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Kleiner Perkins' Partner Steps Down
Noted venture firm Kleiner Perkins is getting a little leaner. General partner Mike Abbott announced Monday that he’s leaving the team for an undetermined startup role. Separately, its early-stage “Edge” team is folding. Full investment news article
Relevent to this post: Ted Schlein
John Doerr,
This Hedge Funder Wants Luxury Condos In Saks Fifth Avenue
Part of Saks Fifth Avenue’s Manhattan flagship store could be turned into luxury condominiums if one activist investor has his way. Jonathan Litt, who runs the hedge fund Land and Buildings, wrote a letter to Canadian retail giant Hudson’s Bay Company’s board Monday urging it to consider new directors, taking the public company private and selling off its subsidiary Saks Fifth Avenue, Bloomberg reported. A Saks sale could also allow the company to turn the […] Full investment news article