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In an interview with Business Insider, he said VCs entering the booming industry now should be patient. Some of his most successful investments including QuantumScape took a decade to pay off. Khosla, the founder of Khosla Ventures, which is among the most well-known venture funds, says investors who got burned in clean tech 1.0 were either impatient or simply made bad investments. In fact, several of today's clean-tech unicorns including LanzaTech and QuantumScape were actually a part of clean tech 1.0, and Khosla Ventures notched significant returns on both, he said. It just took time.
That idea is tied closely to what Khosla says is his most important piece of advice for the many newcomers to clean tech: "Bet on the more radical innovations and be very patient. They're not quick payoffs."LanzaTechWhen it comes to clean-tech investing, Khosla prioritizes ideas that have the potential to wipe out a large proportion of global carbon emissions. He's not really interested in incremental change, he says.
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