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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
World
Uneconomic
Hung
Based
Food
Wrong
Thing

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Climate deniers are clearly the fringe group and need to see a proctologist to find their heads.
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We don't need a fuel that's cleaner, we need a fuel that happens to be cleaner, but is half the price of oil.
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The first rule of venture capitalism is hands-on experience. You have to get your hands dirty.
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You need a degree of foolishness to cause disruptive change in healthcare. Dare to dream.
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Success comes to those that dare to dream dreams and are foolish enough to try and make them come true.
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Is it 10 years, 20, 50 before we reach that tipping point where climate change becomes irreversible? Nobody can know. There's clearly a probability distribution. We need to ensure this planet, and we need to do it quickly.
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Future is not extrapolation of past
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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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I don’t mind the low probability of success, but it better be impactful if we do succeed.
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Startups allow technologists and scientists to take risks and change plans in a way that would be frowned upon in a big company. Having said that, big companies will play a key role in certain areas and in partnerships with little companies. Each has its strengths.
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Everybody else is afraid to fail. I do not really care because when I fail, I try something new.
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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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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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There's no doubt in my mind over the next 25 years how we drive, how we build our houses, how we fly, how we build our buildings, will all change.
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Screw up often but screw up ahead of everybody else, and than learn as much, and than use it to make subsequent investments.
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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 you're going to re-invent healthcare you have to start from scratch.
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Where most entrepreneurs fail is on the things they don't know they don't know.
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As for companies invested in the space - I think its important to distinguish between a good investment and a material climate change technology - you can have the first without the second, even in the clean tech space.
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It doesn't matter what your probability of failure is. If there's a 90% chance of failure, there's a 10% chance of changing the world.
Vinod Khosla