Vinod Khosla’s Gevo Valentine’s Day Massacre

 

 

Vinod Khosla’s Gevo Valentine’s Day Massacre

 

Billionaire investor Vinod Khosla’s best advice for success: ‘Your willingness to fail is what will let you succeed’ and Boy is Vinod Khosla FAILING!!!!

 

KHOSLA SHOULD GO BACK TO INDIA AND STOP BRIBING AMERICAN POLITICIANS!

 

 

Robert Rapier ,  

 

Contributor

 

I write about energy, the environment, and the economy.

 

Opinions expressed by Forbes Contributors are their own.

 

Tweet This

 

 

SAN FRANCISCO, CA: Vinod Khosla of Khosla Ventures speaks onstage during TechCrunch Disrupt SF 2015 at Pier 70 on September 23, 2015 in San Francisco, California. (Photo by Steve Jennings/Getty Images for TechCrunch)

 

Back in 2010-11, billionaire venture capitalist Vinod Khosla backed three advanced biofuel companies that went public. These companies, debuting on the NASDAQ, were KiOR, Gevo, and Amyris. The companies were hyped extensively, with claims of low production costs and low technology risks.

 

It has been almost exactly 6 years since Gevo’s IPO in February 2011. If you had invested $10,000 in Gevo at the IPO and left it there, today that investment is worth about $2.36.

 

Had you put your investment in KiOR, those shares that debuted at $15 in June 2011 were delisted in November 2014, but now trade on the pink sheets for half a penny each. KiOR declared bankruptcy shortly after its shares were delisted.

 

Amyris is the star of this group. A share in Amyris bought at the October 2010 IPO for ~$17 is still hanging in there with a value of 55 cents today. (On a related note, in 2012 I was consulting for an institutional investor and advised the firm to steer clear of Amyris).

 

What happened to these seemingly-promising companies? In a nutshell, Mr. Khosla and his advisers seriously underestimated the technical and economic challenges involved in converting biomass into commodity fuels. This is the same thing I told Leslie Stahl on 60 Minutes when Mr. Khosla and I were both interviewed for a segment on advanced biofuels that aired in January 2014. He was hyping “no downside” on the segment, and I was saying “he is underestimating the challenges.” I predicted in January 2014 that KiOR would be bankrupt by year-end, which was exactly what happened.

 

The Take: Gavin Newsom confronts billionaire Vinod Khosla

 

On behalf of The Sacramento Bee’s editorial board, welcome to The Take, your opinion-politics newsletter. Please sign up for it here.

 

google news cachedproxied

 

http://www.sacbee.com/opinion/article119356273.html

 

Meltdown At Gevo

 

The same can’t be said of advanced biofuel company Gevo, one of three advanced biofuel companies that went public in 2010-11 with the backing of billionaire venture capitalist Vinod Khosla. It has been almost exactly 6 years since Gevo’s IPO in …

 

bing news cachedproxied

 

http://www.energytrendsinsider.com/2017/02/25/meltdown-at-gevo/

 

Vinod Khosla on Hampton Creek Controversy

 

Khosla Ventures Founder Vinod Khosla joins host Emily Chang on “Bloomberg Studio 1.0” to discuss allegations around Hampton Creek, one …

 

google news cachedproxied

 

https://www.bloomberg.com/news/videos/%5B…%5Dod-khosla-on-hampton-creek-controversy

 

 

-- 

Visit the largest free news network in the world at:
http://wearethenewmedia.com

<

p class=”western” style=”margin-bottom:0;line-height:100%;orphans:2;widows:2;”> 

 

 

Advertisements

Leave a Report

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s