KPCB Edge
The business, the turning points, and the decisions behind them.
01 / WHAT IT BUILT
What the company did
KPCB Edge was Kleiner Perkins Caufield & Byers' seed-stage investing effort, launched in 2015 with $4 million allocated to back 15-20 companies. Led by three young partners - Anjney Midha, Roneil Rumburg and Ruby Lee - it took a software-focused, founder-friendly approach: uncapped convertible notes in the $50,000 to $250,000 range, targeting emerging areas like drones, cryptocurrency, virtual reality and digital health.
02 / KPCB Edge FAILURE REASONS
Failure factors
Kleiner Perkins shut KPCB Edge after all three Edge partners (Midha, Rumburg, Lee) left; firm had no immediate plans to replace them and folded the branded program.
All three partners running Edge departed; no replacement hires planned for the branded program.
03 / EVENT HISTORY
Events in the structured record
- Product or service closed
KP closed the KPCB Edge seed investing program after ~2 years; Edge site taken down; early-stage investing moved to existing partners.
04 / CONTEMPORARY REBUILD ASSESSMENT
Difficulty of rebuilding this project today
Material for this section is being gathered and checked. It will appear here once ready.
Overall assessment: Not completed
05 / CAUSAL CHAIN
How the factors connect
- 01
KPCB Edge launched in 2015 as Kleiner Perkins' seed-stage effort with $4 million allocated, led by partners Anjney Midha, Roneil Rumburg and Ruby Lee.
- 02
On July 31, 2017, Kleiner Perkins announced it was winding down its Edge-branded early-stage investment efforts as all three Edge partners departed.
- 03
PitchBook records the fund's status as liquidated (vintage 2017).
- 04
No audited loss figure was disclosed.