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Vinod Khosla ramps up bet on cleantech

bloggingbuyouts has an article on Vinod Khosla's two newly raised cleantech funds. While other VCs have frowned on so-called science experiment investments that explored unproven and technically difficult technologies, Khosla sees these types of investments as a core function of venture capitalists that was somehow lost, according to the New York Times article. In addition, many Silicon Valley venture capitalists have turned their backs on cleantech investing, according to VentureBeat. Venture capitalists fear that cleantech companies generally require large amounts of startup capital. High-funding demands are a clear obstacle during a time of wholesale shrinkage in the VC sector. For his part, Khosla has not shied away from cleantech to date and, rather, has poured his own money into his own private investment fund. In that still running fund, Khosla pledges profits to charities. In the present fund, Khosla is looking for pure profits and is accepting limited partners -- that is,...