John Doerr

L. John Doerr (born June 29, 1951) is an American investor and venture capitalist at Kleiner Perkins in Menlo Park, California. In February 2009, Doerr was appointed a member of the President's Economic Recovery Advisory Board to provide the President and his administration with advice and counsel in trying to fix America's economic downturn.[3] As of July 2017, Forbes ranked Doerr as the 105th richest person in the United States and the 303rd richest person in the world, with a net worth of US$ 7.5 billion as of February 16, 2018.[2] Doerr is the author of Measure What Matters, a book about goal-setting.[4]

John Doerr
TechCrunch SF 2013 SJP2372 (9727140956)
John Doerr at TechCrunch in 2013
BornJune 29, 1951 (age 67)
Alma materRice University (B.S. & Master of Electrical Engineering|M.EE)[1]
Harvard Business School (M.B.A.)
OccupationVenture capitalist
EmployerKleiner Perkins
Net worthIncrease US $7.5 billion (February 2018)[2]
Spouse(s)Ann Howland Doerr
ChildrenMary Doerr, Esther Doerr

Early life

Doerr was born in St. Louis, Missouri. One of five siblings, Doerr graduated from Chaminade College Preparatory School in St. Louis.

Education

Doerr obtained a B.S. and M.E.E. degrees in electrical engineering from Rice University and an MBA from Harvard Business School in 1976.[5]

Career

Doerr joined Intel Corporation in 1974 just as the firm was developing the 8080 8-bit microprocessor. He eventually became one of Intel's most successful salespeople. He also holds several patents for memory devices.[6][7] In 1980, Doerr was offered a job with Kleiner Perkins. Intel president Andy Grove told him, "John, venture capital, that's not a real job. It's like being a real estate agent." [8] He joined Kleiner Perkins Caufield & Byers in 1980, and since then has directed venture capital funding to some of the most successful technology companies in the world including Compaq, Netscape, Symantec, Sun Microsystems, drugstore.com, Amazon.com, Intuit, Macromedia, and Google.[9]

Doerr has backed some of the world's most successful entrepreneurs, including Larry Page, Sergey Brin, and Eric Schmidt of Google; Jeff Bezos of Amazon.com; and Scott Cook and Bill Campbell of Intuit.

Venture funding

Doerr co-founded and serves on the board of the New Schools Venture Fund, an education reform and charter public schools fund, and TechNet, a policy network of high-tech CEOs advocating education and litigation reform, and policies for the innovation economy. Doerr co-chaired California's Proposition 39 which lowered the threshold to approved school bonds, and Proposition 71 which created $3 billion in funding for California research into stem cell therapies. He serves on the board of Bono's ONE campaign to fight global poverty, particularly disease in Africa. His success in venture capital has garnered national attention; he has been listed on Forbes magazine's exclusive "Midas List" and is widely regarded as one of the top technology venture capitalists in the world.[10]

Doerr advocates innovation in clean energy technologies to combat climate change, and has written and testified on the topic. In a 2007 TED conference, he cited his daughter's remark, "your generation created this problem, you better fix it", as a call to fight global warming.[11]

In 2008 he announced with Steve Jobs the Kleiner Perkins $100 million iFund, declaring the iPhone "more important than the personal computer" because "it knows who you are" and "where you are." In April 2010, he along with other iFund members announced an increase in iFund's value by another $100 million, making iFund the worlds biggest investment pool in the cell phone application industry.[12]

He currently serves on the boards of Google, Amyris Biotech, and Zynga. Doerr led Kleiner Perkins's $150 million investment in Twitter.[13][14]

In 2013 he invested in DreamBox[15][16] which has been acquired by Charter School Growth Fund. He had also funded the initial investments in Bloom Energy Inc. Doerr is a major backer of the education company, Remind.

