In a press conference at Facebook headquarters in Palo Alto, CA, yesterday, leading Silicon Valley venture firm Kleiner Perkins Caufield & Byers announced the formation of the sFund, a $250 million investing fund that will be reserved for startups building social Web applications and services. The fund will consist mainly of contributions from KPCB’s limited partners, but will also include about $50 million (according to a report from Fortune’s Dan Primack) from strategic partners such as Allen & Co., Amazon, Comcast, Liberty Media, Facebook, and Zynga. “Social is just getting started and the opportunities are vast,” said KPCB partner Gordon Bing, who will lead the fund. “As in the early days of the Internet, the race is on.”
Author: Wade Roush
Between 2007 and 2014, I was a staff editor for Xconomy in Boston and San Francisco.
Since 2008 I've been writing a weekly opinion/review column called VOX: The Voice of Xperience. (From 2008 to 2013 the column was known as World Wide Wade.)
I've been writing about science and technology professionally since 1994. Before joining Xconomy in 2007, I was a staff member at MIT’s Technology Review from 2001 to 2006, serving as senior editor, San Francisco bureau chief, and executive editor of TechnologyReview.com. Before that, I was the Boston bureau reporter for Science, managing editor of supercomputing publications at NASA Ames Research Center, and Web editor at e-book pioneer NuvoMedia.
I have a B.A. in the history of science from Harvard College and a PhD in the history and social study of science and technology from MIT. I've published articles in Science, Technology Review, IEEE Spectrum, Encyclopaedia Brittanica, Technology and Culture, Alaska Airlines Magazine, and World Business, and I've been a guest of NPR, CNN, CNBC, NECN, WGBH and the PBS NewsHour. I'm a frequent conference participant and enjoy opportunities to moderate panel discussions and on-stage chats.
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