Vinod Khosla

Vinod Khosla (born 28 January 1955) is an Indian American billionaire businessman and venture capitalist. He is a co-founder of Sun Microsystems and the founder of Khosla Ventures. In 2014, Forbes counted him among the 400 richest people in the United States.[2]

Vinod Khosla
Born (1955-01-28) January 28, 1955
India
EducationIndian Institute of Technology Delhi (BTech)
Carnegie Mellon University (MS)
Stanford University (MBA)
Known forCo-founder of Sun Microsystems
Founder of Khosla Ventures
Net worthUS$2.2 billion (March 2020)[1]
Spouse(s)Neeru Khosla
Children4

Early life and education

Khosla's father was an officer in the Indian Army and was posted at New Delhi, India. He attended Mount St Mary's School.[3] Khosla read about the founding of Intel in Electronic Engineering Times as a teenager, and this inspired him to pursue technology as a career.[4] He did a B.Tech in electrical engineering from Indian Institute of Technology Delhi, a master's in biomedical engineering from Carnegie Mellon University, and MBA from Stanford Graduate School of Business.[5]

Career

After completing his MBA at Stanford in 1980, Khosla worked for electronic design automation start-up Daisy Systems (founded January 1981).

In 1982, Khosla co-founded Sun Microsystems (SUN is the acronym for the Stanford University Network), along with Stanford classmates Scott McNealy, Andy Bechtolsheim, and UC Berkeley computer science graduate student Bill Joy. Khosla served as the first chairman and CEO, from 1982 to 1984, when he left the company to become a venture capitalist.

In 1986, Khosla joined the venture capital firm Kleiner Perkins as a general partner.[4] At Kleiner, Khosla became a recognized venture capitalist, with several successful early-stage investments. Khosla also played a key role with several of the tech industry's most spectacular failures, including Asera, Dynabook, BroadBand Office, Excite@Home, and many others.

He also invested in an Indian microfinance company, SKS Microfinance, which lends small loans to poor women in rural India. Khosla is also one of the founders of TiE, The Indus Entrepreneurs, and has guest-edited a special issue of The Economic Times (ET), a business newspaper in India.

In 2004, he founded Khosla Ventures. Khosla was featured on Dateline NBC in May 2006, where he discussed the practicality of ethanol as a gasoline substitute.[6] He is known to have invested heavily in ethanol companies, in hopes of widespread adoption.

Khosla was a major proponent of the "Yes on 87" campaign to pass California's Proposition 87, The Clean Energy Initiative, which failed to pass in November 2006.

In 2006, Khosla's wife Neeru co-founded the CK-12 Foundation, which aims to develop open source textbooks and lower the cost of education in America and the rest of the world. Khosla and his wife are also donors to the Wikimedia Foundation, in the amount of $600,000.[7]

Khosla Ventures
TechCrunch SF 2013
Main article: Khosla Ventures

Khosla formed his own venture capital firm, Khosla Ventures in 2004. The firm is based in Menlo Park, California,[8] and manages approximately $1 billion of investor capital as well as investments funded by Khosla himself.[9]

In September 2009, Khosla completed fundraising for two new funds, to invest in cleantech and information technology start-ups. Khosla Ventures III secured $750 million of investor commitments to invest in traditional early-stage and growth stage companies. Khosla also raised $250 million for Khosla Seed, which will invest in higher-risk opportunities.

In May 2010, it was announced that former British Prime Minister Tony Blair was to join Khosla Ventures to provide strategic advice regarding investments in technologies focused on the environment[10]. Khosla Ventures[11] also invested in HackerRank.

Other accomplishments and affiliations

Khosla has founded a number of other businesses and organizations, and was involved with the founding of Daisy Systems in 1981.[5]

Khosla served as the honorary chair of the DonorsChoose San Francisco Bay Area advisory board. In 2007, Khosla was an award recipient in the Northern California region for the EY Entrepreneur of the Year award.[12] Khosla is a member of the board of trustees of the Blum Center for Developing Economies at the University of California, Berkeley.[13] The Center is focused on finding solutions to address the crisis of extreme poverty and disease in the developing world.[14] He is an advisor for HackerRank, a website for competitive coding.[11] Khosla is a member of the Xconomists, an ad hoc team of editorial advisors for the tech news and media company, Xconomy.[15]

