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Khosla Ventures hires former top diplomat Condoleezza Rice

Khosla Ventures, the venture firm founded by Sun Microsystems co-founder Vinod Khosla, said it had retained former Secretary of State Condoleezza Rice and her consulting firm as strategic advisers.The move points to the growing importance venture firms attach to helping their portfolio companies with policy and regulations."We'll help the companies navigate government and regulatory concerns abroad," said Anja Manuel, a partner at RiceHadleyGates, Rice's consulting firm. "We'll help with negotiating the world of emerging markets, understanding where to expand to."The firm will also help with executive coaching, she added.Understanding overseas markets is increasingly important as so many Khosla companies find themselves doing business all over the world, said Khosla partner Samir Kaul. Global expertise is crucial for energy companies, he said, an area in which Khosla has a number of investments, especially in the alternative-energy sector.Kaul said he and Rice first got to know each ot...

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