Green Investor News - Khosla Ventures Expands Ability to Assist Entrepreneurs with Billion Dollars in New Capital

Green Investor News - Khosla Ventures Expands Ability to Assist Entrepreneurs with Billion Dollars in New Capital

Additional Partners Bring New Perspective and Contacts to Portfolio Companies

MENLO PARK, Calif.----Khosla Ventures today announced two new funds, Khosla Ventures III and Khosla Ventures Seed, that together have raised more than one billion dollars, in excess of its original targets in both funds. The firm also announced the addition of two partners: Gideon Yu and Jim Kim.

“The broader capital base and team allow us to accelerate what we do, which I call venture assistance – we assist and mentor entrepreneurs,” said Vinod Khosla, the firm’s founder. “We will continue to foster high risk technology innovation and unproven but high impact science experiments, now with greater resources.”

Our industry focus will be defined by entrepreneurs’ imagination, though we expect to continue to foster innovation in technology-based large markets including clean energy, efficiency, sustainable materials and information technology. Our goals in renewables go beyond Cleantech to Maintech – we believe the infrastructure of society will be open to technical re-invention, creating very large new opportunities. Already this year, seven new companies have been added to our portfolio across Cleantech and information technology including Skywatch in solar, HCL in cellulosic sugars, Hybra-Drive in efficiency, and Rayspan and SeaMicro in information technology.

Our goal is to assist entrepreneurs and we are honored to have been able to do so with a number of companies over the past five years. Examples include: tackling sometimes “imprudent” science risk with a radical approach to carbon sequestration at Calera, taking an equally radical approach to biofuels with Kior, and going beyond traditional lithium ion technology in the battery market; brainstorming business models and building teams at Xobni in email and at Soraa in LED lighting, risk management with all our biofuels startups, developing corporate relationships for Aliph Jawbone, and team building for Ecomotors, Soladigm and many others. Over time, we hope to help companies scale to become large sustainable business.

Khosla Ventures Seed fund, originally targeted at $250 million, will focus on the highest risk projects. These ventures may start at universities and often cannot find any other funding. Khosla Ventures III, originally targeted at $750 million, pursues more typical early and mid-stage venture investments, with additional capital available to the companies as they scale. The new capital represents the first external funds raised and the increased size reflects the breadth of great ideas we are seeing from entrepreneurs.

“CalPERS and Khosla Ventures have built a strong partnership,” said Joncarlo Mark, Senior Portfolio Manager at CalPERS. “Vinod and his team have a differentiated strategy toward both investing and alignment with LPs.”

The announcement of Gideon Yu and Jim Kim joining follows Pierre Lamond’s addition earlier in the year. Lamond is the co-founder of National Semiconductor and held executive roles at Fairchild, Advent and Coherent. Lamond then began a career spanning three decades as an industry leading venture capitalist at Sequoia Capital. Yu was most recently Chief Financial Officer of Facebook, and prior to that was the Chief Financial Officer of YouTube and the Treasurer / SVP Finance at Yahoo. Kim previously worked in Cleantech investing at CMEA and at GE Capital where he worked with companies including A123 Systems, Danotek and Solyndra. Together, the new partners bring a wide range of experience and contacts. They join an existing team of partners all of whom have hands-on experience in building their own startups and in operations.

“We are not financiers. Capital is a small part of what we provide to entrepreneurs,” said Pierre Lamond. “We like to understand the technologies we invest in ourselves, then focus on building the right team that understands the underlying technology. This is becoming even more critical in the technology-intensive world of Cleantech.”

About Khosla Ventures

Khosla Ventures offers venture assistance, strategic advice and capital to entrepreneurs. The firm helps entrepreneurs extend the potential of their ideas in breakthrough scientific work in clean technology areas such as bio-refineries for energy and bioplastics, solar, battery and other environmentally friendly technologies as well as traditional venture areas like the Internet, computing, mobile and silicon technology arenas. Vinod Khosla founded the firm in 2004 and was formerly a General Partner at Kleiner Perkins and founder of Sun Microsystems. Khosla Ventures is based in Menlo Park, California. More information is available at http://www.khoslaventures.com/.

