Khosla Ventures related stories
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Reuters Exclusive: Khosla Loses 2 Partners; Alex Kinnier to Do Startup, Jim Kim's Plans Unknown(Reuters) - Partners Jim Kim and Alex Kinnier will depart Khosla Ventures Aug. 15, leaving the firm short of two partners just months after it said it was raising a $1.05 billion fund, Reuters has learned. Both specialized in renewable energy, a focus of Khosla Ventures, but one that has been slow to reap big returns. Kinnier will start his own company, a move founding partner Vinod Khosla called "standard." It was unclear what Kim intends to do upon leaving the venture capital house, which has backed Jawbone-headset makers Aliph and biofuels company Kior. "Junior folks join for three years typically and then start companies," he wrote to Reuters in an email. "We have our core set of five partners and though we don't preclude junior partners becoming senior partners, we expect the majority of them to leave to
- On Deck Seals $4M in Series C
On Deck, a technology platform that helps small businesses secure loans, has raised $4 million in follow-on Series C funding, bringing the round to $19 million. New York-based SF Capital Group provided the additional funding. The company will use the money to bolster sales and marketing. On Deck’s other backers include SAP Ventures, Contour Venture Partners, First Round Capital, Khosla Ventures, RRE Ventures and Village Ventures.
- CalPERS Sees Mixed Results from Brand Names
As the pension giant shows some recent apprehension over investing in VC, troubled funds date to 2005 and before
- Jawbone Closes $70M
San Francisco-based Jawbone has raised a whopping $70 million from "investors advised by J.P. Morgan Asset Management," the company said in a written release Tuesday. Jawbone, which makes mobile products including intelligent Bluetooth-enabled headsets and speakers, has raised roughly $170 million to date. The company is also backed by investors including Khosla Ventures, Mayfield Fund, Sequoia Capital and Andreesen Horowitz.