EXCLUSIVE - Khosla loses two cleantech experts as partners

SAN FRANCISCO/NEW YORK Tue Aug 9, 2011 10:22pm IST

Vinod Khosla, founder of Khosla Ventures, smiles during the Fortune Brainstorm Green conference in Dana Point, California April 13, 2010.   REUTERS/Mario Anzuoni

Vinod Khosla, founder of Khosla Ventures, smiles during the Fortune Brainstorm Green conference in Dana Point, California April 13, 2010.

Credit: Reuters/Mario Anzuoni

Related Topics

SAN FRANCISCO/NEW YORK (Reuters) - Partners Jim Kim and Alex Kinnier will depart Khosla Ventures Aug. 15, leaving the firm short of two partners just months after it said it was raising a $1.05 billion fund.

Both specialized in renewable energy, a focus of Khosla Ventures, but one that has been slow to reap big returns.

Kinnier will start his own company, a move founding partner Vinod Khosla called "standard". It was unclear what Kim intends to do upon leaving the venture capital house, which has backed Jawbone-headset makers Aliph and biofuels company Kior.

"Junior folks join for three years typically and then start companies," he wrote to Reuters in an email. "We have our core set of five partners and though we don't preclude junior partners becoming senior partners, we expect the majority of them to leave to start companies."

Kinnier declined to comment, referring Reuters instead to Khosla, who said the former Google executive always intended to leave the venture capital outfit after a few years to start his company.

Kim did not respond to requests for a comment.

The departures leave the firm with seven partners, including Khosla, a co-founder of Oracle's Sun Microsystems. In May, Khosla Ventures filed to raise a $1.05 billion fund.

Khosla Ventures lost partner Gideon Yu earlier this year when he joined the San Francisco 49ers pro football team as chief strategy officer. His high-profile investments included Square, Twitter co-founder Jack Dorsey's payments company.

After that, the firm hired partner Ryan Kottenstette, who has a background in lithium-ion batteries.

"Hiring is always a continual process for us at the junior level," Khosla said.

Kinnier joined in 2008 from Google and Kim joined in 2009 from venture firm CMEA.

(Editing by Robert MacMillan)

Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

  • Most Popular
  • Most Shared


A view of Microsoft and Nokia signs in Peltola, Oulu July 16, 2014. Microsoft Corp said on Thursday it would cut up to 18,000 jobs, or about 14 percent of its workforce, as it halves the size of its recent Nokia acquisition and trims down other operations. REUTERS/Markku Ruottinen/Lehtikuva

Opera's Mini browser to be installed on Microsoft phones

Norwegian software maker Opera signed a deal to take over the browser building unit of Microsoft's Nokia mobile phone unit and reported second-quarter earnings above expectations, sending it shares sharply higher.  Full Article 

Reuters Showcase

Silicon Valley Women

Silicon Valley Women

Despite lip service, Silicon Valley venture capital still a man’s world   Full Article 

Cyber Attacks

Cyber Attacks

U.S. government's nuclear watchdog victim of cyber attacks - report  Full Article 

Net Neutrality

Net Neutrality

Online video stars mobilize for U.S. net neutrality  Full Article 

'Heartbleed' Bug

'Heartbleed' Bug

U.S. hospital breach biggest yet to exploit Heartbleed bug - expert  Full Article 

Deal Talk

Deal Talk

Infineon agrees to buy Int'l Rectifier for $3 bln in cash  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device.  Full Coverage