Mary Meeker is moving from Wall Street to Silicon Valley, to partner with Kleiner, Perkins, Caufield & Byers. The venture-capital firm was one of the major supporters of the early wave of internet companies like Netscape, Amazon, and, later, Google.
Mary Meeker, the head of global technology research at Morgan Stanley’s and the famous analyst was nicknamed “Queen of the Net” in the 90’s. The research culture has certainly changed since then. When Meeker started out, top analysts operated more independently, but now analysis is teamwork oriented. In a memo to her colleagues, Meeker explained that she’d been considering joining an investment firm for quite a while, and was leaving Morgan Stanley’s now because its technology research effort is well established. Indeed, 13 stock-research analysts were added to the company last year.
KPCB partner John Doerr has shared that Meeker will be joining the company’s digital practice. There she will be investing in start-up technology companies as well as supporting the growth of KPCB-backed companies.