27 Sep '11, 6pm

Vinod Khosla on Innovation and Startups in Greentech

Vinod Khosla appeared at San Francisco City Hall at an AlwaysOn GoingGreen Event today. He gave his pronouncements on innovation and his portfolio firms: If you're not afraid of failure, it frees you up to succeed. Khosla Ventures' portfolio firm KiOR started with a call from Belgium during which the caller told him that "everything you're doing in ethanol is wrong." Within two weeks they had a signed term sheet. The firm uses an old oil industry process and claims it can make a synthetic version of petroleum out of wood and farm waste. Khosla Ventures owns approximately 50 percent of the company, which is now worth $2 billion, and Khosla Ventures "has made over a $1 billion in profit" across their biofuel portfolio. Khosla offers that fact to those like Peter Thiel who say that cleantech investing is a disaster . Only small companies do impressive things, according to Kho...

Full article: http://www.greentechmedia.com/articles/read/vinod-khosla-...

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