3 ms·
According to http://data.bls.gov/cgi-bin/cpicalc.pl http://data.bls.gov/cgi-bin/cpicalc.pl, $8m in 1972 was the equivalent of $41m today. They had 4 partners
by pg 17y ago
According to http://data.bls.gov/cgi-bin/cpicalc.pl http://data.bls.gov/cgi-bin/cpicalc.pl,
$8m in 1972 was the equivalent of $41m today. They had 4 partners then, so $10m in present day money per partner. That is definitely lower. Seems like the big funds have at least 4x that now.
- falsestprophet 17y agoWhen Kleiner Perkins was raising its first fund, it was not an established brand and the idea of venture capital was still very new. I suspect KPCB would have liked to raise more.