Kleiner Perkins Buys $38 Million, 0.07% Stake In Facebook

john doerr tbi

Storied Silicon Valley VC firm Kleiner Perkins is about to buy .0007% of Facebook for $38 million, the WSJ reports.

The valuation is $52 billion.

If Facebook IPOs at a whopping $200 billion – big if – that’ll be a 4X return. Not that great.

But let’s be serious: KP is buying more than Facebook stock here.

It’s buying a less embarrassing answer to pesky questions from limited partners who keep hearing about this Jesse Eisenberg/Mark Zuckerberg guy and Goldman Sach’s huge investment.

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.