Venture Capitalists are poised to invest hundreds of millions in the emerging "green technologies" and believe they could become as lucrative as anything that preceded it in Silicon Valley. That means we will soon see solutions to environmental problems: smaller landfills, cleaner air and water, weening ourselves from the oil addiction. ENN reports:
Menlo Park-based Kleiner Perkins plans to set aside $100 million of its latest $600 million fund for technologies that help provide cleaner energy, transportation, air and water. That’s on top of more than $50 million already invested in seven greentech ventures.
"This field of greentech could be the largest economic opportunity of the 21st century," the firm’s founder, John Doerr, said.
And, some say, when John Doerr talks, investors listen.