NYT: "Mr. Doerr and Mr. Moritz have turned the $11 million to $12 million they each paid in June 1999 for 10 percent states in Google into $3 billion. That translates into a payoff of roughly 250 to 1 in five years. That is good news for all the pension funds, university endowments and rich people who invested money with Kleiner Perkins and Sequoia, but it is especially good news for partners in the two firms. The firms will receive 30 percent of the value of their stakes in Google before distributing shares to their investors. Based on the current worth of Google, that amounts to $900 million for the partners working at each firm.

Of course, not all partners are equal. There are emeritus partners and junior partners and partners who receive only a salary. Six to 10 partners at each firm will split most of the profits: Mr. Doerr and Mr. Moritz are likely to receive at least $100 million each."