Yet another high-flying Silicon Valley entrepreneur is planning to capitalize on the growing popularity of “green” technology, and to do it, he’s tapping the wisdom of crowds as well as their cash.
Steve Newcomb, a co-founder of search startup Powerset, is in the early stages of launching a venture-capital fund that would accept green investments as low as $100, with a maximum investment of $1,000.
Cool. I posted yesterday about cleantech in general and NZ Windfarms lts in particular. I got a reply which indicated some stumbling blocks for cleantech investment, namely poor investment targets and limited ROI. While a crowdsourced VC targeting cleantech won’t solve these issues per se, it will give cleantech startups the impetus to become more realistic and chase both the green nirvana and business viability.