Skip to main content

The context you need, when you need it

When news breaks, you need to understand what actually matters — and what to do about it. At Vox, our mission to help you make sense of the world has never been more vital. But we can’t do it on our own.

We rely on readers like you to fund our journalism. Will you support our work and become a Vox Member today?

Join now

Tom Perkins, venture capitalist and Silicon Valley founding father, has died at 84

He co-founded the VC firm Kleiner Perkins Caufield & Byers in 1972.

Tom Perkins at TechCrunch Disrupt in 2013
Tom Perkins at TechCrunch Disrupt in 2013
Tom Perkins at TechCrunch Disrupt in 2013
| Steve Jennings / Getty

Tom Perkins, co-founder of prominent venture capital firm Kleiner Perkins Caufield & Byers, has passed away. His longtime assistant, Kathy Daly, confirmed his death in an email to Recode. He was 84.

Perkins co-founded Kleiner Perkins in 1972, after helping to launch Hewlett-Packard’s computer division. He served on the boards of a number of technology and media giants, including Compaq, Genentech and News Corp.

Though he hadn’t been involved in investing in many years — he hasn’t been active with Kleiner Perkins in nearly 30 years — Perkins is credited with helping to “lay the foundations of culture” in the Valley.

In recent years, Perkins became more widely known for his vociferous defenses of America’s wealthiest citizens. He warned of a coming “progressive Kristallnacht” against the rich in a January 2014 Wall Street Journal letter to the editor, referencing the 1938 attack on Jews in Nazi Germany. Perkins later apologized for the comparison, but not before the rest of the industry, including his namesake firm, distanced itself from the Silicon Valley patriarch.

Perkins later told Bloomberg’s Emily Chang that he sent the Journal the letter because of a San Francisco Chronicle article that poked fun at his ex-wife, the romance novelist Danielle Steel.

That same year, Perkins suggested in another interview that the votes of the 1 percent should count more because they pay more in taxes. During the 2016 election cycle, Perkins backed former HP CEO Carly Fiorina’s bid for the Republican presidential nomination.

In a statement provided by Kleiner Perkins co-founders Frank Caufield and Brook Byers, the two praised Perkins’s legacy.

As a co-founder of Kleiner Perkins Caufield & Byers, Tom was a pioneer in the venture capital industry. He defined what we know of today as entrepreneurial venture capital by going beyond just funding to helping entrepreneurs realize their visions with operating expertise. He was there at the start of the biotech industry and the computer revolution. Tom was our partner and friend, and we will miss him.

In addition to his political extracurricular activities, Perkins was an avid sailor and a major figure in the yachting world. In the mid-1990s, he was convicted of involuntary manslaughter in France for killing a man in a boating accident. A decade later, he drew substantial public attention for his $130 million yacht, the Maltese Falcon, which was “bigger, faster, higher-tech, more expensive and riskier than any private sailing craft in the world.”

Norma Trease, editor-at-large of Yachting Magazine and someone who knew Perkins through his work in the yachting world, told Recode that “he was known to be good to his crew, and many of them worked for him through several yachts and many years.”

Perkins’s assistant Daly did not immediately respond to a question about the cause of death.

This article originally appeared on Recode.net.

See More:

More in Technology

Technology
The case for AI realismThe case for AI realism
Technology

AI isn’t going to be the end of the world — no matter what this documentary sometimes argues.

By Shayna Korol
Politics
OpenAI’s oddly socialist, wildly hypocritical new economic agendaOpenAI’s oddly socialist, wildly hypocritical new economic agenda
Politics

The AI company released a set of highly progressive policy ideas. There’s just one small problem.

By Eric Levitz
Future Perfect
Human bodies aren’t ready to travel to Mars. Space medicine can help.Human bodies aren’t ready to travel to Mars. Space medicine can help.
Future Perfect

Protecting astronauts in space — and maybe even Mars — will help transform health on Earth.

By Shayna Korol
Podcasts
The importance of space toilets, explainedThe importance of space toilets, explained
Podcast
Podcasts

Houston, we have a plumbing problem.

By Peter Balonon-Rosen and Sean Rameswaram
Technology
What happened when they installed ChatGPT on a nuclear supercomputerWhat happened when they installed ChatGPT on a nuclear supercomputer
Technology

How they’re using AI at the lab that created the atom bomb.

By Joshua Keating
Future Perfect
Humanity’s return to the moon is a deeply religious missionHumanity’s return to the moon is a deeply religious mission
Future Perfect

Space barons like Jeff Bezos and Elon Musk don’t seem religious. But their quest to colonize outer space is.

By Sigal Samuel