Kleiner Perkins Already Selling Its Twitter Stock

Twitter COO Dick Costolo

Kleiner Perkins is already selling some of the stock it bought in Twitter just last December, Henry Blodget reports.

We heard from a source that Kleiner has already unloaded some of its stock on private markets, quickly making a profit as Twitter’s valuation has skyrocketed. Kleiner partner John Doerr has not responded to emails for comment, and we have not confirmed the the stock sales.

Kleiner invested at a valuation of $3.7 billion, and a recent Sharespost auction valued Twitter at $7.8 billion.

Kleiner’s decision to sell stock on private markets so quickly after investing raises a host of questions about Kleiner’s role at Twitter and the lack of regulation in secondary private markets, which we investigate further in the post below.

See Also: NO CONFLICT, NO INTEREST: Twitter, Kleiner and the rise of secondary markets ยป

NOW WATCH: Tech Insider videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.