Venture-capital firm Khosla Ventures announced Tuesday that it had raised more than $1 billion in two new funds–the first time the firm has raised funds from outside investors instead of just investing the money of its founder, Vinod Khosla, a longtime venture capitalist and a founder of Sun Microsystems. Khosla Ventures is putting two thirds of the money towards clean technology investments. But what about tech?
Vinod Khosla emphasized several times Thursday that costs–and not idealogy–will drive the clean technology industry, and said that much of the hype around cleantech is fueled by misunderstood information.
How do you know when one of the world’s most respected investment firms has veered off path and bet wrong? That’s the crux of the question raised by a piece in this month’s Fortune magazine, entitled “Kleiner bets the farm” …
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