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General Motors’ Investment Arm Raised Less than a Quarter of Its Target for Third Venture Fund
Performance Equity Management sought $400 million, but ended up pulling in only $90 million from two investors. Full investment news article
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Performance Equity Management,
Vinod Khosla to Advise Indian Govt on Planned $1 Billion Telecom VC Fund
The fund will invite proposals to select a few consortia, pre-dominantly of Indian-origin scientists and technologists, for providing funding. It will provide 85% of the equity without management control and the remaining 15% as sweat equity. Sweat equity is the ownership interest, or increase in value, that is created as a direct result of hard work by the owners. Full investment news article
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Khosla Ventures,