Khosla Ventures Raises $1.1 Billion For 2 New Funds
Vinod Khosla, the founder of Khosla Ventures and co-founder of Sun Microsystems has raised $1.1 billion for his venture firm. About $800 million will be going to Khosla Ventures III and $275 million will go to a new seed fund.
Altogether $1.1 billion is the largest that a venture firm has raised in the last 10 years. This is also the first time that Khosla Ventures raised money externally. One of the biggest partners in this round of funding is CALPERS (the California state employees retirement fund).
The previous rounds of Khosla Ventures were provided by Vinod Khosla himself. Khosla founded the venture firm in 2004 and now the company has 8 partners. Gideon Yu was recently hired as a General Partner at Khosla. Before that he was the CFO of Facebook.This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at +AmitChowdhry