Stephanie Tilenius Joins Kleiner Perkins Caufield & Byers as Executive-in-Residence

Stephanie Tilenius Joins Kleiner Perkins Caufield & Byers as Executive-in-Residence

MENLO PARK, CA — June 25, 2012 – Kleiner Perkins Caufield & Byers (KPCB) announced today that Stephanie Tilenius will join the firm as Executive-in-Residence. She will work with late-stage KPCB portfolio companies with an emphasis on those in the Digital Growth Fund. Tilenius will focus on bringing product development, marketing and business development expertise to help portfolio companies scale and grow.

Tilenius joins KPCB from Google where she was vice president of global commerce and payments and helped build and launch new products and platforms including Google Wallet, Google Offers and Google Shopper. Prior to Google, Tilenius spent nine years at eBay. In her last role she was SVP of and global product and helped lead the eBay Marketplace turnaround. Stephanie also helped build PayPal Merchant Services – the PayPal platform for the web and mobile – from less than $10 million in revenue to a multi-million business and global payments platform over a period of four years. Previously, she was a co-founder of and worked at Intel, AOL, Firefly and Alex. Brown & Sons. She holds a BA and MA from Brandeis University and MBA from Harvard.

Tilenius adds experience to KPCB’s bench of recently added key hires to the partnership who bring deep entrepreneurial and operational expertise in mobile, social and cloud ventures, including Bing Gordon, Mary Meeker, Mike Abbott, Megan Quinn, Ray Bradford and Mood Rowghani.

“I’ve known the partnership of Kleiner Perkins for years and I’m excited to be joining an all-star team of professionals and portfolio companies,” said Tilenius. “I look forward to working with amazing, talented entrepreneurs to help scale their products and businesses in this incredible time for innovation in mobile, social, and commerce."

“Stephanie is a strong business-builder with a solid track record of helping companies scale,” said Mary Meeker, general partner at KPCB.

“Stephanie will be a great addition to our team, which draws from its diverse experiences as entrepreneurs, talent developers and industry experts who support our portfolio companies,” said Ted Schlein, general partner at KPCB.

KPCB recently announced the closing of its latest fund KPCB 15, a US $525 million venture capital fund focusing on investments in early-stage companies. It also continues to actively invest from its existing funds across both early and growth-stage companies. These include KPCB’s US $1 billion Digital Growth Fund (DGF) dedicated to later-stage growth companies; iFund™, a US $200 million investment initiative focused on the revolutionary mobile Internet device opportunity; sFund™, the US $250 million initiative focused on companies and services that will reinvent the Web through a social experience; and KPCB’s US $1 billion Green Growth Fund (GGF).