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The world is hung up on food-based biofuels. Not only are they the wrong thing, they're the uneconomic thing.

Vinod Khosla

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Vinod Khosla
Age: 69
Born: 1955
Born: January 28
Businessman
Businessperson
National Capital Region of Delhi
Thing
World
Uneconomic
Hung
Based
Food
Wrong

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It is important in any population to have an ecosystem around start-up ideas to leverage the most out of them such an ecosystem needs developing and most of this is about giving entrepreneurs confidence.
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Certain food-based biofuels like biodiesel have always been a bad idea. Others like corn ethanol have served a useful purpose and essentially are obsoleting themselves.
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One of the best things data can enable us to do is to ask questions we didn't know to ask.
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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.
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Spreadsheets are fiction. Believing in what you're doing and what you're building is what's important.
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I've probably failed more often than anybody else in Silicon Valley. Those don't matter. I don't remember the failures. You remember the big successes.
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I do not know what got me interested in technology. What was very clear to me very early on was that I was not interested in religion and that naturally increased my curiosity about science and technology, and I fundamentally believe the two are conflicting.
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I believe cellulosic fuels, biofuels made from nonfood crops are the only solution that will make a difference.
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For electric power generation, we are very optimistic about solar-thermal technology, and we’re intrigued by the potential of enhanced geothermal energy to replace coal-based power generation. Traditional carbon capture and sequestration-based coal power generation is somewhat unlikely to be competitive.
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Now it will take a long time to scale biofuels, but I'm the only one in the world forecasting oil dropping in price to $35 a barrel by 2030. I'll put it on the record: Oil will not be able to compete with cellulosic biofuels. If you do it from food, the food will get so expensive you can't make fuel out of it.
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The U.S. has fallen well behind Europe in recognizing climate change and the implications of climate change.
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Imagine the world of mobile based on Nokia and Motorola if Apple had not been restarted by a missionary entrepreneur named Steve Jobs who cared more for his vision than being tactical and financial.
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The only way you multiply resources is with technology. To really affect poverty, energy, health, education, or anything else - there is no other way.
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Communication always changes society, and society was always organized around communication channels. Two hundred years ago it was mostly rivers. It was sea-lanes and mountain passes. The Internet is another form of communication and commerce. And society organizes around the channels.
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How would you compete against yourself?
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Entrepreneurs have the flexibility and the ability to do things that large companies simply cannot. Could a large company pull off a trick like Amyris, going from anti-malaria medicine to next-generation fuel?
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Where most entrepreneurs fail is on the things they don't know they don't know.
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