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Vinod Khosla: 70-80% Of VCs Add Negative Value To Startups

143 点作者 ankitoberoi超过 11 年前

14 条评论

rvivek超过 11 年前
We (interviewstreet, YC s2011) raised money from Khosla ventures and Vinod is my main point of contact in the firm. I don&#x27;t know about other experiences but to us he has been of <i>tremendous</i> help in advice, connections (he knows the entire world and isn&#x27;t shy to connect to people he knows for a valid reason) and in hiring people. He has taken at least 8 interviews for me in the last 5 months for VP&#x2F;PM roles - sometimes to evaluate and sometimes to convince.<p>I think it depends on the entrepreneur on how much involved and close you want to be with your VC. Some of their operating partners - Keith Rabois, Ben Ling, Mark Jung, Flo (recruiting), Mojgan (PR), etc. are big resources to leverage on. I&#x27;m not trying to evangelize the firm in any way here but just putting it across that there are pros &amp; cons in every VC firm and it boils down to what the entrepreneur actually wants. I have personally met entrepreneurs who just want a high valuation, that&#x27;s it. The need varies.<p>Every entrepreneur&#x27;s goal is to make his&#x2F;her company successful and if the odds are high in getting a particular investor on board, then do it.<p>Btw, I think there are a lot of YC companies after our batch which raised money from Khosla ventures - instantcab, instacart are the ones on top of my mind.
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coleslawfail超过 11 年前
Wish I could say this openly but the secret truth in the Valley is connected startups know to avoid seed&#x2F;A round money from Khosla, if you can. They are very aggressive on terms and it&#x27;s all about Vinod. They do plain shady stuff, like share your details and plans with their portfolio companies. At a seed stage they regular push for 50% of the equity and call it an &quot;experiment&quot;. Then rather stick behind you, they pull the plug.<p>Don&#x27;t believe me? Take a look at their portfolio and ask why with all of their resources so few YC companies are there. Xobni and ...? The other bigger companies all took growth equity not early money. In all my time in the Valley the gap between Vinod&#x27;s public persona and the underlying truth is the biggest con I&#x27;ve run into. And of course he just keeps up the PR cause that&#x27;s his best source of naive founders. Few others send him deals to lead. The good ones they keep to themselves and shut him out, until he gets in a growth terms (e.g. Square).
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CurtMonash超过 11 年前
The VC who, by far, most subtracted value from my startup Evernet was Vinod Khosla. He was still at Kleiner Perkins then.<p>He also in those days still prided himself on how successfully he negotiated against entrepreneurs.
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marcamillion超过 11 年前
Vinod is so refreshing to listen to. Obviously there would be a lot of pushback from the HN crowd - because there are many VCs here.....go figure.<p>He reminds me of the Elon Musk of the VC industry.
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davidjgraph超过 11 年前
So a VC presenting at a startup media event says that the vast majority of other VCs don&#x27;t add value, but his does.<p>In other news...
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gilgoomesh超过 11 年前
Surely, Sturgeon&#x27;s Law applies here?<p><a href="http://en.wikipedia.org/wiki/Sturgeon%27s_Law" rel="nofollow">http:&#x2F;&#x2F;en.wikipedia.org&#x2F;wiki&#x2F;Sturgeon%27s_Law</a><p>90% of everything is crap. Why should VC&#x27;s be any different?
dragonwriter超过 11 年前
Most startups add negative value to VCs, too. Its high-risk, high-potential-reward on both sides of the street.
quique超过 11 年前
First off as a rule of thumb, I generally avoid talking about people. In the rare case I do, it&#x27;s only if I&#x27;ve had significant experience with them.<p>As an operating partner with Khosla Ventures for the past two years, below are a couple things that I respect about Vinod that entrepreneurs may misinterpret in all the tech gossip.<p>1) Bold leadership Rather than be in the business of doing &quot;deals,&quot; putting money in, getting money out - Vinod is truly in the business of building companies with meaningful impact on the world.<p>Research KV&#x27;s portfolio and you&#x27;ll see how Vinod is contributing to fundamental human needs in food, agriculture, clean energy, healthcare and education among many other areas. He even setup an impact fund where others aren&#x27;t investing. His leadership pushes me to focus on making a bigger and positive difference in people&#x27;s lives.<p>Also read his perspective on Silicon Valley: <a href="http://bits.blogs.nytimes.com/2012/07/13/khosla-the-silicon-valley-vision/" rel="nofollow">http:&#x2F;&#x2F;bits.blogs.nytimes.com&#x2F;2012&#x2F;07&#x2F;13&#x2F;khosla-the-silicon-...</a> To me, it was a healthy reminder not to be so small minded and uphold our larger purpose for innovation.<p>2) Honest feedback I highly recommend you read Vinod&#x27;s point of view on venture assistance and the role of board members before commenting on this thread: <a href="http://www.khoslaventures.com/wp-content/uploads/2013/02/Venture_Assistance1.pdf" rel="nofollow">http:&#x2F;&#x2F;www.khoslaventures.com&#x2F;wp-content&#x2F;uploads&#x2F;2013&#x2F;02&#x2F;Ven...</a><p>I admit, I&#x27;ve been in meetings where&#x27;s he&#x27;s given me candid, no BS feedback. Although sometimes it was uncomfortable to hear, ultimately I&#x27;m thankful because it made be a better entrepreneur and designer. I prefer honesty from someone who challenges me to be great rather than hypocritical politeness.<p>Think about all the great founders of our time, from Steve Jobs to Mark Zuckerberg - they all have strong points of view that not everyone can get along with but don&#x27;t confuse this with being a jerk: <a href="http://techcrunch.com/2012/09/09/do-you-need-to-be-a-jerk-to-be-a-successful-entrepreneur/" rel="nofollow">http:&#x2F;&#x2F;techcrunch.com&#x2F;2012&#x2F;09&#x2F;09&#x2F;do-you-need-to-be-a-jerk-to...</a>
unono超过 11 年前
Vinod Khosla is one of the few good guy VCs out there. He&#x27;s invested in high tech foods, robots, energy, healthcare, farming. He runs a Google X type fund.
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jmtame超过 11 年前
<i>The VC connects wealthy investors to nerds. There are few alternatives. You can self-fund by consulting and by setting aside money for your venture. That doesn&#x27;t work.</i><p>Can you elaborate on this part? Is this a pattern you noticed in many entrepreneurs?<p>I can recall at least one successful startup that had to contract early on in order to get by. They were in my YC batch and they&#x27;re now doing pretty well.
casca超过 11 年前
If you have a pile of money at your disposal, it&#x27;s not hard to invest in all the good things that Vinod Khosla invests in. Maybe his previous success was down to luck or maybe he&#x27;s not one of those VCs that &quot;add negative value&quot;, but it&#x27;ll be a good few years before there&#x27;s any feedback on the quality of his more recent choices.
npguy超过 11 年前
Given the effort that VCs put in to understand the business, this ratio of value addition is not surprising.<p><a href="http://fakevalley.com/conmen-arrested-for-cheating-vcs-by-setting-up-garages-in-sfo-bay-area/" rel="nofollow">http:&#x2F;&#x2F;fakevalley.com&#x2F;conmen-arrested-for-cheating-vcs-by-se...</a>
durandal1超过 11 年前
And 90% of all statistics are made up on the spot.
paulhauggis超过 11 年前
..except the positive value of the cash you need from a VC to survive.