Kleiner Perkins

Ellen Pao’s Ouster Preserved Reddit’s $4 Billion Valuation

When Breitbart News published “Ellen Pao Out As Reddit CEO, Blames Site’s Users” recently, we received kudos from Reddit users for understanding it was Poa’s actions aimed at limiting users’ free speech in order to make the site more advertiser friendly that caused a user rebellion. But the business press continues to blame users, in articles such as the San Francisco Chronicle’s “Ellen Pao’s Ouster Shows Reddit CEO can’t Function under Mob Rule.”

AP Photo/Jeff Chiu

Ellen Pao Out as Reddit CEO, Blames Site’s Users

Silicon Valley Business Journal just reported that “Ellen Pao is resigning from Reddit after eight months of drama as interim CEO.” Having kept her Reddit position despite  losing America’s highest profile sexual discrimination lawsuits against what she called Silicon Valley’s “boy’s club,”

Former Kleiner partner Pao arrives at San Francisco Superior Court in San Francisco

Rising Economic Power Means Women Will Dominate Silicon Valley

Media observers are claiming that Ellen Pao’s loss in her $160 million gender discrimination claims against her former venture capitalist employer Kleiner Perkins Caufield & Byer means a dark future for women in Silicon Valley. But women already control 36 percent of small businesses, hold 50 percent of all management positions and account for 60 percent of college students. With rising economic power, women seem destined to eventually dominate Silicon Valley and much of American business.

AP Photo/Michel Euler

VC Legend John Doerr takes Stand in Sex Discrimination Case

As the globe’s top venture capitalist, John Doerr of Kleiner Perkins Caufield & Byers has funded and mentored tons of start-up Silicon Valley companies that became fantastically successful, including Google, Amazon, Intuit, and Electronic Arts, Twitter, Square and Zynga. But one of his worst bets may turn out to be personally hiring Ellen Pao in 2005. Pao is dragging Doerr into her lawsuit for $16 million for sexual discrimination after 7 years at the firm.

John Doerr (Matt Rourke / Associated Press)