Venture Capitalism to the Rescue?

Venture Capitalism to the Rescue? 0

Submitted by

theodp

on Saturday October 04 2008, @01:27PM

theodp writes "Al Gore, Bill Joy and a Norwegian cutie — a TH!NK open electric car — grace the cover of the latest NYT Magazine, which asks: Can the venture capitalists at Kleiner Perkins reduce our dependence on oil, help stop global warming and make a lot of money at the same time? While Kleiner Perkins — which funded Genentech, Netscape, Google and others — has a number of other green-tech bets including Bloom Energy (fuel cells), Ausra (uses solar energy to generate steam to produce electricity), Amyris (uses synthetic yeast to convert sugar into diesel and jet fuel), and Miasolé (thin film solar cells), a partner says its goal is 'to make a lot of money for our investors,' not to save the environment."

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