Vinod Khosla

We invested in Juniper. It was a 2,500x return for us at Kleiner.

1996, since you brought up Juniper, the Internet was growing but not yet clear. The senior management of every major telco in the United States told me they would never adapt TCP IP for the Internet. And I said, fine, we'll build Juniper to build TCP IP. Cisco told me they would never do TCP IP above what is probably your home service today, OC12. Never. And so, we built TCP IP.

part of my interest in funding OpenAI was when we looked at it, when I looked at it, there was two major centers of excellence in AI. There was Google. DeepMind. They had DeepMind and GoogleBrain, but Google. And then there was an effort at Baidu. And I was very worried the Chinese might win that. I'm hawkish on China. I have no trust there. And I love Graham Allison's book, Destined for War. I'm a complete believer in that thesis. But I thought it'd be valuable to create a third center, and tha

It's a very good model to sustain and generate profit for a non-profit to scale. Like, I think the European model, some of these examples are really, really great. Ikea, Bosch, they have very large non-profit ownership. And I think that's a very good model to scale.

I was so convinced in open AI, I placed twice, our initial investment was twice the largest previous investment I'd made in 40 years in venture capital.

Cisco was a rout router but it was routing software that was running on sun motherboards originally and Son's model if those who remember it was was the network is the computer and I considered stupid that we didn't realize I didn't realize that networking would be a huge thing as big as Computing and Cisco became at one point a higher market cap than Sun I mean that's pure like duh what what what what was I thinking