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Khosla Impact

Company

Investment-firm

Financing round

General

About Company
Khosla Impact invests in entrepreneurs solving socio-economic problems through technology.

Industry

Sector :

Subsector :

founded date

31.03.2012

Number of employees

IPO status

Private

Description

Khosla Impact is a venture capital firm founded in 2012, based in Menlo Park, United States. They focus on investing in startups that are 2-3 years old and operate in areas such as FinTech and Crowdfunding. Some of their notable portfolio companies include Branch International, BBOXX, and SunFunder. While the fund is based in the United States, it frequently invests in India. Khosla Impact does not have a specific preference for the number of founders in a startup, but startups with 4 or 5+ founders have a lower chance of receiving investment. The fund typically invests in rounds with 3-4 participants. In addition to Khosla Impact, startups in this space are often financed by Unitus Ventures, Omidyar Network, and First Light Ventures. The fund has had a higher number of exits compared to other organizations, with a significant increase in 2017. They typically invest in deals ranging from 5 to 10 million dollars and participate in 2-6 investment rounds annually. Khosla Impact's mission is to support entrepreneurs who are developing products and services for the bottom half of the world's economic pyramid, with a focus on South Asia. They welcome entrepreneurs and business plans from all countries and regions.
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Date 
name 
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type 
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Founders
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Mark Straub
Mark Straub

Mark Straub

Mark Straub joined Smile Identity as CEO in 2017.Mark has been passionate about the power of market-based models to fight global poverty since he traded investment banking for micro-lending in 2006. At that time, Mark joined Lok Capital in New Delhi as an early employee and the first American. At Lok, he was instrumental in the firm’s seminal investment in Spandana and initiated a fellows program to support Lok’s portfolio. More recently, Mark was a member of the six person team at the Draper Fisher Jurvetson Growth Fund, a $300M expansion stage fund investing in category leading technology companies. At DFJ, Mark invested in world-changing entrepreneurs in e-commerce, consumer media, clean technology and aerospace aviation at companies including TrialPay, Gilt Groupe, Admob, betaworks (bit.ly), TremorVideo, Tesla Motors, BrightSource Energy, Silverspring Networks, and SpaceX. In 2011, Mark combined his passions for emerging markets, technology and socioeconomic change by joining Vinod to co-found Khosla Impact. He is honored to have the opportunity to support entrepreneurs and teams who are developing market-based solutions to poverty and believes business must play a leading role in solving the world’s most challenging social problems. Outside of work, Mark is an avid skier and foodie. He has been fortunate enough to visit 18 of India’s 28 states and foolish enough to ski within earshot of Kashmir’s line of control.

current job

Smile Identity
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organization founded

2

Mark Straub

Vinod Khosla
Vinod Khosla

Vinod Khosla

Vinod Khosla is an entrepreneur, investor and technologist. He is the founder of Khosla Ventures, a firm focused on assisting entrepreneurs to build impactful new energy and technology companies. Vinod grew up dreaming of being an entrepreneur, despite being from an Indian army household with no business or technology connections. Since the age of 16, when he first heard about the founding of Intel, he dreamt of starting his own technology company. After graduating with a bachelor’s degree in electrical engineering from the Indian Institute of Technology (IIT) in New Delhi, Vinod failed to start a soymilk company to service the many people in India who did not have refrigerators. Instead, he came to the U.S. to further his academic studies and received a master’s degree in biomedical engineering from Carnegie Mellon University. Eventually, his startup dreams led him to Silicon Valley, where he received a master’s degree in business administration from the Stanford University Graduate School of Business. Upon graduation, Vinod co-founded Daisy Systems, the first significant computer-aided design system for electrical engineers. The company went on to achieve significant revenue, profits and an IPO. Then, driven by the frustration of having to design the computer hardware on which the Daisy software needed to be built, Vinod started the standards-based Sun Microsystems in 1982 to build workstations for software developers. As the founding CEO of Sun, he pioneered open systems and commercial RISC processors. Sun Microsystems was funded by Vinod’s longtime friend and board member John Doerr of Kleiner Perkins Caufield and Byers (KPCB). In 1986, Vinod joined KPCB as a general partner. While there, he played a crucial role in taking on Intel’s monopoly by building and growing semiconductor company, Nexgen, which eventually was acquired by Advanced Micro Devices (AMD). Nexgen/AMD was the only microprocessor to have significant success against Intel. Thereafter, Vinod helped incubate the idea and business plan for Juniper Networks to take on Cisco System’s dominance of the router market. He also was involved in the formulation of the early advertising-based search strategy for Excite. In addition to his many other contributions at KPCB, he helped transform the moribund telecommunications business and its archaic SONET implementations with Cerent Corporation, which was acquired by Cisco Systems in 1999 for $7.2 billion. In 2004, driven by the need for flexibility to accommodate four teenaged children, the desire to be more experimental and to fund sometimes imprudent “science experiments,” Vinod formed Khosla Ventures to focus on both for-profit and social impact investments. His goals remain the same: work and learn from fun and knowledgeable entrepreneurs, build impactful companies by leveraging innovation and spend time with a partnership that makes a difference. Vinod has a passion for nascent technologies that have beneficial effects and economic impact on society. While he only serves on the boards of a few select companies, he works closely with most KV companies as they face transitions or key decisions. Vinod’s greatest passion is being a mentor to entrepreneurs building technology-based businesses. He is driven by the desire to make a positive impact through scaling new energy sources, achieving petroleum independence and promoting a pragmatic approach to the environment. He also is passionate about social entrepreneurship with a special emphasis on microfinance as a poverty alleviation tool. He is a supporter of many microfinance organizations in India and Africa. He also has been experimenting with innovations in education and global housing. Vinod also is a charter member of The Indus Entrepreneurs (TiE), a non-profit global network of entrepreneurs and professionals that was founded in 1992 and has more than 40 chapters in nine countries today. He is a founding board member of the Indian School of Business (ISB). Vinod holds a bachelor of technology degree in electrical engineering from the Indian Institute of Technology (IIT) in New Delhi, India, a master’s degree in biomedical engineering from Carnegie Mellon University and a master’s degree in business administration from the Stanford University Graduate School of Business.

current job

Khosla Ventures
Khosla Ventures

count Of Investments

6

count Of Exists

1

Vinod Khosla

Employee Profiles
3
Mark Straub

Mark Straub

Partner

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