Nine years after he bought an 89-acre parcel near Martins Beach in San Mateo County, California, Silicon Valley venture capitalist Vinod Khosla appears to have given up on his battle to block public access to the shore.
Khosla was found to be in violation of the California Coastal Act when, in 2009, he began locking a gate to a road that leads down to a parking lot on the beach. Khosla reportedly paid $37.5 million for a beach-adjacent property in 2008, and the path that provides access to Martins Beach passes through land he owns. Khosla, who runs his own firm, read more >>>
Source : BusinessInsider.Com