Venture capital legend Vinod Khosla launches $1.1 billion green fund


If conventional wisdom mattered, super venture capitalist Vinod Khosla could not have picked a worse time to launch a massive venture capital fund focused on extremely risky green technology investments. Yet Khosla, a VC legend in Silicon Valley, not only pulled it off but ended up money away, according to the New York Times.

In fact, many of Khosla's investors are gun-shy state pension funds, still smarting from nasty losses suffered in venture capital and private equity placements that went horribly wrong in the economic meltdown of the past two years.

Originally published