Asia Pacific

  • Sun Co-Founder Khosla Promotes Micro-Finance To End Indian Poverty

    Sun Co-Founder Khosla Promotes Micro-Finance To End Indian Poverty

    16 December 2010

    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 initial public stock offering 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.

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