The environments to raise money, Vinod Khosla recently closed a $1.05 billion fund and promised to use most of this cash to back startups that he believes will change the way the world consumes energy. Since 2004, when he started Khosla Ventures, the Sun Microsystems co-founder has displayed almost messianic zeal in his quest to find alternative energy companies that can displace the dominance of fossil fuels. Many of the companies he has backed have floundered and some are showing promise, but Kholsa says he is unfazed by failure because a single spectacular success can make up for a dozen flops.
In india he is trying to put together a model where he can do good and make money at the same. SKS Microfinance, the troubled microlender of which he was an early backer, made some mistakes but meddling by politicians really cost the company dear, he says. Here are edited excerpts from an interview with Archana Rai and Karthik Subbaraman.
Revolutionary Technologies Emerging:
We don't think we'll see Black Swans in wind. It's possible to see in solar, but unlikely. In
fuels--bio-fuels--we're already seeing Black Swans such as KiOR (a renewable energy company backed by Khosla Ventures which listed on the Nasdaq in June). They are already very much on the path to be cheaper, without subsidies, than deep off-shore drilling, which is the next marginal cost of oil.There are going to be Black Swan technologies in LED lighting.
The Range Of Solutions Replace Oil:
One would like to see a range of solutions. Electric cars are toys. They're for rich San Franciscans and rich Germans. They don't make sense for normal people. They're too expensive. What is important is cheap cars. If you add $10,000 worth of batteries to a car, it's silly. But that what every electric car does, and environmentalists keep pushing it. One of the fundamental problems is environmentalists keep pushing solutions to the press, such as solar cells and electric cars that make no economic sense.
The Invested In SKS Microfinance:
I regret that the politicians are screwing up one of the most valuable services that people below the poverty line had in decades. Did SKS do
everything right? No. They should've paid a lot more attention to their clients, just like any good brand manager. You can't be a brand manager for Disney, selling products to kids and allow some adult or porn thing to show up. That's bad practice. They ruined their brand.
Read More:
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In india he is trying to put together a model where he can do good and make money at the same. SKS Microfinance, the troubled microlender of which he was an early backer, made some mistakes but meddling by politicians really cost the company dear, he says. Here are edited excerpts from an interview with Archana Rai and Karthik Subbaraman.
Revolutionary Technologies Emerging:
We don't think we'll see Black Swans in wind. It's possible to see in solar, but unlikely. In
fuels--bio-fuels--we're already seeing Black Swans such as KiOR (a renewable energy company backed by Khosla Ventures which listed on the Nasdaq in June). They are already very much on the path to be cheaper, without subsidies, than deep off-shore drilling, which is the next marginal cost of oil.There are going to be Black Swan technologies in LED lighting.The Range Of Solutions Replace Oil:
One would like to see a range of solutions. Electric cars are toys. They're for rich San Franciscans and rich Germans. They don't make sense for normal people. They're too expensive. What is important is cheap cars. If you add $10,000 worth of batteries to a car, it's silly. But that what every electric car does, and environmentalists keep pushing it. One of the fundamental problems is environmentalists keep pushing solutions to the press, such as solar cells and electric cars that make no economic sense.
The Invested In SKS Microfinance:
I regret that the politicians are screwing up one of the most valuable services that people below the poverty line had in decades. Did SKS do
everything right? No. They should've paid a lot more attention to their clients, just like any good brand manager. You can't be a brand manager for Disney, selling products to kids and allow some adult or porn thing to show up. That's bad practice. They ruined their brand.Read More:
Get Latest News: Science News
Related News: Sports News
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