A founding father of modern venture capital investing has died


Sad to report

Thomas Perkins, one of the founding fathers of modern venture capital investing, has died, according to his assistant. He was 84.

MarketWatch reports that Perkins co-founded venture firm Kleiner Perkins Caufield & Byers in 1972, long before venture capital was a popular style of investing. The firm made small investments in young companies, betting that some would grow into tech giants.

As an investor, perhaps his biggest success was Genentech, the biotech company founded in 1976 and acquired by Roche Holding for $46.8bn in 2009. He also led investments in Tandem Computers Inc. and semiconductor maker LSI Logic.

Perkins stepped back from active investing in the late 1980s, handing the reins of the firm to John Doerr, among others, who made a new generation of winning investments in companies like Google and Amazon.com.

To access the complete MarketWatch article hit the link below:

Venture capital legend Tom Perkins dies at 84

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