July 13, 2005
Colin Powell bound for Silicon Valley – newspaper
WASHINGTON (Reuters) - Former Secretary of State Colin
Powell will join a Silicon Valley venture capital firm to work
with young executives on leadership and global business
development, the Washington Post reported on Wednesday.
The newspaper quoted Powell as saying he will join Kleiner
Perkins Caufield & Byers as a limited partner and travel to
California or teleconference from his Washington home to confer
with companies that receive seed funding from the firm.
Powell, 68, a retired four-star general and former chairman
of the U.S. Joint Chiefs of Staff, will be joining a firm that
has backed technology giants Amazon.com Inc., America Online
Inc., Sun Microsystems Inc. and Compaq Computer Corp.
Powell is particularly interested in health care, Internet
search engines, energy and networking ventures, and he wants
his work to "have a humanitarian aspect" by helping companies
bring their technologies to developing countries, the newspaper
Powell has some roots in technology, having served on the
board of America Online before its merger with Time Warner Inc.
The newspaper said Powell also plans to continue with other
business activities including lectures, but he told the Post he
has no plans to run for political office.