Khosla endorsed Democratic candidate Hillary Clinton in the 2016 U.S. presidential election.[16]

Martins Beach dispute

Since 2010, Khosla has been engaged in a legal dispute surrounding public access to Martins Beach (37°22′33″N 122°24′30″W), several miles south of Half Moon Bay, California, where he owns adjacent land.[17][18][19] His attempts to close the beach by erecting a gate with armed guards at the road entrance and painting over the welcome sign that existed prior to his ownership of the property has been the subject of legal challenges, popular resentment, and extensive press coverage.[20] Khosla won an early judgment in the California courts that determined he has a right to control the beach via the Mexican land rights guaranteed by the Treaty of Guadalupe Hidalgo.[21] However, his ability to restrict access was also challenged in a suit brought by the Surfrider Foundation.[22][23] Khosla ultimately lost that suit, and San Mateo Superior Court ordered that he could not restrict public access to the beach without first obtaining a permit from the California Coastal Commission.[24] In October 2014, Governor Jerry Brown signed legislation to re-open the beach to the public.[25]

Martin's Beach was previously a popular family beach and surf spot before Khosla purchased the property adjacent to the beach and blocked access.[26] The previous owners of the land had allowed the public to park at the beach for a fee, but remained free to walk down. Khosla won a victory in May 2014, when Judge Gerald Buchwald issued a ruling which concluded that Martin's Beach LLC 1 and 2, the formal owners of Martin's Beach, can block public access to the beach, due to an exemption granted by the treaty which ended the Mexican-American war. The judge concluded that Khosla's property is not subject to aspects of the California Constitution because it was originally a rancho that predated the State.[27] The Surfrider Foundation filed a second lawsuit against Khosla for violations of the California Coastal Act.[28] Khosla lost the second suit and Judge Barbara Mallach issued her final order for Khosla to open the gate.[29] Former Congressman Pete McCloskey said about the land closure, "To put a rope across the road and say, 'The hell with you' — I'd call it the arrogance of great wealth."[30][31][32]

Khosla told the state that he would sell a small slice of his property in order to enable members of the public to gain access to the beach again. The offer was for $30 million, almost as much as Khosla spent on the property ($32 million).[33][34][35][36]

In August 2017, a Californian court of appeal ruled that Khosla must restore public access to Martins Beach.[37] The decision was widely seen as a major blow to Khosla and other billionaires who have sought to restrict access to previously public beaches in California.[38] The plaintiffs, Surfrider Foundation, stated that they expected Khosla to take the case all the way to the US Supreme Court.[39] In 2018 Khosla filed an appeal with the Supreme Court.[40] The New York Times noted: "If (Khosla) wins, he could reshape the laws that govern 1,100 miles of (California) shore. And if he loses, all he would be forced to do is apply for a permit to change the hours of operation on a single gate."[41] In October 2018, the Supreme Court announced that they would not hear the appeal of the California appeals court decision.[42]

In November 2018, a San Mateo County court found that the prior owners of the property had not intended for access to Martins Beach to be public. In January 2020, the California Coastal Commission sued Khosla, alleging he is in violation of the California Coastal Act of 1976.[43]

The Martin's beach dispute is referenced in Martti Vallila's Bannana in the Legal Gulag; Exposing Trickery and Manipulation,[44] Amazon, 2015 which also describes disputes between Khosla and Russian inventor Vladimir Poponin.

Personal life

He is married to Neeru Khosla, his "childhood girlfriend".[45][46] They have four children.[47][48]

