Tony Blair joins Indian-born billionaire`s US firm

Former British PM has landed a job as adviser to Vinod Khosla`s US-based venture capital firm.

London: Former British prime minister Tony Blair, who has landed a job as adviser to Indian-born billionaire Vinod Khosla`s US-based venture capital firm, says he shares a "clear vision" with the tycoon, "one of the earliest leaders in cleantech investment".

Blair is to lend his expertise and "global relationships" to the California-based Khosla Ventures, which specialises in promoting environmentally friendly technology, The Guardian reported on Tuesday.

Vinod Khosla is one of the founders of the computer firm Sun Microsystems. The 55-year-old tycoon has a fortune estimated by Forbes magazine at USD 1.1 billion. He says that the world should look for technological breakthroughs to find "clean" alternatives to oil, coal, cement and steel.

Blair said: "Solving the climate crisis is more than just a political agenda item - it`s an urgent priority that requires innovation, creativity and ambition."

"I share a clear vision with Vinod, one of the earliest leaders in cleantech investment, that entrepreneurs in Silicon Valley and beyond will have a tremendous impact on our environmental future," a statement quoted Blair as saying.

His appointment to the Silicon Valley firm was announced on Monday at a summit for the firm`s investors in Sausalito, near San Francisco, the media report said.

Blair told the Wall Street Journal that the job was "not a pro bono" role.

Khosla said the arrangement would allow him to "ask Tony for advice" and he told the WSJ: "Tony`s going to help us in many areas that techie nerds like us in Silicon Valley don`t understand."

IANS

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