Kleiner Perkins Caufield & Byers Launches Green Growth Fund
MENLO PARK, Calif.--(BUSINESS WIRE)--Kleiner Perkins Caufield & Byers (KPCB), the Silicon Valley venture capital firm, announced today it is launching a new $500 million investment vehicle: the Green Growth Fund. The fund is intended to help speed mass market adoption of solutions to the world’s climate crisis.I think this will end very badly for Gore. I wouldn't be a bit surprised if lawsuits and/or fraud indictments are in his future.
KPCB separately announced today the formation of KPCB XIII (issued simultaneously, see: “Kleiner Perkins Caufield & Byers Forms $700 Million KPCB XIII Fund”), a $700 million fund that will invest in greentech, information technology and life sciences ventures. Within the greentech sector, KPCB XIII will mainly back early-stage entrepreneurs, while the Green Growth Fund will support companies that have already entered their growth phase.
...
The Green Growth Fund will provide its portfolio companies with both global perspective and global reach, which includes the benefit of KPCB’s Asian presence through its KPCB China Fund. The KPCB Green Growth Fund will also enable the firm to extend its existing collaboration with the London-based Generation Investment Management, whose chairman Al Gore, former Vice President of the United States and Nobel Laureate, joined KPCB as Partner last year. Through their alliance, the firms actively work together to find, fund and accelerate green solutions with the greatest potential to help solve the climate crisis.
Generation co-founder and Managing Partner David Blood said, “There is a significant gap between the capital needed and the capital currently deployed to create enduring solutions to the climate crisis. We’re eager to deepen our collaboration with KPCB by working closely with the Green Growth Fund to identify growth-stage investment opportunities.” To that end, Generation has made a significant commitment of capital to KPCB’s Green Growth Fund.
Posts
2 comments:
I recommend watching the long-form interview he gave to SkyTV for the British broadcast premier of An Inconvenient Truth. I've embedded it in a special page of my author site.
Have you heard anything about Al Gore becoming the nominee for president by way of something called the "Denver Plan"? Perhaps he thinks if he's in trouble, having the power of the presidency behind him would not be a bad thing.
Post a Comment