Kleiner Perkins is announcing a new investment this morning in stealth company Erly. Interestingly, Eric Feng, newly appointed partner at KPCB and previously founding CTO of Hulu, is starting the new new social company with two other former Hulu employees, Eugene Wei and Andrew Lin, who were previously Head of Product and Head of Engineering at Hulu, respectively. Feng, who just joined the venture firm over the summer as a partner investing in greentech and is also a tech advisor to former Vice President Al Gore, will be leaving Kleiner Perkins to serve as CEO of Erly. Kleiner Perkins partners Chi-Hua Chien and John Doerr will join Erly's board of directors. Kleiner declined to reveal the exact amount of the investment. Source: http://feedproxy.google.com/~r/Techcrunch/~3/Jen8z_NaKek/
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