Prominent venture capitalist is betting big on solar-thermal technology
Aug 27, 2007 /Tyler Hamilton, Energy Reporter
Source: The Star.com
http://www.thestar.com/columnists/article/250043
The Cleantech Network released an insightful report last week that paints a rosy picture of the clean-technology sector, highlighting 2006 as a year of significant expansion. “The year 2006 proved to be even more exciting than 2005,” the report states. “Total venture investment rose; M&A (mergers and acquisitions) and IPO (initial public offerings) remained robust; public policies gained clarity and purpose; and innovators showed they were up to the task of developing and marketing new and better ways to conserve natural resources.” Among the highlights of the report is that investment in clean-tech companies rose 70 per cent, to $3.9 billion (U.S.) in 2006, with clean-energy-related investments such as solar and biofuels accounting for more than $3 billion of that.
Amid all the hype – and the hype, at this point, may be justified – it’s fair to ask whether all clean-tech investments are created equal. Some investors have strong views on this, including Vinod Khosla, founder of Khosla Ventures and a long-time partner with venture capital titan Kleiner Perkins Caufield & Byers (the firm that made early and successful bets on Google, Amazon.com and AOL). (more…)