Doerr mentored Ellen Pao when she first joined Kleiner Perkins Caufield & Byers.[17] Before changing his mind in 2012, he was known for challenging those who gave her negative performance reviews.[18]

Doerr serves on the board of the Obama Foundation and ONE.org.[19][20]

Economic Recovery Advisory Board

In February 2009, Doerr was appointed as a member of the USA Economic Recovery Advisory Board by President Barack Obama to provide the President and his administration with advice and counsel in fixing America's economic downturn.[21][22]

Personal life

Doerr is married to Ann Howland Doerr. They live in Woodside, California, with their children.[23]

In August 2010, they signed the Giving Pledge, a campaign set up by the Bill & Melinda Gates Foundation and Warren Buffett to get ultra-high-net-worth individuals to donate their fortunes to charitable causes within their lifetime.[24][25]

Awards

In 1997, Doerr was named a Distinguished Alumnus of Rice University for his accomplishments in business.[26]

In 2009, Doerr was named a Fellow of the American Academy of Arts & Sciences.[27][28][29]

In 2010, Doerr was inducted into the California Hall of Fame.

Politics

In April 2013, a lobbying group called FWD.us (aimed at lobbying for immigration reform and improvements to education) was launched, with John Doerr listed as one of the founders. Doerr is a supporter of the Democratic Party and has hosted fundraisers for them on several occasions.[30]

