I see a pattern in the article.  The pattern seems to apply to the writers of the article and also Khosla and his firm.<p>The pattern:  Hover about 100,000 feet above reality where really can&#x27;t tell the difference between a horse, cow, or bison.  Can&#x27;t tell the difference between a Model T and a current Chevy SUV.  Instead, just look at really simple, crude, external things and ignore the complicated, internal, crucial, core things.  Like trying to learn how to build a rocket to go to Mars by watching all the episodes of <i>Star Trek</i> or all movies of <i>Star Wars</i>.  Like trying to learn auto engineering by watching NASCAR races on TV.<p>Silicon Valley has managed to get by with this view from 100,000 feet because of some special considerations, but in general for engineering, applied research, and advanced technology that 100,000 foot view doesn&#x27;t work.  Instead, details matter, right down to the last nut, bolt, washer, wire, switch, light, clamp, tube, weld, etc.<p>Silicon Valley?  Okay:  A startup is based on software.  The hardware and systems software are rock solid and standard.  Clearly there is <i>traction</i>, significantly high and growing rapidly.  The product&#x2F;service is clearly for a large market.  The technology is clearly highly scalable by routine means.<p>All the technical parts are just routine software that can be done by a major fraction of the software developers in Silicon Valley.  Nothing else looks bad.<p>There are several founders, each male, each with a pregnant wife.  The founders are desperate for some cash and are eager to sign a term sheet with some really onerous terms, things like claw backs, cram downs, liquidity preferences, pro rata rights, with four year vesting of the stock by the founders, and where the BoD is dominated by the venture investors and can fire anyone in the company for any reason or no reason before their stock is vested.  So, presto, bingo, invest.  Biofuels are very different.  Sorry Vinod.