Kleiner Perkins shuts seed venture fund KPCB Edge as partners leave

Kleiner Perkins shuts seed venture fund KPCB Edge as partners leave

Kleiner Perkins Caufield & Byers shut its seed investing program, a two year-old effort to get the venture capital firm back into the potentially lucrative field of early-stage startup investing.

All three partners who ran the $4 million KPCB Edge fund, Anjney Midha, Roneil Rumburg and Ruby Lee, departed in recent weeks, a spokeswoman for the firm said. There are no immediate plans to hire new early-stage experts to replace the trio. Instead, existing partners at Kleiner Perkins will evaluate and invest in seed deals as part of their daily duties, she said.

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