References

  1. ^ Info about John Doerr's degrees from Rice -- including, notably, the fact that his "Master's" degree from Rice is a Master of Electrical Engineering|M.EE, not an M.S. degree -- was obtained from the Rice alumni "online directory" (accessed June 18, 2017). Comment: Finding such information using the Rice alumni "online directory" did require a password (at least, on [as of] June 18, 2017); however, since John Doerr (together with his wife) is "also" among the major donors to Rice, [perhaps the largest ever, since William Marsh Rice], -- see, e.g., this press release -- the information may well be publicly available some other way; e.g. to (and/or from) information providers such as Forbes magazine, which has featured John Doerr on its cover at least once in the past.
  2. ^ a b "Forbes". Retrieved February 14, 2018.
  3. ^ "Los Angeles Times article Who's Who on new economic advisory board". Los Angeles Times. February 6, 2009. Retrieved February 5, 2009.
  4. ^ "WHEN JOHN DOERR BROUGHT A 'GIFT' TO GOOGLE'S FOUNDERS". WIRED. 24 April 2018. Retrieved 28 April 2018.
  5. ^ "John Doerr, MBA 1976". Harvard Business School. 2008-01-01. Retrieved 2015-10-04.
  6. ^ A US 4096582 A, Paul T. Bailey; L. John Doerr & Robert M. Sandfort, "Field-accessed magnetic bubble mutually exclusive circuits with common elements", issued 1978-06-20
  7. ^ A US 3879716 A, Paul T. Bailey & L. John Doerr, "Mutually exclusive magnetic bubble propagation circuits with discrete elements", issued 1975-04-22
  8. ^ John Doerr, 2018, Measuring What Matters. New York, Portfolio/ Penguin. ISBN 9780525536222 Quote at p.33.
  9. ^ Kaplan, Jerry (1996) [first published by Houghton Mifflin Company 1994]. Startup: A Silicon Valley Adventure. Bridgewater, New Jersey, U.S.: Penguin Books. pp. 301–02. ISBN 0-7351-0141-8. ISBN 0-395-71133-9 (hc.); ISBN 0 14 025731 4 (pbk.). Retrieved June 13, 2010. The careful reader will notice that I was not present for several scenes in the latter part of the book. To reconstruct these episodes, I relied on the taped recollections of as many of the participants as possible. I am deeply indebted to several people – especially Robert Carr, Bill Campbell, Randy Komisar, and John Doerr – who gave freely of their time to describe these scenes.
  10. ^ Loizos, Connie (2015-07-30). "KPCB's John Doerr is coming to Disrupt SF". TechCrunch. Retrieved 2015-10-04.
  11. ^ "John Doerr sees salvation and profit in greentech". TED.
  12. ^ John Doerr: The Next Big Thing. TechCrunch (2010-04-05); retrieved 2013-07-18.
  13. ^ "Kleiner Perkins investment in Twitter". Retrieved July 11, 2012.
  14. ^ Hagan, Joe (October 2, 2011). "Tweet Science". New York Magazine. Retrieved October 9, 2011.
  15. ^ Wan, Tony (December 17, 2013). "Netflix' Reed Hastings Leads $14.5M Series A1 for DreamBox". edSurge. Retrieved March 26, 2014.
  16. ^ Cook, John (December 17, 2013). "Netflix CEO Reed Hastings, VC John Doerr invest $14.5M in DreamBox Learning". Geekwire. Retrieved Mar 26, 2014.
  17. ^ Kulwin, Noah (2015-03-23). "A who's who of the Kleiner Perkins-Ellen Pao trial". Recode. Retrieved 2015-10-02.
  18. ^ Helen Huet (March 4, 2015). "Kleiner Perkins's John Doerr And Ellen Pao: A Mentorship Sours". Forbes. Retrieved March 6, 2015. Mr. Schlein and all the other digital partners felt that way, except me. I saw it differently.
  19. ^ "The Barack Obama Foundation Announces New Additions to the Board of Directors". Obama.org.
  20. ^ "Join the fight against extreme poverty". ONE. 2012-09-28. Retrieved 2018-04-28.
  21. ^ John Doerr sees salvation and profit in greentech | Video on. Ted.com. Retrieved on 2013-07-18.
  22. ^ "Obama appoints John Doerr to economic advisory board". VentureBeat. 2009-02-06. Retrieved 2017-05-22.
  23. ^ Siegler, MG (2010-05-24). "John Doerr to Charlie Rose: I use my iPad in church". Tech Crunch. Retrieved 2015-10-02.
  24. ^ "The Giving Pledge - Pledge List". The Giving Pledge. Retrieved 29 April 2015.
  25. ^ "John Doerr - Tech Philanthropists". Inside Philanthropy. Retrieved 29 April 2015.
  26. ^ "Association of Rice Alumni". Rice Alumni. Retrieved 29 April 2015.
  27. ^ "American Academy Announces 2009 Class of Fellows and Foreign Honorary Members". American Academy of Arts & Sciences. April 20, 2009. Retrieved May 1, 2009.
  28. ^ "[American Academy of Arts & Sciences] NEWLY ELECTED MEMBERS, APRIL 2009" (PDF). American Academy of Arts & Sciences. p. 3. Retrieved May 1, 2009. (see also the 4th entry on page 10 of the AAAS New members list for April 2009 sorted by field)
  29. ^ "Rice Professor Naomi Halas, alums John Doerr and Karen Davis elected to the American Academy of Arts & Sciences". Rice University. April 23, 2009. Retrieved April 25, 2013.
  30. ^ Marinucci, Caria (2014-10-07). "Dems, GOP holding mega-fundraisers on same street in Woodside". SF Gate. Retrieved 2015-10-04.

External links

2016 California Proposition 53

Proposition 53 was a California ballot proposition on the November 8, 2016 ballot. It would have required voter approval for issuing revenue bonds exceeding $2 billion.

Arguments in favor of the measure stated that it would require politicians to provide estimates of how much a project would cost, as well as give voters a say before taking on large debt. The measure followed similar practice as with general obligation bonds, which currently require voter approval before the state can use them to pay for a project. Arguments against the measure stated that it would negatively impact local control over projects by allowing statewide votes on smaller community projects. Additionally, the term project was not defined and it was unclear which projects might be affected by the measure. Cities, counties, schools districts, and community college districts were specifically excluded from the measure’s definition of “state”. However, the California Legislative Analyst's Office warned that local governments sometimes partner with the state government to get lower interest rates on government bonds, which could have required statewide voter approval of local projects under the measure.It was unlikely that many projects would have been affected by the measure, though it could have affected large-scale projects such as California High-Speed Rail and California Water Fix and Eco Restore.Proponents spent $4.6 million fighting for the measure, all of it from California Delta farmer Dino Cortopassi and his wife. Cortopassi has been an outspoken critic of the planned Water Fix tunnels underneath the delta.Opponents spent $10.9 million fighting against the measure, with the top donor being $4.1 million from Governor Jerry Brown’s 2014 campaign funds. Other top opposition donors included the California Democratic Party, a labor coalition, venture capitalist John Doerr, and the San Manuel Band of Mission Indians.The measure was opposed by the editorial boards of the Los Angeles Times, the San Francisco Chronicle, and The Sacramento Bee. Firefighters opposed the measure, warning that there was no exemption for disaster funding. Cities and local water districts were also opposed.

