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Randy Komisar, Partner Kleiner Perkins speaks about venture capital @Investors Circle Spring Forum. Â As much as the individuals @KPCB may be mission driven, they have to marry mission to outsize returns. Scale is a very important part of what he has to do every day as he sorts through opportunity sets. Â It was mission that drove KPCB into cleantech investment. Â It was mission that was attached to the expectation that they would be able to create big businesses that scaled, found liquidity & had a large impact as a result. That has turned out to be a much harder industry to invest in & they have really had a difficult time realigning what they knew about tech investing & applying it to cleantech. Â Hopefully they’re getting it right, getting better? Â Things that take a long time to liquidity, things that take lots & lots of capital to get to liquidity those are generally not great venture investments. When talking to any vc, they have a business & that business is investing other people’s money & they have to return other people’s money with extraordinary returns on a regular basis in order to raise their next fund. Investors have to marry their mission & purpose with business fundamentals.