Khosla, Sun Co-Founder, Uses Capitalism to Help Poor
Wednesday, October 6, 2010
MUMBAI, India – Vinod Khosla, the billionaire venture capitalist and co-founder of Sun Microsystems, was already among the world’s richest men when he invested a few years ago in SKS Microfinance, a lender to poor women in India.
But the roaring success of SKS’s recent initial public stock offering in Mumbai has made him richer by about $117 million – money he says he plans to plow back into other ventures that aim to fight poverty while also trying to turn a profit.
And he says he wants to challenge other rich Indians to do more to help their country’s poor.