Storied Silicon Valley VC firm Kleiner Perkins is about to buy .0007% of Facebook for $38 million, the WSJ reports.
The valuation is $52 billion.
If Facebook IPOs at a whopping $200 billion – big if – that'll be a 4X return. Not that great.
But let's be serious: KP is buying more than Facebook stock here.
It's buying a less embarrassing answer to pesky questions from limited partners who keep hearing about this Jesse Eisenberg/Mark Zuckerberg guy and Goldman Sach's huge investment.
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Kleiner Perkins Buys $38 Million, 0.07% Stake In Facebook
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