Here’s an important white paper that my friend Tim Kingston just sent me, that frankly, I’m unlikely to read.
Say what?
It’s on a financial issue, master limited partnerships (MLPs), that I’ve heard plenty about over the last two meetings of the Renewable Energy Finance Forum,
After decades of venture capital investment, growth and exit, the traditional focus areas of venture capital (such as IT, web and software) have developed strong entrepreneurial ecosystems. A high percentage of start-ups in these traditional areas come to market with one or more experienced entrepreneurs or
During the first day of our tour of Finland’s clean tech companies, we got to meet with Kari Herlevi a Senior Business Advisor recently back in Finland after a tour in Silicon Valley with Tekes, the entity charged with executing the Finish government’s seed investment strategy in technology and innovation. Investing through grants and soft loans, Tekes offers Finnish entrepreneurs a source of capital that a dormant VC and Angel Investing industry fails to provide. Almost invariably, over the course of the ensuing three days Tekes was mentioned as a source of funding for the companies we visited.
Amidst the global recession and discussions surrounding the capital intense nature of most clean tech companies and the question of viable exit strategies for the venture capitalists that invest in them, the IPO market will continue to be dry.
The broader IPO market has been relatively dry since the start of 2008, with relatively few listings compared to previous years (~25/year vs averages from 1980s to 2005 of around 400/year).
While Sarbanes-Oxley is partially to blame for the dearth of US based IPO’s the fact is the public’s faith in and funds for the markets have been squeezed, and I feel that it might be more than wishful thinking that 2010 will be a robust year for Wall Street based IPOs of any sort, particularly clean tech investments.
IQwind, an Israel-based start-up developing variable gear technology that improves the energy generation efficiency of wind turbines, has raised $500,000 from ISRAEL G-TEK LLC, according to an announcement by the U.S.-based investors.
IQwind received a first round of investment from Terra Venture Partners in 2007.
Sami Shiro and Uri Benhamron, principals at ISRAEL G-TEK, explain that the investment in IQWind is part of their “plan to create a balanced portfolio of greentech companies with a special focus on Israel as a breeding ground for technology.”