Khosla bets big on SPAC boom, rais­ing $1.2 bil­lion for 3 vague­ly tar­get­ed blank-check com­pa­nies

Khosla Ven­tures had large­ly sat out the past year’s SPAC boom. That changed late last week, though,  when the promi­nent Sil­i­con Val­ley VC filed for three blank check com­pa­nies at once, promis­ing to raise $1.2 bil­lion to find and even­tu­al­ly take three dif­fer­ent im­pact­ful com­pa­nies pub­lic.

Khosla didn’t of­fer much de­tail on what fields or in­dus­tries they are aim­ing for, with man­ag­ing part­ner Vin­od Khosla writ­ing in­stead a brief but polem­i­cal let­ter on the im­por­tance of star­tups and rein­ven­tion and the val­ue of be­ing George Bernard Shaw’s un­rea­son­able man. They al­so used the copy-paste func­tion to write most of the S-1 for what will be known as Khosla Ven­tures Ac­qui­si­tion Co. II, and Khosla Ven­tures Ac­qui­si­tion Co. III, so it’s dif­fi­cult to get a gauge on where the firm plans on tar­get­ing their shell cor­po­ra­tions.

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