Tuesday, May 25, 2010

A fool and his money

I suppose there is no fool like a rich fool, a description which surely must apply to Californian billionaire Vinod Khosla. He has just employed ex-prime minister Tony Blair to give strategic advice to Khosla Ventures, a venture capital firm that invests in companies pursuing green technologies.

On two counts (at least) Khosla is wasting his money: firstly, Blair's star is very much on the wane; secondly, the greenie bubble is about to burst (and, in fact, is already bursting). But there is no better indication of Khosla's incipient madness than in his statement concerning the employment of Blair.

"With Tony's advice and influence, we will create opportunities for entrepreneurs and innovators to devise practical solutions that can solve today's most pressing problems," says the man. Fer Chrissakes! Blair couldn't even do that when he was prime minister. Why should he be any better at it now?