gollark: Oopsie?
gollark: ++exec```luafunction factorial(x)local a = 1for i = 1, x do a = a * iendprint("fact", a)if a == 0 then return 1 endreturn aendfunction scream(x, a, b)print (x, a, b)if a == 0 thenif b == 0 thenprint "a, b = 0"return factorial(x)else print "a = 0"return math.pow(factorial(x), scream(x, 0, b - 1))endendlocal g = factorial(scream(x, a - 1, b))return math.pow(g, g) endprint(scream(5, 2, 2))```
gollark: ++exec```luafunction factorial(x)local a = 1for i = 1, x do a = a * iendprint("fact", a)if a == 0 then return 1 endreturn aendfunction scream(x, a, b)print (x, a, b)if a == 0 thenif b == 0 thenprint "a, b = 0"return factorial(x)else print "a = 0"return math.pow(factorial(x), scream(factorial(x), 0, b - 1))endendlocal g = factorial(scream(x, a - 1, b))return math.pow(g, g) endprint(scream(5, 2, 2))```
gollark: ++exec```luafunction factorial(x)local a = 1for i = 1, x do a = a * iendprint("fact", a)if a == 0 then return 1 endreturn aendfunction scream(x, a, b)print (x, a, b)if a == 0 thenif b == 0 thenreturn factorial(x)else return math.pow(factorial(x), scream(factorial(x), 0, b - 1))endendlocal g = factorial(scream(x, a - 1, b))return math.pow(g, g) endprint(scream(5, 2, 2))```
gollark: ++exec```luafunction factorial(x)if x == 0 then return 1 endlocal a = 1for i = 1, x do a = a * iendprint("fact", a)return aendfunction scream(x, a, b)print (x, a, b)if a == 0 thenif b == 0 thenreturn factorial(x)else return math.pow(factorial(x), scream(factorial(x), 0, b - 1))endendlocal g = factorial(scream(x, a - 1, b))return math.pow(g, g) endprint(scream(5, 2, 2))```

