In California, Technology Review asked Vinod Khosla, founder of Khosla Ventures, whether pre-revenue companies such as KiOR should be attemtping IPOs. The publication asked Khosla to explain the differences between companies such as KiOR and Nanosys, whose pre-revenue IPO Khosla had decried in a 2004 speech at Stanford University.
In a letter to the publication, Khosla cited four factors separating biofuels companies from other IPOs he had criticized in the past. 1. Existing markets: 2. Proven technologies, 3. Market size and opportunity. 4. Accurate financial forecast potential.
Khosla said that biofuels technologies apply to massive, existing markets, rather than existing as technologies in search of applications and compelling markets.
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Category: Producer News