Five or six companies raised the most capital in any sector to fix Pakistani retail. Almost all are gone. Tajir stayed in one region, refused to chase GMV, and is now profitable. @babarkhan thinks the capital everyone called the edge was the trap. Discipline beats the cheque.
For more than 50 years, Kleiner Perkins has partnered with founders at moments of inflection. AI is reshaping every industry from the ground up, faster than anything we've seen before. This is the moment to build.
Today, we're proud to announce KP22, our twenty-second venture fund: $1 billion to back early-stage companies, alongside $2.5 billion in growth funds to back high-inflection, category-defining businesses.
A moment like this is where the most enduring companies take root. Deep founder relationships and hands-on support matter more than ever, and we believe in lean investment and portfolio operating teams that work on founder time to deliver exactly that.
We're so grateful to the founders and LPs who have trusted us over the years. We couldn't be more excited to partner with the next generation of history-making companies.
Read more: https://t.co/R7XmcTxOzv
β οΈ Update: In addition to social media restrictions, real-time network data show that total internet shutdowns are now in effect in some regions of #Pakistan; the disruptions have been imposed amid the arrest of former Prime Minister Imran Khan
π° Report: https://t.co/BCs5hPpTsU
Some personal news ππ΅π°
Made my first investment in Pakistan, my country of birth, and a place I called home from the ages of 10 to 13. Feels special.
This also marks @kleinerperkins first investment in Pakistan. We are thrilled to announce our investment in @tajir_app_pk
ππ½
@shoaib100mph After your epic interview with Mahira khan on tuc the lighter side of life, why did you never do another equally epic one #askshoaibakhtar