See also

References
  1. "Forbes profile: Vinod Khosla". Forbes. Retrieved 2 March 2020.
  2. "Vinod Khosla, 4 other Indian Americans on Forbes US' richest list". Firstpost. 20 December 2014.
  3. "Vinod Khosla Biography". Scribd. 29 October 2009. Retrieved 27 July 2014.
  4. "Vinod Khosla". Computer History Museum. Retrieved 19 June 2017.
  5. Bhide, Amar V. (14 December 1989), Vinod Khosla and Sun Microsystems (A), Harvard Business Publishing, archived from the original on 5 August 2014
  6. Phillips, Stone (7 May 2006). "A simple solution to pain at the pump?". Dateline NBC. Retrieved 27 July 2014.
  7. Cadelago, Chris (24 August 2008). "Wikimedia pegs future on education, not profit". San Francisco Chronicle. Retrieved 27 July 2014.
  8. "Khosla Ventures: Our Team". Khoslaventures.com. Retrieved 27 July 2014.
  9. "Brain scan: Betting on green". The Economist. 10 March 2011. Retrieved 27 July 2014.
  10. Clark, Andrew (25 May 2010). "Tony Blair lands job with Silicon Valley's Khosla Ventures". The Guardian. Retrieved 11 August 2017.
  11. "Archived copy". Archived from the original on 24 June 2016. Retrieved 7 June 2016.CS1 maint: archived copy as title (link)
  13. "Trustees of the Blum Center for Developing Economies". Blumcenter.berkeley.edu. 1 February 2010. Retrieved 27 July 2014.
  14. "Mission". Blumcenter.berkeley.edu. Archived from the original on 12 August 2014. Retrieved 27 July 2014.
  15. "About Our Mission, Team, and Editorial Ethics". Xconomy. Retrieved 2 January 2018.
  16. Mandelbaum, R., More Business Leaders Sign On With Clinton, Forbes, September 23, 2016.
  17. Kinney, Aaron (24 October 2013). "Vinod Khosla wins key Martins Beach battle". San Jose Mercury News. Retrieved 27 July 2014.
  18. Newman, Bruce (29 October 2012). "Mysterious owner of San Mateo County beach paradise is asked to let the outside world in". San Jose Mercury News. Archived from the original on 11 August 2014. Retrieved 27 July 2014.
  19. U.S. Geological Survey Geographic Names Information System: Martins Beach
  20. Romney, Lee (12 May 2014). "Billionaire who barred access to Martin's Beach takes stand". Latimes.com. Retrieved 27 July 2014.
  21. Gutierrez, Melody (28 May 2014). "Martins Beach fight heads to state Capitol". SFGate. San Francisco Chronicle. Retrieved 27 July 2014.
  22. Kinney, Aaron (2 October 2013). "Setback for Martins Beach access movement". San Jose Mercury News. Retrieved 27 July 2014.
  23. Fimrite, Peter (22 June 2014). "Surfers sue over blocked beach access". San Francisco Chronicle. Retrieved 27 July 2014.
  24. "Judge Rules for Public Access to Martins Beach, Doesn't Fine Owner". Kqed.org. 25 September 2014. Retrieved 19 July 2017.
  25. "Governor signs Martins Beach legislation SB 968 calls for negotiations to begin with Silicon Valley Billionaire to restore public access to the beach". Mercurynews.com. 14 October 2014. Retrieved 17 August 2017.
  26. "Battle of the beach - South Valley Magazine - SouthValley.com". Southvalley.com. 14 July 2017. Retrieved 19 July 2017.
  27. Romney, Lee (25 October 2013). "Venture capitalist wins round in fight to block public beach access". Los Angeles Times. Retrieved 27 July 2014.
  28. Fimrite, Peter (13 May 2014). "Martins Beach billionaire evades questions on stand". San Francisco Chronicle. Retrieved 27 July 2014.
  29. Fimrite, Peter (8 December 2014). "Judge orders billionaire to open gate to Martines Beach". San Francisco Chronicle. Retrieved 8 December 2014.
  30. Smith, Chris A. (26 March 2014). "Bummer Beach". Modernluxury.com. Retrieved 27 July 2014.
  31. "Surfrider Foundation Sues to Open Martin's Beach to the Public". Surfrider.org. Retrieved 19 July 2017.
  32. "Martins Beach: Vinod Khosla's claim to land beneath Pacific Ocean appears dead". Mercurynews.com. 23 March 2016. Retrieved 19 July 2017.
  33. A billionaire is willing to bring back public access to Martins Beach — for a price, Los Angeles Times, April 24, 2016
  34. Gina Hall Billionaire Khosla gears up for another beachfront battle in Half Moon Bay Bizjournals.com June 20, 2017
  35. "California's beaches belong to the public — not to the one percent". Los Angeles Times. 30 June 2017. Retrieved 20 July 2017.
  36. "California is Seizing a Public Beach from a Billionaire". Ca.gov. 30 June 2017. Retrieved 20 July 2017.
  37. "Court ruling" (PDF). Courts.ca.gov. 9 August 2017. Archived from the original (PDF) on 11 August 2017. Retrieved 11 August 2017.
  38. Levin, Sam (10 August 2017). "Silicon Valley billionaire loses bid to prevent access to public beach". The Guardian. ISSN 0261-3077. Retrieved 11 August 2017.
  39. "Court to billionaire: Open the gate to Martins Beach". San Francisco Chronicle. Retrieved 11 August 2017.
  40. Xia, Rosanna (6 March 2018). "With Supreme Court challenge, tech billionaire could dismantle beach access rights — and a landmark coastal law". latimes.com. Retrieved 6 March 2018.
  41. "Every Generation Gets the Beach Villain It Deserves". New York Times. Retrieved 30 August 2018.
  42. "Supreme Court Won't Hear Case Over Martins Beach Access". CBS News. Retrieved 1 October 2018.
  43. Kaur, Harmeet. "California is suing a Silicon Valley billionaire for blocking public access to a beach". CNN. Retrieved 8 January 2020.
  44. "Bannana Books -". Marttivallila.com. Archived from the original on 3 July 2017. Retrieved 19 July 2017.
  45. Savchuk, Katia. "Neeru Khosla, Wife Of Billionaire Venture Capitalist, Wants To Fix Education With Software". forbes.com. Retrieved 31 August 2018.
  46. Holson, Laura M. "A Capitalist Venturing in the World of Computers and Religion". nytimes.com. Retrieved 31 August 2018.
  47. Levin, Bess. "Tech Billionaire Takes "Get Off My Lawn!" Case to the Supreme Court". vanityfair.com. Retrieved 31 August 2018.
  48. "Indian-American venture capitalist Vinod Khosla hosts dinner for Obama - Times of India". indiatimes.com. Retrieved 31 August 2018.
Preceded by
first		 CEO of Sun Microsystems
1982–1984		 Succeeded by
Scott McNealy
Preceded by
first		 Chairman of Sun Microsystems
1982–1984		 Succeeded by
Scott McNealy
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