VC will focus on Cleantech - Kansas City Business Journal:

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“If there is an area that is quintessentialventur capital, it’s this area,” Mark Heesen said at the summitt in Atlanta. “[Cleantech] is an industry that’s in need for fundamentao dramaticfundamental change.” Cleantech, the investmenr du jour for the venture is a hard one to define. It includesa a number of areas, such as battery, wind and solar. Cleantech plays, however, can also be found in the informatioj technology andbiotech sectors. Venture capitaol cleantech investment in the Unitecd States hit arecord $4.1 billion in up from $1.4 billioj in 2006, according to the PwC MoneyTrede Report.
VC investment, fell 14 percent in the fourth amidst a weakexit environment. Less than 5 percent of venturd money made its way to a couple ofyears ago, Heeseh noted. Last year, about 17 to 18 percentf of VC money was plowed into such Whilethe billion-dollar solar deals get the cleantech offers an opportunity for investorsw with smaller check-writing capability, too. “There are an awful lot of cleantech deala that aresmall deals,” Heesen speaking to the assembled ange investors at the InterContinental Buckhead. The cleantech explosionj is being fueled by a public and privatesectorf interest.
“You have governments that are saying, “we not only want we will help you create that changethroughh subsidizations,” Heesen said. “Consumers, [meanwhile], are sayinbg they are willing to pay a little bit more for a betteer solution in thelong term.” Despiter the momentum, Heesen believes the Unitefd States is playing "catch-up" with the rest of the world. The cleantecn segment is going to producre thenext , and , Heesen said. “The question are those companies going tobe created, and have employees here in the Unite d States, or are those going to be outsides of the United he asked “We may not be the center of cleantech.
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