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September 1, 2009: Venture Capitalist to Invest $1 Billion in Clean Tech Startup

2009-09-01

One of the most active investors in clean energy technology, venture fund manager Vinod Khosla, says he has raised $1 billion for two funds, much of the money from outside investors, that will be used primarily to fund cleantech startup businesses. One firm joining Khosla in the investment is CalPERS, the California pension fund, which intends to invest $60 million into an early-stage clean technology fund. Khosla Ventures is also being joined by former Facebook executive Gideon Yu; former fund manager Jim Kim, who also has a background in clean technology; and Pierre Lamond, the co-founder of National Semiconductor and a partner at Sequoia Capital. [GigaOm, 9/1/2009]