One day after Steven Chu defends his department’s handling of the DoE loan guarantee to Solyndra, we look at the impact of Solyndra on the venture capital industry. In this exclusive interview, Andrew Chung, the newest member of the Khosla Ventures investment team, shares his views on the Post Solyndra era. Will the failure of Solyndra have a significant impact on cleantech investment? How does Chung respond to critics who say that cleantech investment is a disaster?
“Downstream, there are other investors who are a bit more skittish about investing in following rounds…”
“In the past twelve months, we have three companies that have gone public and generated over $1.1B in profits for the firm. ..It’s possible to make money in cleantech and drive a lot of change and drive significant returns.”
“It’s still relatively early…we are in the second inning of an extra inning game, in the development of this industry.”
“(At Khosla Ventures) we continue to be incredibly excited about the cleantech opportunity…we just raised a $1.1B fund, half of it is going to be in cleantech.”
Check back soon for more highlights from our interview with Chung:
On America’s comparative advantage vis a vis China
On what we can learn from China’s cleantech policies
On Chung’s motivations for investing in cleantech
The interview was recorded at the Cleantech Open in Silicon Valley, November 15, 2011. Check out another 2014 exclusive interview with Andrew Chung: Why does he consider himself a kindred spirit of Elon Musk? And why is he still bullish about cleantech changing the world?