CleanTech is a tough sell in the venture capital world, and for good reason. Lot's of VCs got burned in the hype. Let's face it, hard science technologies that sometimes require mountains of capital and long development times aren't for most investors. But I take Peter Thiel's view, namely those are just the types of things we need - not another social media app or picture sharing program. It helps to have alternative development models such as this one in California that genuinely have the ability to build exciting clean energy companies. More places should take notice.
“The V.C. model isn’t working,” said Horst Simon, the deputy director of the Lawrence Berkeley National Laboratory. But scientists at the lab may have found a better way to support entrepreneurial scientists who once depended on venture capital.