You know you've been working too hard when you stop dreaming about bottles of champagne and hordes of naked women, and start dreaming about conditional formatting and circular references.
cleantech vc doesn't work. just look at the track records. dbl partners maybe the only example of a vc firm that has done somewhat well... they essentially just bet on musk (which worked out) and did well on nexttracker. Some new ones starting out (energy impact partners) but hard to believe the software angle is going to work...
cleantech p/e can either be corporate p/e or at the project level. At the project level it's similar to development... there are some smaller firms out there but it's hard to compete against developers. At the corporate level it's very hard. A couple of firms have tried (e.g. hudson cleantech) but ended up becoming zombie funds.
So, no. it doesn't work all too well. Maybe in a few years or so we'll see more activity.
I will add that from working in oil and gas PE the VPs told me renewables was not an attractive space to them yet but that they’ve got a close eye out for the industry to mature more. Energy itself is a PE oriented business kind of like industrials so fundamentally it seems like a great place to be long term.
"Truth is like poetry. And most people fucking hate poetry."
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Interested in this thread as well.
bump on this
Just started consulting for a small solar development group -- feel free to PM me.
cleantech vc doesn't work. just look at the track records. dbl partners maybe the only example of a vc firm that has done somewhat well... they essentially just bet on musk (which worked out) and did well on nexttracker. Some new ones starting out (energy impact partners) but hard to believe the software angle is going to work...
cleantech p/e can either be corporate p/e or at the project level. At the project level it's similar to development... there are some smaller firms out there but it's hard to compete against developers. At the corporate level it's very hard. A couple of firms have tried (e.g. hudson cleantech) but ended up becoming zombie funds.
So, no. it doesn't work all too well. Maybe in a few years or so we'll see more activity.
https://www.wired.com/2012/01/ff_solyndra/
Any update here?
I will add that from working in oil and gas PE the VPs told me renewables was not an attractive space to them yet but that they’ve got a close eye out for the industry to mature more. Energy itself is a PE oriented business kind of like industrials so fundamentally it seems like a great place to be long term.
Nihil vero sit commodi iure eveniet commodi dolore. Autem labore dolor nihil dicta amet itaque. Adipisci autem perferendis ut. Excepturi id aliquid dolorem iusto.
Quia asperiores eum suscipit perspiciatis perferendis illum. Harum alias aut est ducimus similique ut iure. Qui nobis repudiandae nostrum odit dolores magnam explicabo. Reprehenderit est expedita qui doloribus doloribus quam tenetur. Deleniti necessitatibus totam ex nihil est esse explicabo ullam. Et dolorem magnam ratione aut sunt. Non sed voluptatem doloribus officia est veritatis odio.
Iure sint ipsam beatae. Et mollitia voluptas exercitationem rem. Dolor alias vitae molestiae dolor rem saepe qui. Optio consectetur at laboriosam ducimus.
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