Kleiner Perkins Is Having A Very Good Week

Even while nan tech manufacture is still fanning its look complete Figma’s basking IPO connected Thursday, different important tech IPO occurred this week: Ambiq Micro. On Wednesday, nan spot shaper for wearable devices saw its shares climb from nan first value of $24 to complete $42 connected Friday.

There’s 1 point some companies person successful common: Kleiner Perkins was a awesome investor.

So it’s been a very bully week for nan venerable task firm. Just for fun, we’ve calculated nan worth of Kleiner Perkins’ liking successful each company.

Kleiner sold 1,346,499 shares of Figma astatine nan IPO value of $33, Figma disclosed, and could person sold arsenic galore arsenic 2,756,020 shares astatine that value if nan bankers exercised their action to nab further shares. Given really overmuch demand outstripped proviso for shares of Figma, we’re going to presume nan bankers will, aliases already have, snapped up nan afloat tranche.

Meanwhile, Kleiner still holds 52,364,374 shares of Figma, nan institution says. Share prices are still fluctuating wildly successful dense trading connected Day 2, from astir $110 to complete $142, but closed Day 1 astatine $115, truthful we’ll usage that number.

For Figma: An estimated $91 cardinal returned from stock income and a remaining liking worthy much than $6 billion.
(2,756,02 shares astatine $33 = $90,948,660. 52,364,374 shares astatine $115 = $6,021,903,010). For position this liking successful Figma unsocial is worthy 3x nan past mega costs nan patient raised, which was $2 cardinal crossed 2 vehicles successful 2024. By nan way, nan Kleiner partner who oversaw its finance was Figma committee personnel Mamoon Hamid.

Ambiq is overmuch smaller institution and it was a overmuch smaller IPO. It sold a full of 4 cardinal shares and raised $96 cardinal for itself successful its IPO. Existing shareholders are taxable to nan classical 180 days lock-up earlier they tin sell. Kleiner holds 2,081,831 shares, the institution disclosed. Shares are still trading astatine a premium to nan IPO value arsenic of Friday and closed Thursday astatine $43.85. So we’ll usage that price.

Ambiq stake: $91.3 cardinal (2,081,831 astatine $43.85 = 91,288,289).

But wait! There’s more. Kleiner is besides having a bully period and perchance twelvemonth (Kleiner has declined remark for this story).

The patient reportedly scored a decent return earlier this period arsenic portion of Google’s woody to licence tech from Windsurf and prosecute distant its apical talent. We don’t cognize precisely really much of nan $1.1 cardinal aliases truthful VCs obtained from nan Windsurf woody went to Kleiner specifically. But TechCrunch’s Marina Temkin reports nan full return was astir 3x nan original funding.

And astatine slightest 1 much Kleiner-backed institution is waiting successful nan wings to IPO. Fleet search startup Motive Technologies raised $150 cardinal led by Kleiner Perkins, pinch Ilya Fushman joining nan board, nan institution announced this week. Bloomberg reported successful December that Motive is gearing up for an IPO, perchance still successful 2025.