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How the Kleiner Perkins Empire Fell

2 monthes ago   |   By Fortune

Some five years ago Vladimir Tenev and Baiju Bhatt, founders of a potentially disruptive no-fee stock brokerage startup called Robinhood, set out to raise capital for their fledgling Silicon Valley outfit. They sought a relatively small amount, $13 million, that would value their idea at $61 million. The former Stanford classmates, both within spitting distance of their 30th birthdays at the time, did what entrepreneurs have been doing for decades: They asked the venerable venture capital firm Kleiner Perkins Caufield & Byers to back them.
Kleiner-its singular name is as sufficient on Sand...
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