2016 California Proposition 62

Proposition 62 was a California ballot proposition on the November 8, 2016, ballot that would have repealed the death penalty and replaced it with life imprisonment and forced labor without possibility of parole. It would have applied retroactively to existing death sentences and increased the portion of life inmates' wages that may be applied to victim restitution.A September 2016 poll from USC Dornsife / Los Angeles Times showed 40% percent of registered voters in favor of Proposition 62, 51% opposed, and 9% unknown.Proposition 62 was rejected by voters in the November general election, with 46.9% voting to end executions. Proposition 66 was approved by voters in the same election, with 51.1% voting to speed up executions. If voters had passed both Proposition 62 and Proposition 66, then the measure with the most "Yes" votes would have taken effect.Proposition 62 was estimated to have reduced state spending by $150 million a year. Proponents spent $8.9 million fighting for Proposition 62, with the top contribution being $1.5 million from Stanford University professor Nick McKeown. Other top contributing proponents include Tom Steyer, Reed Hastings, John Doerr, and Paul Graham. The measure was supported by the editorial boards of the Los Angeles Times, the San Francisco Chronicle, and The Sacramento Bee. Opponents spent $4.4 million fighting against Proposition 62, with the top contribution being $498,303 from the California prison guards’ union. Other top contributing opponents include the California Highway Patrolmen’s union, and the LAPD police union.

Android Q

Android "Q" is the upcoming tenth major release and the 17th version of the Android mobile operating system. The first beta of Android Q was released on March 13, 2019 for all Google Pixel phones. The final release of Android Q is scheduled to be released in the third quarter of 2019.

BigQuery

BigQuery is a RESTful web service that enables interactive analysis of massively large datasets working in conjunction with Google Storage. It is a serverless Platform as a Service (PaaS) that may be used complementarily with MapReduce.

Chromebit

The Chromebit is a dongle running Google's Chrome OS operating system. When placed in the HDMI port of a television or a monitor, this device turns that display into a personal computer. Chromebit allows adding a keyboard or mouse over Bluetooth or Wi-Fi. The device was announced in April 2015 and began shipping that November.

Doerr

Doerr is a respelling of Dörr, a German surname. Notable people with the surname include:

Anthony Doerr (born 1973), American writer

Bobby Doerr (1918–2017), American baseball player and coach

Harriet Doerr (1910–2002), American writer

John Doerr (born 1951), American businessman

Robert Doerr (c. 1914 – 2013), American politician and educator

Steve Doerr (born 1959), American soccer player

Susan Doerr (born 1945), American swimmer

Thomas Doerr (born 1964), American architect and writer

Google Dataset Search

Google Dataset Search is a search engine from Google that helps researchers locate online data that is freely available for use. The company launched the service on September 5, 2018, and stated that the product was targeted at scientists and data journalists.

Google Dataset Search complements Google Scholar, the company's search engine for academic studies and reports.

Google Finance

Google Finance is a website focusing on business news and financial information hosted by Google.

Google Fit

Google Fit is a health-tracking platform developed by Google for the Android operating system and Wear OS. It is a single set of APIs that blends data from multiple apps and devices. Google Fit uses sensors in a user's activity tracker or mobile device to record physical fitness activities (such as walking or cycling), which are measured against the user's fitness goals to provide a comprehensive view of their fitness.

Google Forms

Google Forms is a survey administration app that is included in the Google Drive office suite along with Google Docs, Google Sheets, and Google Slides.

