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Venture Capital Down 50%. It’s Not Just the Recession, Folks.
There’s a huge difference between what venture capitalists say and what they do. For much of the last decade some of the same partners that keep saying Silicon Valley will never decline as the startup epicenter of the world are spending every month flying to China. And of course in the post-2000 years every partner said, “Oh we never really got into that whole dot com thing …” Huh.
Mitch Epstein for The New York Times Off the Grid: Bloom Energy’s fuel cells, a low-emission, ‘‘fuel flexible’’ power source — and one of Kleiner Perkins’s biggest green-tech bets. Ausra, a start-up in Palo Alto, Calif., uses mirrors to concentrate solar energy on water pipes to produce steam and, ultimately, electricity. The first installation, in 2011, should power more than 100,000 homes.
Capitalism to the Rescue - Green Tech Rising