Category: Mary Meeker

June 11, 2019 Off

Here’s Mary Meeker’s 2019 Internet Trends report

By Jill T Frey

The Internet Trends report — everyone’s favorite slide deck — is back. Bond Capital founder and former Kleiner Perkins general partner Mary Meeker made her presentation onstage at Vox/Recode’s Code Conference in Scottsdale, Ariz. on Tuesday.

Meeker first crafted a report of this kind, which highlights the most important statistics and technology trends on the internet, in 1995.

This morning, Meeker highlighted slowed growth in e-commerce sales, increased internet ad spending, data growth, as well as the rise of freemium subscription business models, telemedicine, photo-sharing, interactive gaming, the on-demand economy and more.

“If it feels like we’re all drinking from a data firehose, it’s because we are,” Meeker told the audience.

The “Queen of the internet” made references to Slack, Stripe, Spotify, Dropbox, Discord, Twitch, Zoom, Stitch Fix, Instagram and Bond portfolio company Canva as she reviewed her slides.

It’s been a busy past year for the former Morgan Stanley … Read the rest

May 22, 2019 Off

Getting a seat at the VC table

By Jill T Frey

We are witnessing the greatest paradigm shift in power since the advent of the venture capital industry. Since taking my first VC role in 2012, I’ve seen more change in the past year than all other years combined.

Six years after Ellen Pao’s landmark gender discrimination case against Kleiner Perkins Caufield & Byers, Mary Meeker announced her departure to start a new fund with three other KPCB investors. Arlan Hamilton from Backstage Capital graced the cover of Fast Company with the caption “Venture Catalyst.” AllRaise’s circulation of a growing list of job postings is regularly hitting … Read the rest

April 27, 2019 Off

Startups Weekly: All these startups are raising big rounds

By Jill T Frey

TechCrunch’s Connie Loizos published some interesting stats on seed and Series A financings this week, courtesy of data collected by Wing Venture Capital. In short, seed is the new Series A and Series A is the new Series B. Sure, we’ve been saying that for a while, but Wing has some clean data to back up those claims.

Years ago, a Series A round was roughly $5 million and a startup at that stage wasn’t expected to be generating revenue just yet, something typically expected upon raising a Series B. Now, those rounds have swelled to $15 million, according to deal data from the top 21 VC firms. And VCs are expecting the startups to be making money off their customers.

“Again, for the old gangsters of the industry, that’s a big shift from 2010, when just 15 percent of seed-stage companies that raised Series A rounds were already making … Read the rest

April 24, 2019 Off

Mary Meeker raises $1.25B for Bond, her debut growth fund

By Jill T Frey

As the Kleiner Perkins empire crumbles, Mary Meeker builds her own.

The author of the Internet Trends Report has $1.25 billion in capital commitments for her debut growth fund, Bond Capital, as first reported by Axios and confirmed to TechCrunch by a source close to the firm.

Bond Capital has declined to comment.

Meeker spun-out from the Kleiner Perkins growth investing practice in September 2018 to form Bond after an internal power struggle between her and Mamoon Hamid, who joined Kleiner in 2017 from Social Capital, left no other option. According to a recent Fortune feature on the formerly revered venture capital firm, Kleiner recruited Hamid to refuel the firm’s early-stage efforts but his purported plan to increase the size of the early-stage funds’ stakes was a step too far onto Meeker’s turf.

“Hamid, say Kleiner insiders, saw himself as helping; Meeker’s team viewed Hamid’s offers as meddling,” Fortune … Read the rest