Of greatest concern is that as financing for cleantech gets tight, the brightest startups will struggle to find early stage capital and those companies nearing the path to commercialization will find it hard to find scaling capital.
Half of successful VC-backed cleantech start-ups stumble along the way. Entrepreneurs who raise big financing rounds at sky-high valuations can end up shooting themselves in the foot.
It’s official. Khosla Ventures, the firm of influential venture capitalist Vinod Khosla, has raised its $1.05 billion fourth fund and will still continue to invest as much money as it previously has done on cleantech startups.
A massive selloff of stocks back in August raised the possibility of a closing IPO window for cleantech companies. But if you were hoping for a more uplifting prognosis since, then you’re out of luck — at least for the rest of the year.
Biofuels were envisioned to help to make the world a better place, but here comes a National Research Council report on Tuesday that casts doubt on the environmental and economic benefits of biofuels and the U.S.’s ability to meet its own production mandates.
The realization that many greentech startups need more capital and time than expected to commercialize their technologies has sacked some venture capitalists’ enthusiasm for cleantech. Vinod Khosla has a message for them: chin up! There’s good money to be made and I’m doing just fine.
Next-gen biofuel and biochemical companies Genomatica and Mascoma have filed notices recently indicating that they plan to go public some time soon. But how are the other next-gen biofuel companies that have gone public in recent months now faring on the stock market? Mostly down.
To promote biofuel production, the U.S. government is becoming both the investor and customer. The White House announced Tuesday a $510 million investment to speed up biofuel production for the military and beyond.
After the great market sell-off yesterday, stocks are rebounding slightly on Tuesday, including many of the greentech stocks that took a beating yesterday. But most of them are only up slightly. Here’s the latest:
Tech stocks took a beating on Monday morning, the first day of trading after Standard & Poor downgraded the credit ratings of credit agencies. At the same time, greentech stocks — from solar to biofuels to smart grid — fell alongside the weak macro economic news.