xcel
12-24-2007, 09:18 PM
2007 a bit off for Kleiner Perkins' green-tech portfolio. (http://www.news.com/8301-11128_3-9837301-54.html?tag=nefd.top)
http://www.cleanmpg.com/photos/data/501/EEstor_002.jpgMichael Kanellos – CNET News – Dec. 21, 2007
With GM removing EESTOR from the VOLT’s supplier list early on, let us hope EESTOR improves upon its almost unlimited SuperCap like Energy Storage unit release date in the very near future. -- Ed.
The superheroes of venture capital haven't exactly had a completely smooth year in green tech.
Kleiner Perkins Caufield & Byers wasn't the first VC firm to get into green tech. Nth Power, NGEN Partners, Draper Fisher Jurvetson and Mohr Davidow Ventures got there first, but Kleiner brought a lot of attention and prestige into the field, and helped push green tech toward the top of the VC agenda in the second half of 2004.
The firm also began to put money into a lot of companies with a pretty good amount of fanfare. John Doerr even cried in public at the TED conference to show his commitment.
This year, though, came with its rough patches.
For one thing, some of the firm's portfolio companies suffered setbacks. Thin-film solar-panel maker Miasole had to delay production and swap CEOs. Rumors that the company laid off 40 employees was confirmed by three former Miasole employees, according to Greentech Media. The Web site also said founder Dave Pearce may have left the company.
Similarly, supersecretive EEStor (another portfolio company) delayed production (http://www.news.com/8301-10784_3-9770849-7.html). Board member and Dell alum Mort Topfer also left the board, according to reports.
Mascoma, the cellulosic-ethanol maker, fared better. It landed grants with Michigan and Tennessee to build plants in those states, but its first plant, in New York, will come on line about a year late… http://www.news.com/8301-11128_3-9837301-54.html?tag=nefd.top
http://www.cleanmpg.com/photos/data/501/EEstor_002.jpgMichael Kanellos – CNET News – Dec. 21, 2007
With GM removing EESTOR from the VOLT’s supplier list early on, let us hope EESTOR improves upon its almost unlimited SuperCap like Energy Storage unit release date in the very near future. -- Ed.
The superheroes of venture capital haven't exactly had a completely smooth year in green tech.
Kleiner Perkins Caufield & Byers wasn't the first VC firm to get into green tech. Nth Power, NGEN Partners, Draper Fisher Jurvetson and Mohr Davidow Ventures got there first, but Kleiner brought a lot of attention and prestige into the field, and helped push green tech toward the top of the VC agenda in the second half of 2004.
The firm also began to put money into a lot of companies with a pretty good amount of fanfare. John Doerr even cried in public at the TED conference to show his commitment.
This year, though, came with its rough patches.
For one thing, some of the firm's portfolio companies suffered setbacks. Thin-film solar-panel maker Miasole had to delay production and swap CEOs. Rumors that the company laid off 40 employees was confirmed by three former Miasole employees, according to Greentech Media. The Web site also said founder Dave Pearce may have left the company.
Similarly, supersecretive EEStor (another portfolio company) delayed production (http://www.news.com/8301-10784_3-9770849-7.html). Board member and Dell alum Mort Topfer also left the board, according to reports.
Mascoma, the cellulosic-ethanol maker, fared better. It landed grants with Michigan and Tennessee to build plants in those states, but its first plant, in New York, will come on line about a year late… http://www.news.com/8301-11128_3-9837301-54.html?tag=nefd.top
