Khosla Bucks Sluggish Venture Capital Market. By Danny Bradbury, BusinessGreen, September 2, 2009. "Silicon Valley-based venture firm Khosla Ventures has created two funds totalling more than a billion dollars in its bid to accelerate high-risk clean tech research... The company is particularly interested in early-stage university-level research and development projects, and is taking an extremely aggressive funding stance. Founder Vinod Khosla has been quoted as saying that he expects many of his investments to fail... Khosla, who co-founded IT giant Sun Microsystems and also worked as a general partner at VC firm Kleiner Perkins Caufield & Byers, has already established himself as one of the world's leading green technology backers, having previously invested up to $400m of his own cash in clean tech ventures. But the new funds represent the first time that the company has raised money from outside investors."
2009-09-06
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