Vinod Khosla doesn’t really need an introduction within the startup community. He started in 1982 with his first venture Sun Microsystems, and since then there has been no looking back. He has an estimated net worth of $1.5 Bn. First as the General Partner of Kleiner Perkins Caufield & Byers, and later with his own venture capital firm Khosla Ventures, Khosla became a recognised venture capitalist, with several successful early stage investments.
The success achieved by him has laid a path of learning for upcoming entrepreneurs. Here are 10 success pointers from Vinod Khosla:
With enough persistence, most things that seem impossible become possible. He cited an incident when he got his green card while he was still studying at the business school, without even working for any company. “I became my own lawyer as none was ready to be my representative. And I did that totally legally.
Amazon started with just books and now it sells everything. Facebook was just an attempt by Mark Zuckerberg to connect all Harvard students on one platform, not some billion people on the planet. The most important thing is to start, even if it appears small. When someone starts with an innovative idea, he himself is not aware how big it can become. One should continue innovating, building on it, at one step at a time, with a hope of making it much larger.
Most people look at taking start a business, make some money, and do the round trips, i.e. moving up and down with figures. To build a durable business, one really has to focus upon adding value proposition. In long term, one can not build a viable business without making a contribution.
Have The Guts To Follow Your Beliefs
“I was the only person from my batch who opted for entrepreneurship and not a job at any investment bank,” says Khosla. One should follow his own beliefs, and should not do anything just to ‘fit in’ or make it look good to others, and should not ponder upon what others think of it. Because nobody knows you, your plans and your strategies better than you.