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June 12th, 2004
Venture capitalist chastises buzz around nanotech
One of the valley's most successful venture capitalists is railing against what he sees as the latest bubble: nanotechnology. And that has the industry steamed. Vinod Khosla, partner at Kleiner Perkins Caufield & Byers, has fired salvos at Palo Alto start-up Nanosys, which plans to offer shares publicly but has no revenue for the foreseeable future. He has criticized investment bank Merrill Lynch for hyping the industry just like bankers did during the Internet bubble.
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