<p>The Silicon Valley venture capitalist's firm Khosla Ventures is an early investor in Square.<br />Khosla will be replacing Gideon Yu, Facebook's former chief financial officer.<br /><br />Yu recently left the company's board and Khosla Ventures to join the professional football team San Francisco 49ers as Chief Strategy Officer.<br /><br />"Square is thrilled to welcome Vinod to our board. We have worked closely with Khosla Ventures since our inception and Vinod's expertise, history and input will be a tremendous asset to our company as we continue to grow," Square CEO Dorsey said in a statement.<br /><br />In 2009, Khosla Ventures led Square's initial venture round queueing up the company for its launch, and participated in Square's Series B round in January 2011, the mobile payment firm said.<br /><br />The IIT-Delhi alumnus co-founded Sun Microsystems in 1982.<br />He went on to become a general partner at Kleiner Perkins and then founded his own venture fund Khosla Ventures in 2004.<br /><br />Khosla currently manages more than USD 1 billion in investor money. His firm focuses on clean technologies and information technologies.<br /><br />Square, which recently received new strategic investment from Visa, achieved a target of processing USD 3 million in payments per day.<br /><br />The company aims to process USD 1 billion in payment volume within a year.</p>
<p>The Silicon Valley venture capitalist's firm Khosla Ventures is an early investor in Square.<br />Khosla will be replacing Gideon Yu, Facebook's former chief financial officer.<br /><br />Yu recently left the company's board and Khosla Ventures to join the professional football team San Francisco 49ers as Chief Strategy Officer.<br /><br />"Square is thrilled to welcome Vinod to our board. We have worked closely with Khosla Ventures since our inception and Vinod's expertise, history and input will be a tremendous asset to our company as we continue to grow," Square CEO Dorsey said in a statement.<br /><br />In 2009, Khosla Ventures led Square's initial venture round queueing up the company for its launch, and participated in Square's Series B round in January 2011, the mobile payment firm said.<br /><br />The IIT-Delhi alumnus co-founded Sun Microsystems in 1982.<br />He went on to become a general partner at Kleiner Perkins and then founded his own venture fund Khosla Ventures in 2004.<br /><br />Khosla currently manages more than USD 1 billion in investor money. His firm focuses on clean technologies and information technologies.<br /><br />Square, which recently received new strategic investment from Visa, achieved a target of processing USD 3 million in payments per day.<br /><br />The company aims to process USD 1 billion in payment volume within a year.</p>