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.
From 2007-2010, the three co-founders were the most senior technology and product team members at Hulu and were directly responsible for the Hulu website, the backend infrastructure, the desktop app, the mobile app, the social features, and more.
Erly currently has 8 team members and is located in two offices in Palo Alto, CA and New York City. Erly’s first product is expected to launch in the next several weeks and users can sign up today for the beta at Erly.com.
Details about Erly are sparse, and the site simply lists as a tagline “Your life, simply interesting.” Considering the experience that Feng and his co-founder have in online video, perhaps Erly will also dabble in the social video space. But that’s purely speculation. We’ll be sure to let you know when we find out more about Erly!