by Greg Neichin, Cleantech Venture Network
GLOBE-Net, March 6,
2013 - It is quite fashionable these days,
especially amongst those in and around Silicon Valley, to talk
about the demise of cleantech. This discussion has always
seemed silly to me.
There are only two groups fascinated by this dialogue: (a) US
investors who were burned in deals that they likely should not have
touched in the first place and (b) industry pundits &
consultants with too much time on their hands.
Both of these groups are frustrated and vocal, so they create
substantial noise, but far less signal.
As Khosla Venture's Andrew Chung recently said, in a
thoughtful piece by Katie Fehrenbacher covering the
"cleantech is dead" meme, "venture is a highly cyclical
business". You could say that
again.
Andrew continued, "we expect sustainability investments to
experience a renaissance as today's breakthrough companies
successfully commercialize and have massive impact on society's
infrastructure."
Call it sustainability investments,
energy tech, resource tech, cleantech, or greentech. Call it
whatever else you want to call it, just don't call it
dead.
When you do, you look like an amateur regurgitating the cliché
headlines. It's not becoming. You may decide that there are
better venture returns in other innovation sectors - nothing wrong
with that. But leave the door open as you depart as I am sure
that you'll return when the crowd stampedes this way again.
In the meantime, those of us who continue to know that there are
great opportunities to make money in modernizing the world's
energy, water, waste, transportation, and agricultural sectors
(seems like a no brainer eh?) are throwing a big party on March
18th-20th.
It is a party otherwise known as our annual Cleantech Forum San
Francisco. This year, we'll consider it a send-off to
what Po Bronson called "the Boom Wranglers"
(those Silicon Valley execs and investors who merely chase one
bubble to another).
Here are the top 5 reasons that I think a full-fledged
cleantech party is in order:
- Conventional & Cleantech Are Getting
Cozy: Environmental innovation in the energy
business is no longer limited to just renewables.
Conventional oil, gas, and extractive companies are sourcing some
of the world's most cutting edge water & wastewater treatment
technologies, implementing advanced production monitoring and
logistics systems, and automating fleets and machinery - all of
which will contribute to reducing the impact of conventional
processes. Executives
from BP, Cenovus,
Aramco, Shell, and others
will be joining our innovation party this year.
- Cleantech is Going Social: We've partnered
with Facebook to launch a $25K
contest for applications leveraging the Social
Network to drive energy efficiency, increase resource sharing, and
reduce waste. The winner will be announced at the Cleantech
Forum by Facebook's Sustainability Guru Bill Weihl. What
better way to make cleantech social then to throw a post-bubble
bash.
- The World is Flying In: Sand Hill Road may
think it is the center of the universe, but in the cleantech world,
it's just another zip code. We will have representation
from Italy, Korea,
Hong Kong,
Israel,
Ecuador, France,
Canada, and elsewhere. Don't be stuck
in traffic driving down the 101 when you could be in the city
taking a world tour through the the halls of the Hyatt.
- More Fortune 500 Representation Than
Ever: If cleantech is dead, someone forget to tell
the world's most important corporate
players. GE,Ford,
Google, Dow, HP,
EMC,
and WalMart headline a long list of
companies that will be toasting with us in search of cleantech's
year ahead.
- We are a community and we should
celebrate: If you have yet to run for the exit from
this industry in search of the next next thing (what are those boom
wranglers doing now anyhow?) you should be at the Forum. You
really will make friends and share genuine stories while
celebrating that we as an industry might get some challenging press
in the Valley, but we are tackling some of the world's most
important problems. We will be in this together for awhile,
so it's time we celebrate our community.
This article was originally posted on Cleantech Insights and is reprinted here
with the kind permission of the author. Greg
Neichin wants you to know where the party is, it's March
18th-20th in San Francisco, you
can register here
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