Sac Area Clean Technology Sector Enters New World
The green rush is over. Now what?
For much of the past decade, venture capitalists showered dollars upon clean-technology startups with promising-sounding ideas in areas like solar, electric cars and biofuels.
That era appears to have ended. Professor Hargadon comments on clean tech and the funding shift.
“When you map out what makes venture capital work, and you map out what the clean-tech sector is like, it doesn’t fit very well. Companies take a long time to grow. Customers don’t turn over (to new energy products) that fast,”
- Professor Andrew Hargadon.