Kleiner Perkins is already selling some of the stock it bought in Twitter just last December, Henry Blodget reports.
We heard from a source that Kleiner has already unloaded some of its stock on private markets, quickly making a profit as Twitter's valuation has skyrocketed. Kleiner partner John Doerr has not responded to emails for comment, and we have not confirmed the the stock sales.
Kleiner invested at a valuation of $3.7 billion, and a recent Sharespost auction valued Twitter at $7.8 billion.
Kleiner's decision to sell stock on private markets so quickly after investing raises a host of questions about Kleiner's role at Twitter and the lack of regulation in secondary private markets, which we investigate further in the post below.
See Also: NO CONFLICT, NO INTEREST: Twitter, Kleiner and the rise of secondary markets »
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See Also:
- NO CONFLICT, NO INTEREST: John Doerr, Twitter, And The Rise Of Secondary Private Markets
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Kleiner Perkins Already Selling Its Twitter Stock
