Clean Tech Investors Say To Industry There Is No Bubble
Wall Street Photo Credit: Phillie Casablanca
Some of the most notable investors in clean technology were present at West Coast Green 2008 to talk about the state of clean tech investing.
Speakers included Paul Holland, General Partner of Foundation Capital, Trae Vassallo, Partner with Kleiner Perkins Caufield & Byers, Fahri Diner, Managing Director of Sigma Partners, and Raj Atluru, Managing Director of Draper Fisher Jurvetson.
During a small panel, they shared where they think clean tech is going.Key points:
Last Year there was $3.9 billion in venture capital for clean technology
There is no bubble - there are so many areas of technology to explore and a growing need to explore them. Though, the economy isn't helping much.
Green investing is on the minds of all investors. It is indeed the future of investments. As an example, Kleiner Perkins, in 2002 they had zero dollars in green investments. But now their portfolio is comprised of over 50% green investments.
The main areas of interest are smart grids, green building, alternative energy including solar, wind, and biofuels, energy storage, and transportation - though all areas of breakthrough tech are of interest.
More on Clean Tech Investing:
Green Tech Investments Have Positive Outlook for 2009
The TH Interview: Mark Tercek—An Investment Golden Boy Heads for the NGO World
Investment in Solar Cells to Equal Semiconductors by 2010
CleanTech Investments in India Increased by 58% in 2007
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