Insider Trading: Google stock enriches VC Doerr

SINCE 2004 IPO, SHARE SALES HAVE TOTALED 1.1 MILLION

By Chris O'Brien
Mercury News

Much of the attention that venture capitalist John Doerr has drawn in recent months has focused on his environmental advocacy and investment in "green" technologies. But thanks to his investment in search engine powerhouse Google, Doerr in recent months has been quietly amassing the kind of green that Silicon Valley has traditionally favored.

Doerr, a partner at Kleiner, Perkins, Caufield & Byers, was one of the early backers of Google, an investment that has added to Doerr's legend of spotting big tech winners. His roster has included Amazon.com, Sun Microsystems and Intuit.

Since Google held its initial public offering of stock in 2004, Doerr, who sits on the board of directors, has sold 1.1 million shares to collect $423.2 million. Those sales included 242,550 shares sold for $98.1 million that Doerr controlled indirectly on behalf of KPCB and its clients.

Read more here.