Colin Powell Joins Venture Firm

Former Secretary of State Colin Powell named strategic limited partner at Kleiner Perkins Caufield & Byers

July 13, 2005

2 Min Read

MENLO PARK , Calif. -- Kleiner Perkins Caufield & Byers (KPCB) – an innovator in providing venture and relationship capital SM services to entrepreneurs – announced former Secretary of State Colin Powell has become a KPCB strategic limited partner.

General Powell said, “I’ve been privileged to work with good people on important missions, and have known KPCB entrepreneurs and partners for years. Those entrepreneurs have passion for clear missions — building innovative, global businesses that better the world. I welcome the opportunity to help develop global leaders who deliver powerful innovation where we need it most.”

"We are thrilled to welcome Colin to our team,” said John Doerr of KPCB. “He is passionate about innovations in communications, security, energy independence and health care. Colin is a gifted, ‘always-on’ communicator who loves technology. Secretary Powell offers entrepreneurs global strategic insights and wisdom about leadership. Colin is truly a great American, inspiring great American entrepreneurs, indeed, inspiring us all.”

Ray Lane of KPCB said, “General Powell is one of the most influential leaders of our time. His strategic guidance in global affairs is invaluable. In our ‘flat world’ of global markets, global connections, and global competition, Colin adds tremendous value.”

“Secretary Powell is a world leader and humanitarian,” added Brook Byers of KPCB. “We will work together to help social and tech entrepreneurs innovate across the planet – whether helping a venture ‘go global’ or bringing micro-credit and health care to remote communities in Africa .”

Steve Case, co-founder of AOL and Chairman of Revolution, said, “It's terrific that Colin Powell is aligning with KPCB, the preeminent venture capital firm. I have known Colin for nearly a decade and benefited from his insights when he was on the AOL board, and more recently on the Revolution Health board. He understands technology, leadership and global markets, and will provide invaluable assistance to KPCB and its portfolio companies."

Kleiner Perkins Caufield & Byers

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