VantagePoint To Invest Over $1B In Green Start-Ups

Feb 2 2009 | 8:58am ET

Silicon Valley venture capital firm VantagePoint Venture Partners will invest over $1 billion in green startups in the next 24 to 30 months, Reuters reports.

VantagePoint Managing Partner Alan Partner spoke to the news agency on Saturday at the World Economic Forum meeting in Davos, Switzerland.

“We are aggressively and actively investing,” said Salzman. “We’ll probably back 10 to 15 companies over the course of 2009.”

VantagePoint has already put money into a number of startups, including Better Place, a producer of electric car charging stations; Tesla, an electric car maker; and BrightSource energy, a solar thermal energy company.

Despite a 71% fourth quarter decline in venture capital funding, Salzman says his company is “well funded.”

The VantagePoint executive underlined the large capital requirements of green energy companies, as opposed to technology or healthcare businesses. He estimates there will be less than $10 billion in venture capital available over the next 24 months for cleantech projects, calling the sector “woefully underrepresented,” given its growth potential.


In Depth

Q&A: Open Season For Closed-End Funds

Aug 29 2014 | 10:00am ET

When Maury Fertig and Bob Huffman, former Salomon Brothers coworkers, launched...

Lifestyle

Och Funds Women In Finance Initiative At U-M

Aug 28 2014 | 3:01pm ET

Och-Ziff Capital founder Daniel Och and his wife have made a "generous donation"...

Guest Contributor

Looking Ahead: What’s In Store For Managed Futures?

Aug 22 2014 | 12:52pm ET

The last five years were phenomenal for investors in equity indices. Will the next...

 

Editor's Note

    Get A Sneak Peak Of The Alpha Pages

    Aug 25 2014 | 11:21am ET

    As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…

 

Futures Magazine

July/August 2014 Cover

The time was right

Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.