• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

Despite a $500 million net worth, Shaq just finished his fourth degree. He warns graduates: 'Your character will take you further than your resume'

2

Bolt CEO says he let go of his entire HR team for creating problems that didn’t exist: ‘Those problems disappeared when I let them go’ 

3

Pay transparency is exposing a bigger problem: Most companies can't explain why they pay what they pay

1

Despite a $500 million net worth, Shaq just finished his fourth degree. He warns graduates: 'Your character will take you further than your resume'

2

Bolt CEO says he let go of his entire HR team for creating problems that didn’t exist: ‘Those problems disappeared when I let them go’ 

3

Pay transparency is exposing a bigger problem: Most companies can't explain why they pay what they pay
TechKleiner Perkins

At Kleiner Perkins sexism trial, it’s all about ‘thought leadership’

By
Kia Kokalitcheva
Kia Kokalitcheva
Down Arrow Button Icon
By
Kia Kokalitcheva
Kia Kokalitcheva
Down Arrow Button Icon
March 23, 2015, 1:49 PM ET
JOHN DOERR, JOHN DENNISTON, ELLEN PAO
Venture capitalist John Doerr, middle, poses for a portrait with partners John Denniston, left, and Ellen Pao outside of their office in Menlo Park, Calif., April 4, 2006. Doerr is betting on an emerging sector known as clean technology with plans to devote $100 million to green technologies that help provide cleaner energy, transportation, air and water. (AP Photo/Marcio Jose Sanchez)Photograph by Marcio Jose Sanchez — AP

If there’s one thing aspiring venture capitalists can learn from the ongoing sexism trial against investment firm Kleiner Perkins, it’s that they must be thought leaders to succeed.

At least that’s how it seems after four weeks of testimony in San Francisco Superior Court during which witnesses have cited “thought leadership” more than anything else. They opined about its importance in attracting the brightest entrepreneurs to the firm. They detailed how it factors into promotions. One investor went so far as to describe his colleagues as “thought partners.”

It’s an odd preoccupation in a trial that is ostensibly about whether Ellen Pao, a former Kleiner Perkins partner, faced a discrimination and then retaliation after ending a brief affair with a colleague. Kleiner denies the accusations and says Pao, who is now interim CEO of online forum Reddit, just wasn’t good at her job, in part because she failed to be a “thought leader.”

Closing arguments in the case are expected to start as soon as Tuesday.

But what makes for a good thought leader is fuzzy. Every partner at the firm who testified had a different and usually vague definition.

In general, thought leadership is tech industry jargon for people who are well-known experts in a subject. The role usually involves a lot of self-promotion through tweeting, blogging and speaking at Silicon Valley’s endless stream of conferences, where the digerati go to schmooze and glean insight from thought leaders, of course.

Whatever the case, partner after partner have told the jury that it takes thought leadership to be a successful investor. Because Pao lacked it, she was unqualified for her job and therefore deserved her firing in 2012.

Mary Meeker, a senior partner at Kleiner, talked about thought leaders on the stand when discussing how partners find great start-ups to invest in. It takes more than mere talk, she explained.

“Thought leadership is backed up by substance,” Meeker said. “You don’t just know how to get the car down the road, you know how the engine works.”

Meeker, who is a semi-celebrity in tech circles and, by all accounts, a genuine thought leader, publishes a well-read annual report about Internet trends. She also occasionally appears on the conference circuit to give rapid-fire run-downs about what she thinks will be the next big thing.

Senior partner Wen Hsieh used his own flavor of ambiguity when he, too, was asked to define the ambiguous term. He said it was a deep understanding of an industry and that it helps with predicting trends.

“Usually you have to know something about something,” he said.

Matt Murphy, another senior partner at Kleiner Perkins, repeatedly wrote in Pao’s performance reviews that she’d have to start demonstrating thought leadership to impress the firm’s management and keep her job. Kleiner eventually put on her on notice and gave her 60 days to show improvement, including gaining some serious thought leadership.

But despite emphasizing the importance of thought leadership during his testimony, Murphy had trouble detailing what he exactly meant. The closest he came to a concrete example was to say it involved writing reports and making presentations to the firm’s partners.

Either confused or intrigued, the jury wanted to know more about this notion of thought leadership. A member of the six-man, six-woman panel submitted a written question to the judge, who read it out loud in court to Murphy.

