Venture-capital firms invest in trends by projecting returns. But most projections are pretty much bogus, and research shows that experts are no better at predicting the future than dart-throwing monkeys.

I'm very excited by biomass and biofuels. We have a company, KiOR, that turns biomass - for instance, wood chips - into gasoline. The potential value of this company is huge. It could compete with regular crude oil without subsidies.

Environmentalists get in the way. They often ask the right questions, but they're chasing the wrong answers - often hypothetical or uneconomic solutions.

Vinod Khosla Quotes