Venture capital firm Khosla Ventures is raising $1 billion for its new fund, Khosla Ventures IV, an SEC filing reveals. From the looks of it, the new fund will be roughly the same size as the previous one (raised in September 2009).
The news comes a few weeks after former YouTube and Facebook CFO Gideon Yu left the firm after joining them less than two years earlier, to go work for the San Francisco 49ers.
The Menlo Park, California-based investment firm was founded in 2004 by Vinod Khosla, the iconic co-founder of Sun Microsystems and former general partner of Kleiner Perkins Caufield & Byers, and focuses on investments in early stage companies in the Internet, computing, mobile, silicon technology and cleantech industries.
Portfolio companies include Square, Jawbone, BOKU, Hunch, GroupMe, Meebo and Xobni.
I’ve contacted Khosla Ventures for more information, but haven’t heard back yet.
In the meantime, here’s an awesome piece of text from their website, which you may find inspirational:
Change depends on unreasonable people. Don’t assume–analyze. Brutal honesty trumps hypocritical politeness. Have courage. Build companies instead of cutting deals.
Thrive on technological risk. Ignore the nonsense of conventional wisdom. People matter. Care about genuine issues: a healthy environment. Sustainable power. Free information. Go for GREAT, not just good. Be willing to fail but aim for revolutionary success.
Related reading material from past years:
Vinod Khosla, Risk Junkie
Interview: Vinod Khosla Is On The Hunt For Great Technologies
Vinod Khosla: New CEOs Should Spend More Than 50% Of Their Time Recruiting (TCTV)
Khosla Ventures is a venture capital firm started in 2004 by Vinod Khosla, Co-Founder of Sun Microsystems. The firm focuses on environmentally friendly technologies in addition to the traditional venture areas such as the Internet, computing, mobile and silicon technology arenas.
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