Kepler's Keeps on Keeping On
Kepler's, the much-beloved Menlo Park, Calif., bookstore that closed suddenly August 31, continues to take steps to reopen.
Yesterday the store announced that it had formed a board of directors consisting of Clark Kepler and three community members who are highly representative of Silicon Valley: a senior Yahoo executive, a wireless tech company co-founder and a venture capitalist, each of whom have been enthusiastic Kepler's customers and will provide financial support and business expertise. Another board seat is being held open for someone who has experience in the book industry or publishing world.
The store has also formed a 17-person Patron's Circle, whose members will help provide financial support, reportedly $500,000. The Patron's Circle will form the core of Kepler's new membership program, which will be "multitiered" and include volunteers to help the bookstore.
The newly reconstituted Kepler's hopes to reopen by October, both because of the importance of holiday sales and to retain employees. In addition, the group wants to expand the membership campaign and hold a series of benefits as soon as possible.
A key part of the puzzle is the store's longterm lease. Kepler's continues to negotiate with the landlord, the Tan Group of Palo Alto; the store said it "faces hurdles" in this effort.
The new board consists of:
Yesterday the store announced that it had formed a board of directors consisting of Clark Kepler and three community members who are highly representative of Silicon Valley: a senior Yahoo executive, a wireless tech company co-founder and a venture capitalist, each of whom have been enthusiastic Kepler's customers and will provide financial support and business expertise. Another board seat is being held open for someone who has experience in the book industry or publishing world.
The store has also formed a 17-person Patron's Circle, whose members will help provide financial support, reportedly $500,000. The Patron's Circle will form the core of Kepler's new membership program, which will be "multitiered" and include volunteers to help the bookstore.
The newly reconstituted Kepler's hopes to reopen by October, both because of the importance of holiday sales and to retain employees. In addition, the group wants to expand the membership campaign and hold a series of benefits as soon as possible.
A key part of the puzzle is the store's longterm lease. Kepler's continues to negotiate with the landlord, the Tan Group of Palo Alto; the store said it "faces hurdles" in this effort.
The new board consists of:
- Clark Kepler, president, CEO and chairman.
- Daniel Mendez, co-founder and chief technology officer of Visto Corporation, which provides wireless technology. Mendez is the principal inventor of many patents for technology to provide cell phone users access to e-mail.
- Geoff Ralston, chief product officer at Yahoo, who was also an executive at Four11, which Yahoo acquired in 1997, Hewlett Packard and NetSMART.
- Bruce Dunlevie, general partner at Benchmark Capital, a venture capital firm.