Thursday, January 7, 2010

Green technology fizzle?

Here's an interesting little brief from the business page in a major national paper the other day; it cites Todd Chaffee, a general partner (and venture capitalist) at Institutional Venture Partners.

After years of breathless excitement about green technology, many venture capitalists have grown skeptical. “That one has been overhyped,” Mr. Chaffee said.

Venture capitalists invested just $1.6 billion in clean tech companies in the first nine months of 2009, compared with $3.1 billion in the same period in 2008, according to the National Venture Capital Association.
Many still think that saving the earth could be profitable, but on a smaller scale. Foundation Capital is interested in applications that use the smart electric grid to monitor, distribute and conserve energy. Battery Ventures is looking at companies that make devices like computers more energy efficient.
You can find the entire article here.

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