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Meg Whitman to join venture capital firm, report says

March 29, 2011 |  4:19 pm


Meg Whitman, the former EBay CEO who lost the California governor's race in November, may soon take a new job at a marquee Silicon Valley investment firm, according to a report.

Whitman is joining Kleiner Perkins Caufield & Byers as a strategic advisor, according to a Reuters report.

Kleiner Perkins representatives were unavailable for comment on the report Tuesday afternoon.

The venture capital firm is known for its investments in the tech industry, biotechnology and green energy, with shares in Google, Twitter, Flipboard, Zynga, Bloom Energy and dozens of other companies.

According to Reuters, Whitman's role would be one of "mentoring and coaching executives" at companies in which the firm owns equity, as well as identifying worthwhile investments. An anonymous source told Reuters that Whitman was planning to join Kleiner Perkins in April.

Al Gore, the former vice president and a Nobel Peace Prize winner, is a partner at the firm. So is John Doerr, who is considered a pioneer in Silicon Valley with successful investments in the lionized Netscape and Amazon. Mary Meeker, a former Morgan Stanley analyst known for accurately foreseeing tech trends, is also a partner.

Whitman sits on the boards of Hewlett-Packard and Procter & Gamble.


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-- Nathan Olivarez-Giles

Photo: Meg Whitman speaks to supporters after conceding victory to Jerry Brown at the Hilton in Universal City on Nov. 2. Credit: Wally Skalij / Los Angeles Times