WANTED: GREEN MONEY
While other venture capitalists shy away from "clean-tech" investments, Vinod Khosla is stepping on the gas. His Khosla Ventures said on Sept. 1 that it's raising about $1.1 billion to invest in green energy, sustainable materials, and energy-related information technologies. A $275 million fund will put small sums into early-stage ideas, and an $800 million fund will inject up to $15 million into seedlings that are further along.
Copyright 2009 BusinessWeek
