Khosla Ventures actually has two separate kinds of funds set up for such funding -- KV Seed for science experiments, and a larger fund for more classic investments.
The main difference in branding for KV's funds is really only to the LPs, though they do mention it to founders on their website. They want to cover themselves in case the seed funding both doesn't return anything and looked to be imprudent in retrospect. Luckily I think they're doing well.
Vinod is actually quite explicit about trying to find black swans in his pitches :-)
The main difference in branding for KV's funds is really only to the LPs, though they do mention it to founders on their website. They want to cover themselves in case the seed funding both doesn't return anything and looked to be imprudent in retrospect. Luckily I think they're doing well.
Vinod is actually quite explicit about trying to find black swans in his pitches :-)