(Reuters) – Tech analyst Mary Meeker is leaving venture capital firm Kleiner Perkins Caufield & Byers LLC to start her own firm, Kleiner said on Friday.
It said Meeker was creating a separate firm with her colleagues Mood Rowghani, Noah Knauf and Juliet de Baubigy.
Kleiner said the split, which was first reported by Recode, could be attributed to shifts in the funding ecosystem.
Companies looking for early stage funding – the traditional focus at Kleiner Perkins – require larger checks and more specialized expertise, while fast-growing established companies, like Meeker investments Uber and Stripe, take more support.
“The changes in both areas have led to less overlap between venture and growth and creating two separate firms with different people and operations now makes sense,” Kleiner spokeswoman Katie Hutchison said on Friday. She did not say when Meeker would leave.
vCard.red is a free platform for creating a mobile-friendly digital business cards. You can easily create a vCard and generate a QR code for it, allowing others to scan and save your contact details instantly.
The platform allows you to display contact information, social media links, services, and products all in one shareable link. Optional features include appointment scheduling, WhatsApp-based storefronts, media galleries, and custom design options.
Meeker first became famous as Queen of the Net in the late 1990s, after a report she wrote for Morgan Stanley predicted the power and shape of the then still exotic World Wide Web. She joined Kleiner in 2010 and helps lead the venture capital firm’s digital growth funds.
This would be a big shake up at the firm after its de-facto leader and prominent venture capitalists John Doerr stepped aside from his management role to become the firm’s first chairman two year ago.
Meeker is the author of the annual Internet Trends Report on technology themes and trends.
Reporting by Sonam Rai and Rama Venkat Raman in Bengaluru