Forms features all of the collaboration and sharing features found in Docs, Sheets, and Slides.

Google Guice

Google Guice (pronounced "juice") is an open-source software framework for the Java platform released by Google under the Apache License. It provides support for dependency injection using annotations to configure Java objects. Dependency injection is a design pattern whose core principle is to separate behavior from dependency resolution.

Guice allows implementation classes to be bound programmatically to an interface, then injected into constructors, methods or fields using an @Inject annotation. When more than one implementation of the same interface is needed, the user can create custom annotations that identify an implementation, then use that annotation when injecting it.

Being the first generic framework for dependency injection using Java annotations in 2008, Guice won the 18th Jolt Award for best Library, Framework, or Component.

Google The Thinking Factory

Google: The Thinking Factory is documentary film about Google Inc. from 2008 written and directed by Gilles Cayatte.

IFund

The iFund is a US$200 million capital fund. Developers may enter into equity deals for the creation of applications, services, and components for Apple Inc.'s iPhone, iPod Touch and iPad platform. It is being offered and managed by venture capital company Kleiner Perkins Caufield & Byers (KPCB).The iFund was announced by KPCB partner John Doerr at the same time as the iPhone OS SDK, at Apple's iPhone Roadmap event on March 6, 2008 in Cupertino, California. The iFund is managed by KPCB partner Matt Murphy in collaboration with partners Chi-Hua Chien, John Doerr, Bill Joy, Randy Komisar, Ellen Pao, and Ted Schlein. Apple provides KPCB with market insight and support. On March 31, 2010 KPCB announced the fund has been doubled.

On September 15, 2008, KPCB launched a blog to share perspectives on the iFund.

In December 2008 the confidential iFund application data was accidentally published on the web by Kleiner Perkins Caufield & Byers’ former hosting provider, Meteora Technologies Group, in a database dump file. The file was indexed by Google and coincidentally discovered by a fruux staffer. The file contained Applications from 588 companies including detailed information from each of these companies, like founder bios, financial ratios and business models.

Kleiner Perkins

Kleiner Perkins, formerly Kleiner Perkins Caufield & Byers (KPCB), is an American venture capital firm headquartered on Sand Hill Road in Menlo Park in Silicon Valley. Specializing in investments in incubation, early stage and growth companies, since its founding in 1972 the firm has backed entrepreneurs in over 850 ventures, including America Online, Amazon.com, Compaq, Electronic Arts, JD.com, Square, Genentech, Google, Netscape, Sun Microsystems, Nest, Synack, Snap, AppDynamics, and Twitter. Kleiner Perkins focuses its global investments in practice areas including technology and life sciences. The Wall Street Journal and other publications have called it one of the "largest and most established" venture capital firms and Dealbook named it "one of Silicon Valley’s top venture capital providers." In addition to its Menlo Park headquarters, the company has offices in San Francisco and Shanghai, China.

OKR

Objectives and key results (OKR) is a framework for defining and tracking objectives and their outcomes.

The development of OKRs is generally attributed to Andy Grove the "Father of OKRs", who introduced the approach to Intel during his tenure there and documented this in his 1983 book High Output Management. Grove explained his simple but effective concept thus: "The key result has to be measurable. But at the end you can look, and without any arguments: Did I do that or did I not do it? Yes? No? Simple. No judgments in it."OKRs comprise an objective—a clearly defined goal—and one or more key results—specific measures used to track the achievement of that goal.In 1975, John Doerr, at the time a sales person working for Intel, attended a course within Intel taught by Andy Grove where he was introduced to the theory of OKRs. In 1999 Doerr, who by then was working for Kleiner Perkins Caufield & Byers - a venture capital firm, introduced the idea of OKRs to a start-up Kleiner Perkins Caufield & Byers had invested in called Google. The idea took hold and OKRs quickly became central to Google's culture as a "management methodology that helps to ensure that the company focuses efforts on the same important issues throughout the organization."Larry Page, the CEO of Alphabet and co-founder of Google, credited OKRs within the foreword to Doerr's book: "OKRs have helped lead us to 10x growth, many times over. They’ve helped make our crazily bold mission of 'organizing the world’s information' perhaps even achievable. They’ve kept me and the rest of the company on time and on track when it mattered the most."Since becoming popular at Google OKRs have found favour with several other similar tech start-up organisations including LinkedIn, Twitter, and Uber.OKRs may be shared across the organization with the intention of providing teams with visibility of goals with the intention to align and focus effort. OKRs are typically set at the company, team, and personal levels although there is criticism on this causing too much of a waterfall approach, which OKRs in many ways tries to be the opposite of.

