In 2012, Ellen Pao, a partner at the Kleiner Perkins Caufield & Byers, sued the venerated venture capital firm for sexual harassment and discrimination. It was a more cloistered time and the allegations were shocking, creating a fissure in Silicon Valley's self-image and spurring a wider discussion about sexism in the tech industry.

Earlier today, the Wall Street Journal broke the news that Yahoo, the corporate equivalent of Remember the 90's is "close" to investing in Snapchat, the fratty harbinger of our ephemeral future, at a $10 billion valuation. A source told Valleywag the amount Yahoo is investing is only $20 million and that the deal has closed.

Snapchat is joining the ranks of startups "worth" $10 billion. According to the Wall Street Journal, Kleiner Perkins is investing $20 million into the ephemeral messaging app. That cash infusion gives the company a new 11-digit valuation, despite lacking "a clear business model."

Tom Perkins made himself a symbol of Silicon Valley tone-deafness earlier this year. He infamously declared the Bay Area's resistance to one percenter techies was akin to the Nazi's war on Jews. But he seems to have come around to the tech detractors' point of view.

SXSW has morphed into spring break for marketers, but Secret and its investors are working real hard to #win it anyways. The same hour that the app launched a feature to see anonymous confessions nearby, the Journal says Secret will raise $10 million at a $40 million valuation. It launched 5 weeks ago.

Billionaire bachelor Rupert Murdoch may be in the market for a fourth wife. The 82-year-old mogul escorted Kleiner Perkins partner Juliet de Baubigny to Vanity Fair's Oscar party last night, posing for photos with his arm around the 44-year-old Silicon Valley investor.

This column was originally published in VentureBeat by editor-in-chief Dylan Tweney and is reprinted here with permission. When Kleiner Perkins cofounder Tom Perkins wrote on Friday that a "progressive Kristallnacht" is coming, reaction was swift and severe.

Silicon Valley could not scramble away from Tom Perkins fast enough this week, after one of the founding fathers of venture capital tried to compare class tension directed at San Francisco's 1 percent with what's now basically considered the beginning of the Holocaust.

Tom Perkins, the self-proclaimed "King of Silicon Valley," went on Bloomberg TV to apologize for, but then try to legitimize the offensive letter to the editor he recently wrote to the Wall Street Journal. How does the 1 percent defend itself? By bragging that it could buy a six-pack of rolexes.

Silicon Valley has never been known for its appreciation of subtleties. Case in point: eminent venture capitalist Tom Perkins, who co-founded mega-firm Perkins Caufield & Byers, just wrote one of the most disgustingly tone deaf statements on class tensions we've ever seen.

"After the thermostat, we're going to reimagine every unloved product in people's lives." That's the "key" single line in Nest's pitch deck that got Kleiner Perkins to invest. Four years later, Google acquired the company for $3.2 billion. Keep spinning that carousel, Don Drapers.

First they came for the perks. Quirky, the product development startup that raised $68 million last September, just sent out a memo delaying the week off it promised employees in October until Thanksgiving. Between that and laying off its chief revenue officer, we're sure the "damn good party (and talent show!)" consolation prize will be a boozy affair.

Mary Meeker, the former securities analyst for Morgan Stanley who managed to evade the "grisly ends" met by fellow dotcom hype men like Henry Blodget, peddled some dubious misinformation in her latest annual report, earnestly studied by industry insiders as the "Internet Trends bible."