ON THE RECORD: VINOD KHOSLA

1of6Venture capitalist Vinod Khosla discusses green technology and biofuels at his firm's office in Menlo Park, Calif., on Wednesday, April 23, 2008. Photo by Paul Chinn / San Francisco ChroniclePaul Chinn/The ChronicleShow MoreShow Less Flush with money and determined to save the world, the green-tech industry stands in full flower of its giddy youth. Venture capitalists are pumping billions into

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Vinod Khosla argues: "So the important thing I like to say is that most investments will fail, but more money will be made than was invested. The experimentation is very important because without that funding, a Facebook would never have emerged."