Silicon Valley venture capitalist Vinod Khosla has stepped into the middle of a long-standing controversy over a California tradition: open access to the state’s famed beaches.

Khosla Ventures’ performance numbers don’t look bad considering its heavy allocation to clean technology. But the firm hasn’t really sold much. It’s hanging on to stakes in now-public biofuel companies and most of best performing investments are still private.

Metamarkets, the big data analytics firm, just completed a $15 million fundraising led by new investor Khosla Ventures. Existing investors, including IA Ventures and True Ventures, also participated in the round. Vinod Khosla will join the company as an advisor. The second round of funding for Metamarkets brings its total funding to $23 million. PRESS [...]

It’s Friday. Time to catch up on stories you might have missed during a busy week. Following are the peHUB posts that garnered the most unique pageviews from our regular readers between Nov. 28 and Dec. 2.

ONE: The Uniforms of Silicon Valley, a Slideshow – by Connie Loizos
TWO: Quien Es Mas Macho? A Slideshow of the Top 5 U.S. PE Funds this Year – by Luisa Beltran
THREE: Four Ways to Finesse Your Way into the Top Quartile – by Joanna Glasner
FOUR: Most Active VC firms in October: Slideshow – by Alastair Goldfisher
FIVE: Slideshow: Maine Reveals Bite Taken By Fees, Expenses – by David Toll
SIX: Venture Backed IPOs Feel The Pain, But Some Stay Above Water – by Mark Boslet
SEVEN: Court Backs Subpoenas Of Castle Harlan Over Quick Flip – by Bernard Vaughan
EIGHT: Slideshow: European PE Performance First Half 2011 – by Angela Sormani
NINE: Parish Capital Hands Keys to StepStone – by Gregory Roth
TEN: When the Majority Is Wrong – by Larry Cheng

Black Friday, Cyber Monday: the U.S. has once again kicked its consumption into high gear. But if Silicon Valley’s elite spends lavishly on clothing, you can bet it bet it will be understated. It’s the Silicon Valley way. And why? Because fashion takes time and effort, people, and no one wants to be accused of [...]

When gambling on high-risk startups, the more bets you place the better, right? Maybe not. There is an unspoken discussion going on in Silicon Valley now about the value of “Portfolio” versus “Persistence,” especially among people who have never started a company. The claim is that you can improve the odds of a Facebook-like outcome [...]

Vinod Khosla is said to have has closed a new $1.05 billion fund that will enable his firm, Khosla Ventures, to continue its cleantech as well as Internet and mobile investing. (Update: The new fund, Khosla Ventures IV, along with a vow not to follow the herd but to originate new areas, was announced in [...]

American Express, JPMorgan Chase and Citi joined together to provide Rearden Commerce, the e-retailer with $133 million in development capital, some of which was used to acquire HomeRun.com, a daily deals site. Specifics of the acquisition were not publicized. Other Rearden include Vinod Khosla and Oak Investment Partners.

Time to catch up on the stories your colleagues found most compelling on peHUB this week. Here are the top 10 posts that garnered the most pageviews from regular readers from Sept. 12 to this morning, Sept. 16.

ONE Sequoia’s Doug Leone to Mike Arrington: Why You Want to Be a VC is Beyond Me — by Connie Loizos
TWO Top 10 IRRs from University of California’s Mid-Decade Venture Binge (Slideshow) — by Mark Boslet
THREE Slideshow: Dealt a Bad Hand? — by Jonathan Marino
FOUR Vinod Khosla: ‘I Don’t Much Like the Venture Profession’ — by Connie Loizos
FIVE VC Icon Tom Perkins Takes Swipe at Kleiner Perkins’ Big Bets on Cleantech — by Sarah McBride, Reuters
SIX Slideshow: Venture Capital’s Biggest Flops — by Joanna Glasner
SEVEN AOL Makes It Official: Arrington Is Out (slideshow) — by Lawrence Aragon
EIGHT Slideshow: 16 Alleged CalPERS Gift-Violators Face Fines — by Gregory Roth
NINE Study: Need a Fast Flip? Don’t Change the Management Team — by Connie Loizos
TEN Thiel and Levchin Offer ‘Blueprint’ for Solving Innovation Crisis — by Joanna Glasner

Khosla Ventures said it added Andrew Chung as the firm’s sixth investing partner, joining founder Vinod Khosla, Samir Kaul, Pierre Lamond, Shirish Sathaye, and David Weiden. Chung, formerly with Lightspeed Venture Partners, will focus on cleantech and information technology. Chung’s hire follows the departure of Alex Kinnier and Jim Kim earlier this year. PRESS RELEASE [...]