Venture capitalists going green

Silicon Valley venture capitalists are pouring cash into solar power, fuel cells, wind energy, biofuels, new lighting microchips, “smart” power grids, and other innovative energies, according to a Boston Globe article.

“The best brains in the country are no longer working on the next pharmaceutical drug or the next Silicon Revolution. They want to work on energy,” said Vinod Khosla, a top venture capitalists in Silicon Valley.  “It is under-researched. There are easy pluckings. Oil companies spend no money on research, especially outside of how you discover more oil.”

It could be years, however, before “clean” power plans translate into commercial products, not only because of scientific barriers, but also due to uncertainties about timing, market development and competition.

The microprocessor, the brain of computers, was developed in 1971 but it took another 10 years before pioneer Intel found a market for the device in personal computers.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s


%d bloggers like this: