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Venture Capital

Kleiner Perkins Splitting in Two

Kleiner Perkins is separating its growth and early stage business, following a trend of focusing on stage rather than sector, according to this Wall Street Journal story. The shakeup is an example of just how much is changing—fast—in private tech investing. But it is also an example of struggles unique to Kleiner, whose investing team never really gelled in recent years as newcomers came in and veterans moved on. 

The main takeaway is the road ahead will be tough for both firms as competition for hot deals remains as hot as ever.

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