Khosla Ventures Adds Andrew Chung From Lightspeed

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

Andrew Chung Joins Khosla Ventures as Partner
Veteran Cleantech Investor Rounds out Team

MENLO PARK, Calif. – September 15, 2011 – Khosla Ventures, a leading Silicon Valley venture capital firm, today announced the addition of Andrew Chung as a Partner.  In this role, Mr. Chung will focus on developing leading companies in cleantech and information technology.  He will be the firm’s sixth investing Partner, joining founder Vinod Khosla, Samir Kaul, Pierre Lamond, Shirish Sathaye, and David Weiden.

Mr. Chung joins Khosla Ventures from Lightspeed Venture Partners, where he helped build the firm’s cleantech practice.   During his five-year tenure at Lightspeed, he helped drive and manage the firm’s investments in Solazyme (SZYM, biofuel), Stion (solar), LS9 (biofuel), Coaltek (clean coal), Leyden Energy (energy storage), Orbis (online education), and Personalis (genomics).

“Our firm has set out to reinvent the infrastructure of society, and it requires great minds to accomplish our goals,” said Vinod Khosla.  “Andrew is an outstanding addition to Khosla Ventures, and his investment experience makes him a tremendous asset to the firm and our entrepreneurs.  I’m very excited to welcome Andrew to our partnership.”

“Khosla Ventures has the broadest platform for cultivating breakthrough technologies in cleantech,” said Mr. Chung.  “I’m thrilled to join Vinod and his world-class team in building the industry’s most innovative companies.  I’m grateful to have worked with the exceptional team at Lightspeed and expect to extend my relationship with the firm through future collaborations in cleantech and beyond.”

Prior to joining Lightspeed, Mr. Chung was an investor at Bain Capital and TL Ventures, was a management consultant with Bain & Co. in Greater China, and co-founded UberWorks, an Internet startup incubated at Trilogy that was later acquired by a public company.  Mr. Chung holds an MBA from The Wharton School of the University of Pennsylvania and graduated Phi Beta Kappa in Applied Mathematics from Harvard University.

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 www.khoslaventures.com.