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October 14, 2011 01:41 am GMT
There may or may not be a cash crunch in Silicon Valley, but if you are Vinod Khosla you don't have to worry about it. His venture firm Khosla Ventures just closed a new $1 billion fund (Khosla Ventures IV), which we first reported was in the works last May. (He raised $1.05 billion, to be exact). His portfolio is half cleantech and half Internet/mobile, and he plans on keeping it that way.Top tier firms like Khosla Ventures have the luxury of raising huge funds. The limited partners who invest in venture funds are narrowing their investments to the top 20 percent of firms who produce nearly all the profits. "We have generated close to $1 billion in profits," Khosla tells me, referring to the returns across all of his funds so far. It was only two years ago that he raised $1.1 billion for Khosla Ventures III and a smaller seed fund. "Third-tier VCs are not getting funded," he notes. "The number of active VCs is actually going down."
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/tZyUWcajoHM/
What Cash Crunch? Khosla Ventures Closes Another $1 Billion Fund
There may or may not be a cash crunch in Silicon Valley, but if you are Vinod Khosla you don't have to worry about it. His venture firm Khosla Ventures just closed a new $1 billion fund (Khosla Ventures IV), which we first reported was in the works last May. (He raised $1.05 billion, to be exact). His portfolio is half cleantech and half Internet/mobile, and he plans on keeping it that way.Top tier firms like Khosla Ventures have the luxury of raising huge funds. The limited partners who invest in venture funds are narrowing their investments to the top 20 percent of firms who produce nearly all the profits. "We have generated close to $1 billion in profits," Khosla tells me, referring to the returns across all of his funds so far. It was only two years ago that he raised $1.1 billion for Khosla Ventures III and a smaller seed fund. "Third-tier VCs are not getting funded," he notes. "The number of active VCs is actually going down."Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/tZyUWcajoHM/
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