KPCB: $250M for Social Startups (and Its Own Relevance)

Kleiner Perkins today reasserted itself as a powerhouse and relevant venture capital firm by rounding up Facebook, Zynga and Amazon to announce a $250 million fund for social web startups, called the sFund. Kleiner partner John Doerr today won on-stage testimonials from Facebook, Amazon and Zynga.