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

Feb 2 2009 | 9:58am 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: Star Mountain's Brett Hickey On Investing In 'The Growth Engine Of America'

Sep 22 2017 | 5:06pm ET

Lower middle-market companies form the economic fabric of the nation, but they can...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Don’t Overlook These 6 Hybrid Cloud Concerns

Sep 14 2017 | 6:27pm ET

Cloud-based technology solutions have made tremendous inroads into the alternative...

 

From the current issue of

Business Insider has been reporting on the unusual trading activity of a mystery trader who placed a profitable short equity bet to the tune of $21 million on the Aug. 10 move in the CBOE Volatility Index (VIX).