Sun Microsystems co-founder uses $1.1B funds to finance energy efficiency 

From Todd Woody at Grist: He(Vinod Khosla) is something of a Valley legend:  Co-founder of Sun Microsystems, then a longtime tech investor with marquee venture capital firm Kleiner Perkins Caufield & Byers and now head of Khosla Ventures, which he started in 2004 to invest in green tech startups. Khosla and his partners had been investing their own money, but earlier this month the firm announced it had raised $1.1 billion for two funds—one of which is the largest first-time fund in a decade. It’s not the size of Khosla’s fund but what he intends to do with it that should command your attention. In short, he wants to take the green out of green investing and globalize the bottom line. Khosla is funding at least five startups focusing on mechanical efficiency, developing everything from circuit boards to more efficiently control a car’s systems to better fuel injection systems. Another 10 companies—with names like Kaai, Ramu and Sakti3—are working on electrical efficiency. Read more

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