Contacts Khosla VenturesPaula Ponce Chaltas, 650-376-8505pc@khoslaventures.com



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Green Investor News: Natural Gas Alternative Company Magnegas Corporation (OTCBB: MNGA) Secures $1.2 million PO

Green Investor News: Natural Gas Alternative Company Magnegas Corporation (OTCBB: MNGA) Secures Asset Purchase and Distribution Agreements for Previously Announced $1.2 million Equipment Purchase Order

POINT ROBERTS, WA and DELTA, BC –July 7, 2009 – Investorideas.com and www.RenewableEnergyStocks.com, a leading global investor and industry portal for the renewable energy sector within Investorideas.com, feature news h- lites from Magnegas Corporation (OTCBB:MNGA) and GWS Technologies, Inc. (OTCBB: GWSC).

Green Investor News Hi- Lites

MagneGas Cements Previously Announced $1.2 Million Purchase Order with Definitive Agreements
Signed Asset Purchase and Distribution Agreements Lock in Business

MagneGas Corporation (www.magnegas.com) ("MagneGas" or the "Company") (OTCBB: MNGA), a producer of a metal cutting fuel and natural gas alternative made from liquid waste, announced today that it has secured signed Asset Purchase and Distribution Agreements (the "Agreements") for the previously announced $1.2 million equipment purchase order and subsequent launch of the Philippines and Vietnam markets. MagneGas previously entered into a Memorandum of Understanding on May 18, 2009 and these Agreements now solidify that business and the remaining payments timeline. MagneGas has already received a $100,000 deposit from purchaser American Investment Co. ("American") which will pay MagneGas the remaining $1.1 million according to the following schedule:

$390,000 to commence construction, payable on or before December 1, 2009; and
Balance of $710,000 due prior to delivery of the refinery (refineries typically take 3 - 6 months to complete)
"We strongly believe that this demonstrated ability to convert stated interest to financial commitment is a significant leap forward for MagneGas," stated Company President Richard Connelly. "With the signing of these Agreements we have moved definitively from potential to progress."

FORWARD-LOOKING STATEMENTS

The information contained herein includes forward-looking statements. These statements relate to future events or to our future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance, or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond our control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects our current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to our operations, results of operations, growth strategy and liquidity. We assume no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future. The safe harbor for forward-looking statements contained in the Securities Litigation Reform Act of 1995 protects companies from liability for their forward-looking statements if they comply with the requirements of the Act.

Contact:
Cirrus Financial Communications, LLC
Justin K. Davis
(866) 330-MNGA (6642) Email Contact
justin.davis@cirrusfc.com
http://www.cirrusfc.com
Source: MagneGas Corp.


GWS Technologies Inc. Retains DME Capital LLC to Implement Global Investor Relations Program
SCOTTSDALE, Ariz. -- GWS Technologies Inc. (OTCBB: GWSC) announced that it has retained DME Capital LLC, a New York based Investor Relations firm to expand the Company’s strategic investor relations program.
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GWS Technologies, Inc. (OTCBB: GWSC), GWS stands for GreenWindSolar. We are a renewable energy technology company developing and marketing solar and wind-powered renewable energy products and solutions. Our products and solutions are part of the new microgeneration movement that is transforming the way businesses and consumers provide for their energy needs. The company was founded in 2005 and is headquartered in Scottsdale, Arizona. Website: www.greenwindsolar.com

Magnegas Corporation (OTCBB:MNGA) is the producer of MagneGas(TM), a natural gas alternative and metal cutting fuel made from liquid waste such as sewage, sludge, manure and certain industrial and oil based liquid wastes. The Company's patented Plasma Arc Flow(TM) process gasifies liquid waste, creating a clean burning fuel that is essentially interchangeable with natural gas, but with lower green house gas emissions. MagneGas(TM) can be used for metal cutting, cooking, heating or powering bi fuel automobiles.

XsunX, Inc. (XSNX.OB) is a thin-film photovoltaic ("TFPV") company that is executing a phased plan to build and operate 100+ mega-watts (MW) of thin film solar module manufacturing capacity. The Company is working to implement the installation of its base production infrastructure in Oregon, USA and develop initial production capacities necessary to service sales agreements as soon as possible.
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