Vinod Khosla: One Fund Down, One to Go
Last fall, we reported that Vinod Khosla was in talks with CalPERS to raise up to $640 million to help finance his predilection for capital-intensive clean technologies. Tonight, Forbes reports that Khosla is about to announce not one but two new funds backed by outside investors, including a $250 million number for early-stage investments and a $750 million fund for later-stage deals. According to the magazine, one fund has closed already and the other will be finalized soon, possibly within days. Khosla, the Sun Microsystems co-founder, superstar venture capitalist and, in recent years, alternative energy advocate, has been investing out of his own pocket since forming Khosla Ventures in 2004. The firm has backed roughly 80 companies across a range of stages, most in clean tech.
