Recent Posts:

The ones that get away

Rob Day: September 30, 2008, 6:58 AM
A quick side-note, because I've been remiss in mentioning it until now:  GTM's Green Light blog has become a must-read for me every day.  I don't mention their stuff as much as I should because I've assumed readers of one GTM-hosted blog are probably already aware of the other main GTM blog, but in case you haven't checked it out yet... Do so. -------------------------- I try not to let this blog go too much into navel-gazing territory, since that's not why people read these writings, and I'm also quite aware of how little I bring to the table when it comes to "deep thoughts"...  However, I thought it might be useful to entrepreneurs out there, thinking about VC funding, to...

Cleantech VC expected to continue to rise

Rob Day: September 28, 2008, 3:46 PM
According to a KPMG survey of VCs and related professionals, 91% said they expect cleantech to be an even bigger sector in 2009, and 67% believe that the sector's growth is sustainable and not over-investment.  Meanwhile, here's another good article on the subject, with an unfortunate picture... So, moving on... here are this week's deals:
  • Brammo, an electric motorcycle maker, has raised a $10mm Series A, with funding from Chrysalix, Best Buy Venture Capital, and others.

Betting on the ponies

Rob Day: September 25, 2008, 2:20 PM
I was speaking with a member of the limited partner community today, and I mentioned an analogy I'd come up with to try to explain what's going on in the cleantech market right now. "There are four ways to try to make money at the race track," I explained. "The first way no investor will admit to, but sometimes does happen -- it's showing up and just walking up to the betting window and picking a horse because you like its name or that they're the favorite or the owner is your friend." "The second way is what a lot of bigger venture funds aim to do -- showing up, walking into the stables, checking out the horses with an experienced eye, talking with the jockeys, and making some...

Last week’s news:  AEB, Sapphire, Powergenix, SolarReserve, etc.

Rob Day: September 20, 2008, 4:21 PM
In case you missed it, here was a cute little item in PE Week Wire on Friday:
Yesterday talked to a venture capitalist whose firm just raised a new fund (sorry, under embargo on the details). While explaining why Firm X doesn't do cleantech investing, he said: "We decided that we prefer capital efficiency over capital intensity."
Here's what else you may have missed last week while frantically checking the stock market:

Macrotrends, pt 1:  The rise of cleantech P.R. wars

Rob Day: September 19, 2008, 1:43 PM
This ain't my day job, people. The reason (or at least ONE reason) these posts come so infrequently and at odd hours is because I try to squeeze in some quick news-reading and typing whenever I get a spare moment from being a full-time venture capital investor. It can be fun when worlds collide -- I'm often on the list to receive press releases, for example, and have even had a conference or two where I was granted "media room" status when I was really there to scout for deals and network.  So I get to see the ongoing cleantech P.R. wars from both sides of it. Some funny interactions can ensue.  Like the time I was called up by an investor at another firm who wanted to...

There was one?

Rob Day: September 17, 2008, 2:06 AM
Pretty safe to say that most of the financial world isn't focused on cleantech venture capital this week. However, here in Washington, DC the 18th Cleantech Venture Forum is in full swing, with nearly 500 attendees from VC firms, startups, larger companies, and assorted other market participants.  I've already been asked by a couple of reporters about the impact of Lehman, et al, on cleantech venture capital, and the answer seems to be "we'll have to see."  There seems to be little direct impact, aside from perhaps a few companies re-evaluating their choice of i-bankers.  But the overall market conditions may impact the sector in less direct but still significant...

En route to the Cleantech Venture Forum

Rob Day: September 15, 2008, 3:49 AM
Just a quick post today as most of the day will be spent in air travel getting to the Cleantech Venture Forum in Washington, D.C.  Looking forward to catching up with everyone there, make sure and say hi if you see me... News items from the past week: ...