Steve Westly bullish on green startups

According to Reuters, “The U.S. recession and slow global economy have created big opportunities for investments in promising green startups, an area that at one time had lofty valuations, Silicon Valley venture capitalist Steve Westly said. Westly, a former California state controller and eBay Inc executive, said he is seeing some “great quality of deals.” [...]

Khosla Ventures raises $1 billion for renewables, cleantech

Vinod Khosla According to Reuters, “Khosla Ventures said on Tuesday it had raised more than $1 billion for renewable energy and clean technology funds, a sign that skittish investors are hot for climate-change-related projects. The news marked the largest clean technology-dedicated raise by a single venture capital firm since 2007 and was also the first [...]