Wednesday, July 20, 2005

Silicon Valley entrepeneurs going towards "clean technology"

Apparently some of Silicon Valley's moguls are looking into "clean technology" ventures.

First, let me explain for those who don't know silicon valley what the process is. It was explained to me once that Silicon Valley is one gigantic company, with the Venture Capitalists as the leaders. They, the VC's, hold a lot of money and it's their business to invest in promising ventures. Hence their name, Venture Capitalists, not their other name, Vulture Capitalists.

The idea is that promising ventures get the money, and unpromising ones wither.

Sometimes that ideal is ignored - such as in the crazy years of the 1998-9-2000 boom which .busted in 2000-2001. Some unsound business plans got funded, and Silicon Valley earned a poor reputation because of that.

Investors see green in clean tech (Published: July 20, 2005, 12:02 PM PDT, By Martin LaMonica, Staff Writer, CNET