New Funds: Kleiner Perkins launches KP21, an $825M fund for early-stage companies, and KP Select III, a $1.2B fund for high-inflection investments.
Focus on AI: AI is poised to revolutionize industries, automating rote tasks, enhancing human creativity, and transforming sectors like healthcare, legal, and finance.
Investment Areas: The new funds will focus on enterprise software, consumer, healthcare, fintech, and hardtech, with significant acceleration driven by AI.
Team Expansion: Additions of Leigh Marie Braswell (AI focus) and Everett Randle (growth efforts) strengthen the team to better support entrepreneurs.
Core Philosophy: Despite changes in technology, Kleiner Perkins maintains its fundamental approach to venture capital, emphasizing deep connections with entrepreneurs and dedicated support.