John Doerr Talks sFund And iFund But Not fbFund Or aFund

Earlier today at Facebook's headquarters in Palo Alto, CA, venture capital firm Kleiner Perkins Caufield & Byers unveiled their latest massive fund: the sFund . This $250 million fund has one mission: to find the best startups in the social space out there and fund them. But Kleiner Perkins partner John Doerr has a better way of putting it: " I'm thinking of it like it's a quarter-billion dollar party ." Fair enough. I sat down with Doerr after the announcement and subsequent press conference with partners Facebook, Zynga, and Amazon, to talk a bit about the new fund. Doerr noted that the fund itself bubbled up from an idea he put out there at our own TechCrunch Disrupt conference this past May: the " Third Wave ". That is, Doerr believes that the "First Wave" was in the early 1980s with the microchip and the PC. The "Second Wave" was in the mid-1990s when the web came along. Now it's time for this Third Wave: social, mobile, the cloud, and commerce all coming together.