407 posts and columns on venture capital
News ByteRock Health will now give each accepted company $100,000 from Kleiner Perkins Caufield & Byers, Mohr Davidow Ventures, Aberdare Ventures and the Mayo Clinic. Awarding a chunk of no-strings-attached cash follows the lead set by Y Combinator and followed by other accelerators. The Kleiner hookup comes from new partner Mike Abbott’s previous role as an advisor at Rock Health.
News Bytepreviously reported, the fund will not be managed by KPCB’s Brook Byers, Bill Joy, Ray Lane and Aileen Lee (who is now doing a seed fund), though those partners will continue to be involved in ongoing investments. What’s new about the fund is a renewed emphasis on digital enterprise companies, in addition to digital consumer, green tech and life sciences.
Apparently some folks wanted extra cash to buy ultra-deluxe Christmas gifts last year. Current employees of private companies made up the largest single portion of stock sellers on SecondMarket in December, a huge leap from prior months.