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The Rise of the Venture Corporatists

By Lachlan Markay, The Federalist - October 2, 2013

When biofuel company Amyris went public in September 2010, market watchers were unimpressed. The company was shooting for a $100 million initial public offering. It ended up making $85 million on the day.

 

Some of its top investors, though, profited handsomely. Venture capital firm Kleiner Perkins Caufield Byers pulled down $69 million on its $16.5 million investment. Khosla Ventures, another VC firm, made $65.4 million on its initial $15.6 stake.

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