Liz Gannes

Recent Posts by Liz Gannes

A Year Later, Google Joins Kleiner Perkins sFund

Google has added its money to Kleiner Perkins’ sFund, joining launch partners Zynga, Comcast, Allen & Co., Amazon and Facebook. Given that the VC firm was an early investor in Google, the tech giant’s lack of participation seemed strange when Kleiner Perkins launched the sFund a year ago. But then again, Google wasn’t really doing social a year ago. Google just bought Katango, the sFund’s first investment and its first exit.

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Just as the atom bomb was the weapon that was supposed to render war obsolete, the Internet seems like capitalism’s ultimate feat of self-destructive genius, an economic doomsday device rendering it impossible for anyone to ever make a profit off anything again. It’s especially hopeless for those whose work is easily digitized and accessed free of charge.

— Author Tim Kreider on not getting paid for one’s work