Zitat des Tages von Vinod Khosla:
Everybody else is afraid to fail. I do not really care because when I fail, I try something new.
New industries are created by entrepreneurs who don't necessarily have subject matter expertise when they get started, yet they are still responsible for most of the innovation we see in society.
The U.S. has fallen well behind Europe in recognizing climate change and the implications of climate change.
People over 45 basically die in terms of new ideas.
If everyone played it safe, we wouldn't get anywhere.
Photovoltaics are a great technology for certain applications, and, in fact, we invest in photovoltaic technologies. But they're not good substitutes for grid electricity.
Environmentalists get in the way. They often ask the right questions, but they're chasing the wrong answers - often hypothetical or uneconomic solutions.
Knowing whose advice to take and on what topic is the single most important decision an entrepreneur can make.
Our focus is not on exit. In fact if you talk to any of my entrepreneurs, I'm generally saying, 'Don't sell the company,' when other investors want to sell. I'd much rather focus on building long-term value in building companies rather than worrying about exits.
You take something like RingCentral. It doesn't need any more money or financing: it is relatively mature, recurring revenue business - not really worried - but you know, we could sell it tomorrow. We have not been in a rush to sell it. We don't care about exits as much. We care about building fundamental value.
If I collected all the diamonds in the world, I'd have no 'income' but I'd have a lot of 'assets'. Would my company be worth nothing because I have no income? A lot of Net companies are collecting assets. They have to be measured with a new set of metrics.
The probability of failure doesn't matter to me.
We like to say at Khosla Ventures, and this is one of the reasons to do what we do, we'll take technical risks that nobody else will.
There are parts of the country in America, in the Midwest, where wind is a big resource, and we should absolutely use it. But to try and apply it nationally doesn't make sense. There are technologies that will work that are appropriate to certain regions.
You know, one of the great things about most renewable technologies - not every technology, but many of them - is the jobs have to be local. When you're talking about a power plant and power generation using solar thermal technology, the jobs will be where the plant is.
My life is full of way more mistakes than successes.
The only way you multiply resources is with technology. To really affect poverty, energy, health, education, or anything else - there is no other way.
There's a big difference between needs and requirements for grid-based electricity versus those for distributed rural homes or remote locations, or even rooftop solar, where photovoltaics do OK. The more economical a technology is, the faster we'll see adoption.
Will biofuel usage require land? Absolutely, but we think the ability to use winter cover crops, degraded land, as well as using sources such as organic waste, sewage, and forest waste means that actual land usage will be limited. Just these sources can replace most of our imported oil by 2030 without touching new land.
Who cares if companies are overvalued or not?