Arielle Zuckerberg, the youngest sister of Mark Zuckerberg, is joining Silicon Valley venture capital firm Kleiner Perkins Caufield & Byers (KPCB), as an associate partner on October 19.
Arielle Zuckerberg, 26, who has previously worked at Google, and is currently a product manager at Humin, a mobile app management startup, will join Kleiner by next month. According to sources, Arielle is being hired as a personable partner to bid with and relate to early-stage startups for the firm’s growth fund.
Kleiner is one of Silicon Valley’s most prominent venture capital firms. It was backed by tech behemoth such as Amazon and Google. Lately, it has been criticized for missing out on the new-generation technology startups.
Kleiner Perkins general partner John Doerr additionally declared two new alliances at TechCrunch Disrupt on Tuesday: Muzzammil Zaveri (formerly of Tencent), and Swati Mylavarapu (formerly of Square).
During an interview, KPCB has been vocal recently about the gender discrimination in the industry, with managing partner John Doerr calling it "pathetic". The firm as of late won a gender discrimination lawsuit recorded against it by previous junior investing partner Ellen Pao.
After this, KPCB launched its new $4 million seed-stage Edge Fund in June, anticipated that would focus on software programming.
Despite the potential to be overshadowed by big brother Mark Zuckerberg and elder sister Randi, Arielle has developed a reputation for being reluctant to cash in on her name and she appears acutely aware of diversity issues.
“I don’t know how to solve men’s problems… and I think there’s a lot of evidence that men don’t know how to solve women’s problems,” she told the New York Post last year. “It’s not just women. Companies that don’t have diverse employees are putting themselves at a disadvantage.
Hiring a young female with a growing reputation is a noteworthy win for Kleiner Perkins, especially given the firm’s prominent court case with Ellen Pao, who filed a lawsuit alleging the firm for gender discrimination. In spite of the fact that the jury ruled against Pao on each of the four of her claims, the undertaking was enormously destroying the reputation of the firm, which considers various other women as a part of its positions, including Beth Seidenberg and Mary Meeker.
Gender and equality issues aren't the main areas where Kleiner Perkins has been challenged. The firm has battled for the sort of achievement that adversary firms' have appreciated. For instance, it jumped into ventures like Facebook, Twitter, and reportedly, Snapchat, later than some of its long-lasting companions. Other ventures, including Quirky and Zynga (which simply petitioned for bankruptcy), have in the mean time produced disappointing result.