It’s a coup for Kleiner, which has been rife with turnover.
Kleiner Perkins Caufield & Byers is adding another general partner to its roster, the latest coming-and-going in a stretch of high turnover at the storied venture capital firm.
Ilya Fushman, previously a general partner at Index Ventures, is jumping to Kleiner. Recruiting him is a sign of strength for Kleiner, which has been undergoing something of a makeover in recent years after John Doerr, one of the best-known and most senior investors in Silicon Valley, stepped back from day-to-day operations.
The firm is becoming younger, increasingly organized around Mamoon Hamid, who joined Kleiner last year in a somewhat messy departure from Social Capital. Fushman is Hamid’s first addition to the lineup of general partners, and the firm expects to add at least one more soon.
Fushman told Recode he was attracted to the brand and legacy of Kleiner, which is famous for its early bets on Google and Amazon.
“If you go outside of Silicon Valley and ask, “Have you heard of venture capital?’” he said, “Kleiner Perkins would be top of mind — and that’s what you get for building that sort of history over 45 years.”
Fushman, an early executive at Dropbox, will continue to focus on software investments and financial technology at Kleiner as a partner on its venture team.
Just last week, Index shared that it had hired a new venture capitalist, Sarah Cannon, from CapitalG.
Recode – All Go to Source
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