Major Silicon Valley Players Invest $250 Million in Social Networking - msnbc.com
Love social media? Need money? If so, some serious backers are offering some serious cash for your ideas. Silicon Valley venture capital firm Kleiner Perkins Caufield & Byers announced a new $250 million fund to push entrepreneurs to develop business ideas

John Doerr's quarter-billion dollar bet on the future of social - Fortune Tech
Kleiner Perkins thinks we're in a third wave of technology. Doerr, Zuckerberg, Bezos and Pyncus are throwing a "party" with a the new $250 million sFund, in order to ride it. The last time venture capitalist John Doerr opined that a technology wave was

Facebook Lobbied to Kill Social Networking Privacy Act - YAHOO!
Between April and June of this year, Facebook reportedly spent more than $6,600 lobbying California state officials to kill the Social Networking Privacy Act. The bill in question aimed to impose civil penalties on social networks displaying home addresses