February 10, 2007

Venture Capital: Green-tech roundup: Khosla flies the coop and more
02.9.07 1:46 PM
Green activity continues at a torrid pace, from expansion by green investors like Vinod Khosla into bigger offices, to the embrace of green business models by struggling telecom companies. Are we getting a little heated?
Khosla finally leaves Kleiner nest — Vinod Khosla (pictured left), one of the most successful venture capitalists during the telecom boom of the late 1990s, split from venture firm Kleiner Perkins a couple of years to go out on his own, launching Khosla Ventures. Until now, though, he’d stayed in a back office of Kleiner Perkins’ digs on Sand Hill Road. Now, having hired several partners, and adding two more employees recently, Khosla is finally leaving — into bigger offices. He’s making way for Steve Westly, the former eBay exec and state Controller, who is taking over the back office with his new investment firm. All three — Kleiner, Westly and Khosla — are targeting green technologies.