The venture capital space has produced lacklustre average returns for the past decade, but Menlo Park-based Khosla Ventures is hoping to change all this with its freshly raised $1 billion investment pot.
Khosla closed two funds in recent weeks. Established by Sun Microsystems founder Vinod Khosla, the firm collected $250 million for its Khosla Ventures Seed fund for investments in the earliest stage of projects. The firm also secured $750 million for Khosla Ventures III, which is targeting early and mid-stage investments.
The two funds were backed by some big-name pensions in the US, including the California Public Employees’ Retirement System, which committed $200 million to anchor Khosla’s funds.
VENTURE RETURNS: LONG TERM GOOD, SHORT TERM BAD
| US venture capital performance has notably declined in recent years | |
| End-to-End | |
| Pooled Mean Net | |
| Period | to Limited Partners (%)* |
| One Quarter | (2.87) |
| One Year | (17.49) |
| Three Year | 1.31 |
| Five Year | 5.80 |
| Ten Year | 26.16 |
| Fifteen Year | 34.23 |
| Twenty Year | 22.49 |
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