As a venture capitalist, I am exposed to all the latest fads in business expressions. When a word or phrase is hot, I get to hear it over and over again in pitch sessions, at board meetings and at conferences. No matter where I am, the latest fad expression seems to pop up everywhere. Whether a particular phrase really applies to a situation or not, most people think
Another year, another wringing of the hands over tax credits and incentives for clean technology.
Lobbyists and vendors in the U.S. are once again singing the blues, calling for continued and expanding government investments in clean technology. At the same time, political challengers continue their Solyndra hootenanny,
There are so many easy reasons to be a pessimist today: the world financial crisis, the discord and dysfunction in Washington, and the almost certain doom that many scientists claim we are facing from global warming. With the first high profile cleantech company failures, the euphoria of the cleantech bubble has burst
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.