Khosla Ventures Acquisition Co.
General Information | |
Business: | (Note: This is a blank-check company or SPAC offering of Class A common shares – NOT units. Most SPACs are unit offerings.) Vinod Khosla, the co-founder of Sun Microsystems and the founder of Khosla Ventures, is the founder of Khosla Ventures Acquisition. The CEO is Samir Kaul, a founding partner and a managing director of Khosla Ventures. The CFO and COO is Peter Buckland, who is also the COO of Khosla Ventures, where he is also a partner and a managing director. Khosla Ventures has a long track record of successfully investing early in category-defining companies traditionally funded by venture capital firms across multiple industry verticals such as consumer (DoorDash, Instacart, Opendoor), enterprise software (RingCentral, Okta, Nutanix and Gitlab), financial services (Square, Affirm and Stripe) and health (Guardant Health and Oscar). Additionally, Khosla Ventures has a long and successful track record of identifying large and attractive markets typically ignored or underinvested by venture capital and successfully identifying, investing early, incubating and/or building successful companies in these segments such as food & agriculture (Impossible Foods), robotics (Berkshire Grey), batteries (QuantumScape) and space (Rocketlab). Mario Schlosser, the CEO of Oscar Health, has agreed to serve as a director of Khosla Ventures Acquisition. The mission of Khosla Ventures is to be “bold, early and impactful.” The Khosla Ventures team considers themselves to be technology optimists that believe, with time and focus, what can be imagined technologically reasonably can be invented. Khosla Ventures believes that we are only at the beginning of a new era of technology-enabled inventions that will shape the human world and disrupt the way we live and work, with innovation in the areas of food, digitization, robotics, artificial intelligence, as a few examples, having the potential to achieve food abundance, reshape cities, knit humanity, and enhance human capability exponentially. (Note: Khosla Ventures Acquisition priced its SPAC IPO of Class A common stock on March 3, 2021, in line with the terms in its prospectus: 30 million shares at $10 each to raise $300 million.)
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Industry: | BLANK CHECKS |
Employees: | 0 |
Founded: | 2021 |
Contact Information | |
Address | 2128 Sand Hill Rd Menlo Park, CA 94025 |
Phone Number | (650) 376-8500 |
Web Address | |
View Prospectus: | Khosla Ventures Acquisition Co. |
Financial Information | |
Market Cap | $359.0mil |
Revenues | $0 mil (last 12 months) |
Net Income | $0 mil (last 12 months) |
IPO Profile | |
Symbol | KVSA |
Exchange | NASDAQ |
Shares (millions): | 30.0 |
Price range | $10.00 - $10.00 |
Est. $ Volume | $300.0 mil |
Manager / Joint Managers | Goldman Sachs/Piper Sandler |
CO-Managers | - |
Expected To Trade: | 3/4/2021 |
Status: | Priced |
Quiet Period Expiration Date: | Available only to Subscribers |
Lock-Up Period Expiration Date: | Available only to Subscribers |
SCOOP Rating | Available only to Subscribers |
Rating Change | Available only to Subscribers |