Cleantech HighlightsJune 08, 2011 Posted by: Matt Maloney
The illusion of knowing versus knowing that we don’t know ...
- Vinod Khosla
The quote above rings so true in today’s economy. In Cleantech, for example, who would have guessed 12 months ago that the hottest segment for IPOs would be biofuels? (See below) The industry is at an early crossroads at multiple levels with rapidly shifting dynamics and global implications. Plenty of challenges and uncertainty exist, but, all the while, the momentum of change and innovation marches on.
Cleantech Venture Investing
According to Cleantech Group (and other sources with different statistical methodologies), Q1 2011 was the second highest investing total ($2.65 billion) since tracking of Cleantech activity began. From our own observations, SVB has noted that more companies are maturing, gaining revenue traction, and creating true economic benefit. On the other end of the spectrum, there has been a steady slowing of early-stage activity. Some facts and figures behind this total (Source: Cleantech Group):
Big dollars, but it was the lowest deal count (165) since early 2009Just 10 financings accounted for almost 50 percent of the total (Good news: five...Read More