Generation Investment Management and Kleiner Perkins Caufield & Byers Create International Alliance to Accelerate Global Climate Solutions



    Al Gore Joins KPCB as Partner and John Doerr Joins Generation's Advisory
Board

    MENLO PARK, CALIF. & LONDON, November 12 /CNW/ - Kleiner Perkins Caufield
& Byers ("KPCB") and Generation Investment Management ("Generation") today
announced a global collaboration to find, fund and accelerate green business,
technology and policy solutions with the greatest potential to help solve the
current climate crisis. The partnership will provide funding and global
business-building expertise to a range of businesses, both public and private,
and to entrepreneurs. As a result of the collaboration, the chairman and
co-founder of Generation Investment Management, former Vice President of the
United States Al Gore, will join KPCB as a Partner. KPCB will co-locate their
European operations at Generation's offices in London. John Doerr, Partner at
KPCB, will join Generation's Advisory Board.

    Mr. Gore said, "This alliance brings together world-class business talent
to focus on solving the climate crisis. Together, we have a working
understanding of this urgent, multi-dimensional challenge and are resolved to
help business and government leaders accelerate the development of sustainable
solutions."

    The KPCB and Generation alliance represents a landmark alignment of
resources to effect global change to protect the environment. It combines the
research expertise of both organizations with a track record of successful
investments in public and private companies, from early stage to large
capitalization business. It aligns the convening power of Mr. Gore, the KPCB
Greentech Innovation Network and the Generation Advisory Board towards a
common goal. In addition, KPCB's presence in Asia and the U.S., combined with
Generation's presence in the U.S., Europe and Australia, will support global
scale solutions.

    "KPCB celebrates 35 years of fueling innovation this year," said Mr.
Doerr. "But today marks a turning point for climate entrepreneurs around the
world. Generation and our new Partner Al Gore will help innovators and
entrepreneurs accelerate their business, technology and policy solutions for
the most critical problem of our time."

    KPCB will continue to invest in startup venture capital; Generation will
continue to invest in global public equities. The two teams will collaborate
on opportunities spanning sectors such as renewable energy technologies,
building efficiency, cleaner fossil energy, sustainable agriculture and carbon
markets.

    Generation co-founder and Managing Partner David Blood said, "There is a
significant gap between the capital needed and the capital currently deployed
to create enduring solutions to the climate crisis. To address this financing
gap will require the efforts of many players, including entrepreneurial
ventures, multinational businesses, governments, multilaterals and investors.
The collaboration between Generation and KPCB brings together unique
capabilities and networks to identify opportunities across this spectrum. We
are thrilled to work with such an excellent partner. Investing in scalable
solutions now is critical for the future of the planet."

    Mr. Gore also announced that as part of the agreement between the two
firms, 100 percent of his salary as a Partner at KPCB will be donated directly
to the Alliance for Climate Protection -- the non-partisan foundation he
chairs that focuses on accelerating policy solutions to the climate crisis.

    For further information, please contact:

    
    For Generation Investment Management     For KPCB
    Richard Campbell                         Jennifer Graham
    Capital MS&L                             Burson Marsteller
    Tel: +44 (0) 20 7307 5334                Tel: +1 (415) 591-4016
    Email: richard.campbell@capitalmsl.com   Email: jennifer.graham@bm.com
    

    Notes to Editors:

    About Generation Investment Management

    Generation Investment Management LLP is dedicated to long-term investing,
integrated sustainability research, and client alignment. It is an
independent, private, owner-managed partnership established in 2004 and with
offices in London and Washington, D.C. www.generationim.com

    Generation aims to buy high quality companies at attractive prices that
will deliver superior long-term investment returns. Sustainability research
plays an important role in forming its views on the quality of the business,
the quality of management and valuation. Its performance fees align its
interests with that of its clients by being based on long term performance.

    The company is chaired by former Vice President of the United States and
Nobel Peace Prize Winner, Al Gore, whilst its Managing Partner is David Blood,
the former CEO of Goldman Sachs Asset Management.

    Generation Investment Management LLP is authorized and regulated in the
United Kingdom by the Financial Services Authority.

    About KPCB, www.kpcb.com

    Kleiner Perkins Caufield & Byers is leading the venture community to
invest in and accelerate Green technology solutions and policy innovations.
The firm has been active in Greentech initiatives since 1999. KPCB has
committed more than $200 million to ventures across the globe that offer green
technology products and services, such as better biofuels, renewable energy
generation, cleaner transportation, improved energy storage, and higher energy
efficiency technologies. More than half the firm's investing professionals are
involved in Greentech investments. These include John Denniston, John Doerr,
Juliet Flint, Wen Hsieh, Bill Joy, Randy Komisar, Joe Lacob, Ray Lane, Aileen
Lee, Ajit Nazre, Ellen Pao, Ted Schlein, Trae Vassallo and David Wells in the
U.S., and Tina Ju, Forrest Zhong and Joe Zhou in China. www.kpcb.com/greentech

    Since its founding in 1972, KPCB has backed entrepreneurs in over 475
ventures, including AOL, Align Technology, Amazon.com, Citrix, Compaq
Computer, Electronic Arts, Genentech, Genomic Health, Google, IDEC
Pharmaceuticals, Intuit, Juniper Networks, Netscape, Lotus, LSI Logic, Sun
Microsystems, Symantec, Verisign and Xilinx. More than 150 of the firm's
portfolio companies have gone public. Many other ventures have achieved
success through mergers and acquisitions.

    The firm has offices in Menlo Park, California, Beijing, China and
Shanghai, China.




For further information:

For further information: Burson Marsteller (for KPCB) Jennifer Graham,
+1-415-591-4016 jennifer.graham@bm.com or Capital MS&L (for Generation
Investment Management) Richard Campbell, +44 (0) 20 7307 5334
richard.campbell@capitalmsl.com

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