Fergie's Tech Blog

Powell to Join Storied Venture Capital Firm

Jonathan Krim writes in The Washington Post:

After four decades of military and government service, former secretary of state Colin L. Powell is pursuing a new trail of business entrepreneurship.

Powell said yesterday that he is joining Kleiner Perkins Caufield & Byers, one of Silicon Valley's most storied venture capital firms, to work with young executives on leadership and help their businesses grow worldwide.

Powell, 68, will be a limited partner, remaining in the Washington area but traveling to California or teleconferencing frequently to confer with companies that receive seed funding from the firm. Like other venture capital groups, Kleiner Perkins plays an ongoing role in the management of companies in its stable.