“How long does it take to become a thought leader?” the juror wrote. “Can it be learned? Can it be taught? Is it possible not to become one after many years?”

Murphy did little to answer the riddle, responding cryptically that “being a thought leader is more about the initiative than anything.” It was unclear whether the juror was satisfied with the answer.

The “thought leader” term has become such a mantra in the trial that the gallery – made up mostly of journalists – breaks in suppressed giggles every time it’s mentioned. To be fair, the trial features a torrent of venture capital buzzwords like “board buddy,” “adding value,” and “junior implementer.”

Whatever the case, one is thing is certain: Thought leadership is one of the pillars of venture capital. If you’re a venture capitalist with thought leadership, whatever it is, you’ve got job security. If not, then you better get it.

About the Author
By Kia Kokalitcheva
See full bioRight Arrow Button Icon

Latest in Tech

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in Tech

Elon Musk puts one hand to his chin and he looks up. He is in front of a blue "World Economic Forum" background.
InvestingSpaceX
‘SpaceX is his new baby at the expense of Tesla’: Elon Musk’s IPO could be bad news for his EV maker, investors warns
By Sasha RogelbergMay 21, 2026
3 hours ago
matthew prince
AILayoffs
Cloudflare posted record revenue, then cut 20% of its workforce. CEO Matthew Prince says AI has made an entire category of workers obsolete
By Jake AngeloMay 21, 2026
3 hours ago
Prakash Arunkundrum, HP’s first-ever chief strategy and transformation officer, bets edge AI will ‘bring the token cost down’
AIConsumer electronics
Prakash Arunkundrum, HP’s first-ever chief strategy and transformation officer, bets edge AI will ‘bring the token cost down’
By Angelica AngMay 21, 2026
3 hours ago
malaysia
CybersecuritySocial Media
Malaysia slams ‘grossly offensive, false, menacing and insulting’ TikTok memes about its king
By The Associated PressMay 21, 2026
5 hours ago
Meta laid off 10% of its workforce as Mark Zuckerberg warns that in the AI race ‘success isn’t a given’
AILayoffs
Meta laid off 10% of its workforce as Mark Zuckerberg warns that in the AI race ‘success isn’t a given’
By Marco Quiroz-GutierrezMay 21, 2026
5 hours ago
bock
Cybersecurityfraud
Minnesota fraudster at center of $250 million scam, controversial ICE crackdown sentenced to 42 years
By Tim Sullivan and The Associated PressMay 21, 2026
6 hours ago

Most Popular

Despite a $500 million net worth, Shaq just finished his fourth degree. He warns graduates: 'Your character will take you further than your resume'
Success
Despite a $500 million net worth, Shaq just finished his fourth degree. He warns graduates: 'Your character will take you further than your resume'
By Preston ForeMay 20, 2026
1 day ago
Bolt CEO says he let go of his entire HR team for creating problems that didn’t exist: ‘Those problems disappeared when I let them go’ 
Workplace Culture
Bolt CEO says he let go of his entire HR team for creating problems that didn’t exist: ‘Those problems disappeared when I let them go’ 
By Preston ForeMay 19, 2026
2 days ago
Pay transparency is exposing a bigger problem: Most companies can't explain why they pay what they pay
Workplace Culture
Pay transparency is exposing a bigger problem: Most companies can't explain why they pay what they pay
By Sydney LakeMay 20, 2026
1 day ago
Jeff Bezos wants the bottom half of earners to pay zero income tax—he says nurses making just $75K should save $12K a year
Success
Jeff Bezos wants the bottom half of earners to pay zero income tax—he says nurses making just $75K should save $12K a year
By Preston ForeMay 21, 2026
9 hours ago
Meet a 21-year-old community college student who's going to China as the first American woman welder in the trades Olympics
Future of Work
Meet a 21-year-old community college student who's going to China as the first American woman welder in the trades Olympics
By Mike Householder and The Associated PressMay 17, 2026
4 days ago
Dr. Bernice King on why companies that walked back DEI were never truly committed: 'If you retreat that quick…that reveals who you really are'
Workplace Culture
Dr. Bernice King on why companies that walked back DEI were never truly committed: 'If you retreat that quick…that reveals who you really are'
By Preston ForeMay 19, 2026
2 days ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.