Valleywag
politics
Posts Tagged “
Vinod Khosla
”
politics
Britney Spears, Perez Hilton and Vinod Khosla walk into a courtroom
Venture capitalist Vinod Khosla of Kleiner Perkins was sued by prison inmate Jonathan Lee Riches, who wanted $43 million from Khosla because "Khosla’s fund invests in prison buildings," among other concerns. Riches has also sued former Giants slugger Barry Bonds and hundreds of other celebrities, inspiring Khosla to quip, "Well, there is at least one thing I have in common with Britney Spears and Perez Hilton now." [Private Equity Hub] (Photos by AP/John Raoux, Rolando Aviles, Jack Plunkett)
cleantech
Bill Gates divesting from Pacific Ethanol at a loss
Cascade Investment LLC, the fund managed by Microsoft chairman Bill Gates, has made good on its November promise to exit from its investment in Pacific Ethanol. What's surprising? He's doing it at a loss, converting his preferred shares to common shares worth $8 apiece and selling them for less than $4 apiece. With 1.4 million shares sold in three days, that's a loss of over $5 million. Pocket change for Gates, certainly, but in almost halving his original 20 percent stake it's a strong vote of no confidence in the ethanol business. While Accel Partners Joe Schoendorf has said that "a good way to lose money is to bet against Vinod [Khosla]" who's been bullish on ethanol, I'm going to side with Gates on this one.
d6 live coverage
CARLSBAD, CA — Who are those cool cats in sunglasses at D6? Why, it's Jim Breyer of Accel Partners, a board member at Facebook, lunching with Wendi Murdoch, wife of the News Corp. CEO and chairwoman of MySpace China. Also at the table: Martha Stewart, seen here to the left; Vinod Khosla of Khosla Ventures; and Anne Wojcicki of 23andMe.
Facebook board member lunches with Mrs. Rupert Murdoch
CARLSBAD, CA — Who are those cool cats in sunglasses at D6? Why, it's Jim Breyer of Accel Partners, a board member at Facebook, lunching with Wendi Murdoch, wife of the News Corp. CEO and chairwoman of MySpace China. Also at the table: Martha Stewart, seen here to the left; Vinod Khosla of Khosla Ventures; and Anne Wojcicki of 23andMe.
quotable
Vinod Khosla gave Brazilian slave-labor employers a thumbs-up
When asked about his his $200 million investment in an ethanol startup in Brazil, where corruption is rife, labor standards lax and the environmental track record abysmal, investor Vinod Kohsla replied, "We have a very professional management team." Those responsible for actually cutting the cane might tend to disagree after being subjected to inhuman working conditions which some activists describe as "slave labor."
cleantech
Vinod Khosla's Brazilian ethanol venture uses slave labor, just like most Valley startups we know
The Brazil Renewable Energy Company, or Brenco, was the target of the Brazilian Labor Ministry's slave-labor investigation unit last month. Brenco produces ethanol from sugarcane, which is more carbon-efficient than corn-based ethanol but incredibly labor-inefficient — cane farming is some of the hardest work on Earth. How did the company, backed in part by Vinod Khosla's VC firm, address this inefficiency? By paying workers less than a dollar an hour, packing them cheek-to-jowl in substandard living conditions, preventing them from leaving the unsanitary housing on their free time, feeding them poorly, and (rather ironically for an ethanol manufacturer) banning alcohol. More »
failanthropy
Wikipedia receives $500,000 from another VC
Ordinarily, this would be good news: Vinod Khosla, the former Kleiner Perkins venture capitalist, and his wife Neeru Khosla, have donated $500,000 to Wikipedia's nonprofit parent, the Wikimedia Foundation. But founder Jimmy Wales's dalliances with other VCs — chiefly Roger McNamee and Marc Bodnick of Elevation Partners — have cast a shadow over every dollar the organization receives. Is this one of the $500,000 donations McNamee recently said he helped broker? And if so, what do he and Khosla expect to get in return? For starters, keep a close eye on Wikipedia's articles on ethanol, a major business interest of Khosla's. Wales, ordinarily Wikipedia's front man, makes no appearance in the press release, quoted below: More »
the sum of all human knowledge
While Wikipedia burns, Jimmy Wales and women in bikinis save "world on fire"
We were right: Wikipedia founder Jimmy Wales really did skip off to Richard Branson's Caribbean getaway in early March, even as a scandal unfolded over his governance of the world's most comprehensive list of gay animals. The powwow on Necker Island, which included Google's Larry Page, Tesla Motors chairman Elon Musk, former British prime minister Tony Blair, and VC Vinod Khosla, discussed global warming. Branson asked: "Is the world on fire?" More »
Vinod Khosla thinks all you Prius owners are on personal guilt trips. The venture capitalist likens it to giving money to "art museums instead of starving people [in Africa]." Ethanol and bio-fuels are better bets because the average consumer isn't willing to spend $5,000 to save a half ton of carbon per year. Neither is Khosla. [VentureBeat]
party report
ATHERTON — I'm told I left the party too early, but once Third Eye Blind started playing, Thursday night's iLike bash was pretty much over for me. Don't get me wrong — I like Third Eye Blind. It's right in tune with my utterly bland and more than slightly gay musical tendencies. But this is exactly why I will never, ever use a service like iLike, which makes a Facebook app that allows you to reveal your musical taste, or lack thereof, to your friends by posting songs, and find people with similar tastes by seeing who's going to concerts. Here's the thing: I know my taste in music is egregiously bad. I don't want to advertise the fact to the world, and if anything, I want to meet people who specifically dislike the music I listen to. That's all right, though — what I really wanted to listen to was the buzz in the room.
More »
iLike a good mustache, don't you?
ATHERTON — I'm told I left the party too early, but once Third Eye Blind started playing, Thursday night's iLike bash was pretty much over for me. Don't get me wrong — I like Third Eye Blind. It's right in tune with my utterly bland and more than slightly gay musical tendencies. But this is exactly why I will never, ever use a service like iLike, which makes a Facebook app that allows you to reveal your musical taste, or lack thereof, to your friends by posting songs, and find people with similar tastes by seeing who's going to concerts. Here's the thing: I know my taste in music is egregiously bad. I don't want to advertise the fact to the world, and if anything, I want to meet people who specifically dislike the music I listen to. That's all right, though — what I really wanted to listen to was the buzz in the room.
More »
dan farber