OKRs overlap with other performance management frameworks - in terms of complexity sitting somewhere between KPI and the balanced scorecard.

Project Sunroof

Project Sunroof is a solar power initiative started by Google engineer Carl Elkin. The initiative's stated purpose is "mapping the planet's solar potential, one roof at a time."

Ross Technology

Ross Technology, Inc. was a semiconductor design and manufacturing company, specializing in SPARC microprocessors. It was founded in Austin, Texas in August 1988 by Dr. Roger D. Ross, a leading computer scientist who headed Motorola's Advanced Microprocessor Division and directed the developments of Motorola's MC68030 and RISC-based 88000 microprocessor families.

Dr. Ross was accompanied by Carl Dobbs, Janet Sooch, Steve Goldstein and Travor Smith, who were from Motorola's High-end Microprocessor Division, and were involved in the development of the 88000 microprocessor. He was later was joined by Am29000 engineer Raju Vegesna from AMD, who was originally hired by Dr. Ross at Motorola.

Cypress Semiconductor provided initial funding. Original board members included Dr. Ross and well-known figures as Dr. T. J. Rodgers of Cypress Semiconductor, John Doerr of Kleiner Perkins Venture Capital, and L. J. Sevin of Sevin Rosen Venture Capital, who also served as Board Chairman. Ross eventually became a subsidiary of Cypress.

Venture Capital Journal

The Venture Capital Journal, or VCJ, is a monthly glossy magazine that covers investment trends, financing techniques and news from across the Venture Capital industry. The magazine, founded in 1961, focuses on venture capital and features expert analysis and commentary. Top venture capitalists who have been featured in VCJ include Jim Breyer, Steve Westly, John Doerr, William Henry Draper III, Timothy C. Draper, Pitch Johnson, Vinod Khosla, Ray Lane, Michael Moritz, Tom Perkins Lip-Bu Tan, Arthur Rock, Heidi Roizen, Paul Wythes, and Don Valentine.

VCJ, based in San Francisco, is published by Jim Beecher and edited by Alastair Goldfisher. The editorial staff is composed of Lawrence Aragon and Mark Boslet. The staff of VCJ also contributes to peHUB.

VCJ was acquired by UCG from Thomson Reuters in 2014. UCG sold VCJ to Simplify Compliance, a portfolio company of Leeds Equity Partners, in 2016.

Zazzle

Zazzle is an American online marketplace that allows designers and customers to create their own products with independent manufacturers (clothing, posters, etc.), as well as use images from participating companies. Zazzle has partnered with many brands to amass a collection of digital images from companies like Disney and Hallmark. Zazzle claims to have over 300 million unique products listed on the site.

Zazzle was launched from their garage by Robert Beaver, Bobby Beaver and Jeffrey Beaver, and went live in 2005. The company received an initial investment of US$16 million in July 2005 from Google investors John Doerr and Ram Shriram, and an additional investment of $US30 million in October 2007. The site was recognized by TechCrunch as 2007's "best business model" in its first annual "Crunchies" awards, and has been noted by industry experts, such as B. Joseph Pine, for its easy-to-use technology. In 2010, Zazzle was recognized as one of the "Hottest Silicon Valley Companies" by Lead411. It is based in Redwood City, California.

Zazzle.com offers digital printing, and embroidered decoration on their retail apparel items, as well as other personalization techniques and items.

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