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Monday, July 02, 2007

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Control Room, hey?

Unintended irony lives.

Here's a link to famed venture capitalist John Doerr of Kleiner Perkings emoting about global warming at a TED symposium. For those of us who like venture capitalists, this is plain embarrassing, and it's another example of emotional blackmail in the service of the financial interests of the self-appointed guardians of the planet.

http://www.ted.com/index.php/talks/view/id/128

Here's a link to famed venture capitalist John Doerr of Kleiner Perkings emoting about global warming at a TED symposium. For those of us who like venture capitalists, this is plain embarrassing, and it's another example of emotional blackmail in the service of the financial interests of the self-appointed guardians of the planet.

http://www.ted.com/index.php/talks/view/id/128

Kleiner Perkins (not "perkings") has a number of cleantech investments, indeed former GP Vinod Khosla has his own cleantech fund now. This isn't hypocrisy from KPCB, it's business and when you look at their energy portfolio you see power storage technology, solar, and biofuels... not exactly anything other than solid mainstream technologies.

Shelter, on the other hand, is a 4th tier venture fund in SoCal. Nothing to get too worked up about. Their most significant deal is Veoh, but only because it was founded by Michael Eisner... Veoh is going to get crushed by Joost.

"you see power storage technology, solar, and biofuels... not exactly anything other than solid mainstream technologies."

With the possible exception of power storage those aren't mainstream technologies (though they may be mainstream investments if you click your heels three times and incant 'There's no place like Austin...') Oil, coal, and natural gas are what fuel things in the physical world, nuclear making up all the balance that is noticeable.

But that world isn't an Ayn Rand novel. KP's job is to make money. If the bastards want tulips, tulips it is. As long as they're careful to pull out just before the critical moment, everything should be fine.

Tagore,
Have you looked at their portfolio (what they have made public)?

GreatPoint Energy: "Commercializing a proprietary catalytic process for converting coal (and other carbon-based feedstocks) into clean-burning, pipeline quality natural gas."

Miasole: thin film solar, which is a mainstream energy technology (35+ years would be my guess). Current efficiency rates are what, 15%? I'm surprised more companies aren't focused on this. Look at how many products are showing up with solar panels attached to them... everything from roadside emergency phones to portable chargers.

Altra Biofuels: ethanol (not like that hasn't been around for a few decades) and biodiesel (okay, this is pretty trendy). There's also a cellulose ethanol deal, but that's Khosla's company and almost a "gimme" investment for them.

And then there's a couple of fuel cell deals and that's definitely cutting edge stuff many years from commercialization. Also on the list is a company that focuses not on energy but on creating better molecules for synthetic chemicals and fuels, again a basic science deal that is cutting edge.

The global warming is fact, but many people still don't understand how important and how seriously is everything.Some people even don't believe that this is the truth and make some funny theories of themselfs.But if they look around they will see the signs.
I'm living in Bulgaria and for the past 2 years there are floods, heats, forest fires and storms and thats not common here.Our climate is getting too extreme.There's no rains, some villages don't have water.And even now nobody is doing nothing.We don't have snow anymore.The winter is too warm.The truth is that I don't want to live in a world like this.It's not right.The humankind do everything that he wants and don't even think about what disasters are happening becouse of his actions.The nature is suffering, the animals are dying, the forests are gone and if that is not enough touchy many people are dying of hunger and sickness.
I'm so mad that I can do nothing so important to change this things, but I want it so much.I'm deeply sorry if my english was bad but I was trying with all my forces.Bye

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