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From Capitol to Capital

Former Secretary of State Colin Powell has joined VC firm Kleiner Perkins Caufield & Byers as a part-time partner. Powell will coach new business leaders and consult on international affairs.

Is Powell’s hire an indication of the continuing importance of smart money? Does the fact that Kleiner Perkins has also hired five additional partners so far this year point to a Silicon Valley resurgence or VC renaissance?

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