In 1972 he joined Hewlett-Packard veteran Tom Perkins to found Kleiner Perkins, the venture capital firm now headquartered on Sand Hill Road.
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But Shockley's strange behavior would compel the so-called 'traitorous eight': Hoerni, Julius Blank, Victor Grinich, Eugene Kleiner, Jay Last, Gordon Moore, Robert Noyce and Sheldon Roberts, to leave his laboratory and create the Fairchild Semiconductor corporation.