Thursday, July 14, 2005

General Colin Powell joins KPCB

[Category: Business]

Former Secretary Colin Powell named Strategic Limited Partner at Kleiner Perkins Caufield & Byers. As per this news on KPCB's website, General Powell will work in the areas of communications, security, energy independence and health care.

In the past, Former President George HW Bush and UK's former PM joined the PE firm Carlyle... but the difference is that General Collin joins a VC firm.

And AFAIK, he is the first politician/diplomat to join a VC firm. Social investing in the future? More stress on emerging markets? Or it is just for the political clout?

Any idea if the PE/VC firms look for political clout and contacts as the primary reason for such high profile partners? There must be other benefits and I will like to know more!

Edit: Just now I found a post dedicated to this by Pure VC. Here is the link.

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