Interesting contrast to an earlier greentech post about Vinod Khosla and his VC firm; these guys talk about incremental change. It really highlights the differences in VC strategies:
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From GigaOm:When it comes to clean-energy investing 2.0, venture capitalists are beyond looking for the silver bullet — or the magic battery –- they spent the last decade hunting and hoping for.
Today, VCs are more likely to invest their dollars in slightly less ambitious energy-efficiency projects, Paul Kedrosky, senior fellow at the Ewing Marion Kauffman Foundation, told the audience at GigaOM’s Green:Net conference. Kedrosky sat down with a panel of VC heavy hitters for a discussion on what’s hot and what’s not in the second wave of clean-tech investing.
And what’s hot, they all agreed — is incremental improvements.
“Obviously we’ve known how to insulate a house for a long time and close the gaps underneath your door. It’s certainly about incremental improvements. The question is how to build that to scale and extract revenue from it,” said Nat Goldhaber, managing director of Claremont Creek Ventures. “We keep this in mind every day as companies visit us.”
