Kleiner Perkins to Write Smaller Checks With $4 Million Fund – The New York Times
Most of the action in venture capital now is in so-called growth rounds, with billions of dollars flowing into established technology superstars like Uber and Pinterest. But Kleiner Perkins Caufield & Byers, one of Silicon Valley’s best-known investment firms, is trying a different approach: focusing on early-stage seed rounds — and offering founders unusual terms. […]