AllThingsD » cleantech

What Bad Economy? Three Big Silicon Valley VCs Poised to Haul in $2B in New Fund Raising.

Kara Swisher — Thu, 08 Sep 2011 13:15:21 +0000

Three of Silicon Valley’s more prominent venture firms — Khosla Ventures, Redpoint Ventures and the Founders Fund — are nearing the closing of new funds that will total almost $2 billion.

This despite a bad economy, turbulent markets and lackluster venture returns of late. That said, limited partners looking for an investment edge apparently seem to still be adding more dough to the VC kitty.

Sources familiar with the fundings, in fact, said the raises have been much easier than previous ones.

Khosla has raised almost $2.4 billion since 2009, including $1.3 billion in 2010. Its fourth is now nearly completed, at just under that, which the firm had previously signaled in regulatory filings it planned to raise.

The third fund has been spent on cleantech companies, but also on early-stage high-profile Internet start-ups such as Square.

Redpoint will focus its fund — which sources said was $400 million — on growth opportunities.

Its last fund in 2010 was $400 million, too. It has invested that money in start-ups, such as Jumptap, Kabam and Pure Storage.

Lastly, the Founders Fund — with high-profile partners Peter Thiel and Sean Parker — is aiming at a $350 million fund with a $150 million “cushion” to raise more. Its last fund of $250 million was raised last year.

Founders Fund has recently made investments in Path, Azumio and Topsy.

General Catalyst Heads West, to Find Some Young Men and Women to Fund

Liz Gannes — Wed, 24 Nov 2010 08:01:01 +0000

Go West, East Coast VC?

In fact, the 10-year-old venture capital firm General Catalyst Partners is moving out two of its partners from Cambridge, Mass., to Palo Alto, Calif.–just in time to avoid the Boston winter.

On Tuesday, I met up with Neil Sequeira, a managing partner at the firm, who arrived in town a few months ago and is focused on the social Web and new media.

Sequeira said his fellow managing partner Hemant Taneja, who invests in cleantech companies, will be joining him out here soon.

Sequeira’s kids are too young to be in school, he’s from the Bay Area and none of his portfolio companies are based in Boston, so for him it was a relatively easy move.

General Catalyst’s Palo Alto office will soon have 11 people, up from no presence whatsoever a year ago. Sequeira and Taneja account for about a third of the core partnership of the small VC firm.

Sequeira, whose investments include the Internet television delivery company Boxee and the social media marketing company Vitrue, recently had two of his companies sold–Hot Potato to Facebook and ScanScout to Tremor Media– so he’s looking to find a few more board seats to occupy.

He said General Catalyst was happy with its two-x return on selling Hot Potato to the social networking giant shortly after it invested. But to find the really big opportunities on the consumer Internet, the place to be is in Silicon Valley, he said.

I recorded a very quick interview with Sequeira in which he revealed he’s getting the hang of this Palo Alto VC thing pretty well: He’s already done a seed investment deal at the bustling Coupa Café, where we met up.

Here it is:

[ See post to watch video ]

Vinod Khosla on Why Clean Technology Is Misunderstood

Timothy Hay — Fri, 31 Jul 2009 14:05:52 +0000

Vinod Khosla emphasized several times Thursday that costs–and not idealogy–will drive the clean technology industry, and said that much of the hype around cleantech is fueled by misunderstood information.

Khosla, a legendary venture capitalist and one of the most active investors in cleantech through his firm Khosla Ventures, said some of the books that have helped generate buzz were “probably written by English majors who could not get a real job,” he said onstage at the AlwaysOn Summit at Stanford University.

The industry is far more scientifically dense and difficult to predict than many seem to believe, he said, so almost everything being about cleantech today should be taken with a grain of salt.

Read the rest of this post on the original site

Tesla Foiled

John Paczkowski — Fri, 17 Oct 2008 11:42:04 +0000

While $25 billion in low-cost federal loans keeps General Motors (GM), Ford (F) and Chrysler churning out SUVs through the econalypse, the wheels are coming off cleantech car company Tesla Motors. Without access to the same sorts of loans given its Detroit colleagues, the country’s leading electric car maker is delaying production of its Model S sedan, sacking an unspecified number of employees and shuttering two offices. “These are extraordinary times,” Tesla CEO Elon Musk wrote in post to the company blog. “The global financial system has gone through the worst crisis since the Great Depression, and the effects are only beginning to wind their way through every facet of the economy. It’s not an understatement to say that nearly every business will be impacted by what has unfolded in the past weeks, and this is true for Silicon Valley as well.”