Tony Blair, the former prime minister of Britain, will soon start his new innings in venture capital play. Blair has already formed a partnership with Khosla Ventures, a Silicon Valley-based venture capital firm led by Vinod Khosla, an India-born investor and entrepreneur, reports The Wall Street Journal.
Blair will join the firm as senior adviser and will guide the fund in its investment in alternative energy and energy efficiency solutions space. The development is interesting as it comes at a time when global thought leaders are finding solutions to reduce carbon emission. His association is likely to help in generating awareness about using clean technology globally.
Khosla Ventures offers venture assistance, strategic advice and capital to entrepreneurs. It invests primarily in clean technology areas such as solar, battery, high efficiency engines, lighting, greener materials, besides traditional ventures including internet, computing, mobile and silicon technology areas.
As part of his role, Blair will help to connect the public policy space with the entrepreneurial sector. “Tony’s going to help us in many areas that techie nerds in Silicon Valley like us don’t understand,” quoted Khosla in the report.
Vinod Khosla founded the firm in 2004, and is based in Menlo Park, California. Khosla was formerly a general partner at Kleiner Perkins, and founder of Sun Microsystems. Last year, the fund raised over $1 billion in two new funds, for seed-stage and larger investments.