Why Vinod Khosla Is Avoiding Cryptocurrencies

In hindsight was it too early for green tech and now maybe it's a better time. Here's what I would say. I don't think it was too early. I think when you go into a new area that is completely undefined. There's a lot of learning. So we started investing in clean CAC among everyone. The early funds to start investing in climate technologies. Those are the whole book club. So quantum escapes were five was worth 10 billion before. What got you. One of those can return the whole fun. What about crypto and block chain. So most of our investments in crypto have been where they affect everyday life things people would recognize. Could you build better financial services. Squares. Very big on crypto. Could you build a better telecommunications network. And the helium token and the helium network. Does that show when things start to affect everyday life. That's an interesting area for crypto. It's not that interesting to most other people in crypto. So in some sense it is less competitive and a better area for us. We've not done the speculative part of crypto mostly because I wanted to stay away from areas where there's a lot of illegal activity which is common in crypto.

Channel: David Rubenstein

Views: 5,554

Keywords:

Id: XMXFSHNLgU4

Length: 1min 24sec (84 seconds)

Published: Tue Jun 14 2022