Finally - VC Investors Are Financing Green Technology!

By Rick Guzman

Kleiner Perkins Caufield and Byers (KPCB) is a venture capital firm located in Silicon Valley, with headquarters in Menlo Park, California.

The company has been a traditional investor in more than 300 IT (information technology) and biotech firms, over the past thirty five years, including: Amazon.com, America Online, Brio Technology, Compaq, Electronic Arts, Flextronics, Genentech, Google, Intuit, Lotus Development, LSI Logic, Macromedia, Netscape, Quantum, Segway, Sun Microsystems, and Tandem.

Noticeably, KPCB launched KPCB XIII a $700 million green tech fund for early stage green companies and the $500 million Green Growth Fund for green tech companies in their growth phases. KPCB also started the green tech Innovation Network (GIN) with many of the worlds leading GREEN ­minded entrepreneurs, scientists, policymakers, and Fortune 100 business leaders.

One of the most recent investments KPCB made was for Bloom Energy. K.R. Sridhar in Oct 2001 was able to setup a meeting with KPCB partner John Doerr. Many years later on a show in February of 2010, 60 minutes aired live for the first time exposing the secretive technology from Bloom Energy. Blooms technology was kept so secret not even their employees knew what they were truly manufacturing all this time, until they saw the clip aired by 60 minutes.

K.R. Sridhar's founder of Bloom Energy has engineered a little tiny black box that is hard to believe its renewable energy by using a form of hydrogen fuel cells made of out metal alloy materials and ordinary beach sand.

In 2006, Kleiner Perkins announced that it would focus $200 million of its $600 million investment fund on renewable energy initiatives.

KPCB was the first VC firm to go green with this type of investment in its investment history ever. Most likely KPCB has already served as the catalyst to help stir up an earnest renewable energy revolution. The cool thing is that other investors will follow and create a domino effect empowering the renewable energy sectors with appropriate financing.

Currently KPCB for the first time ever, reached out to other investors to invest in their funds creating a green investment surge that inspired all types of investors to join them. John Doerr in the interview from 6o minutes regarding renewable energy said: "The New Energy Technologies could be the largest economic opportunity of the 21st century."

See article video, link below:
Article Video: http://solarcafeshop.com/blog/?p=123

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