John Doerr on climate change, greentech

30 Jun

“I don’t think we’re going to make it,” John Doerr says in an emotional talk about climate change and investment. To create a world fit for his daughter to live in, he says, we need to invest now in clean, green energy.

John Doerr, Silicon Valley’s legendary moneyman, is afraid of eco-apocalypse. After building his reputation (and a considerable fortune) investing in high-tech successes, he’s turning his focus toward green technologies, and hoping it isn’t too late.

Why you should listen

John Doerr, a partner in famed VC firm Kleiner Perkins Caufield & Byers, made upwards of $1 billion picking dot-com stars like Amazon, Google, Compaq and Netscape. (He also picked some flops, like Go Corporation and the scandal-ridden MyCFO.com.) He was famously quoted saying, “The Internet is the greatest legal creation of wealth in history,” right before the dot-com crash. However, his business prowess earned him an appointment on President Obama’s Economic Advisory Board in 2009 following the economic downturn.

But now he’s back, warning that carbon-dioxide-sputtering, gas-powered capitalism will destroy us all, and that going green may be the “biggest economic opportunity of the 21st century.” So Kleiner Perkins has invested $200 million in so-called greentech, a combination of startups that are pioneering alternative energy, waste remediation and other schemes to prevent the coming environmental calamity. But Doerr is afraid that it might be too little, too late.

What others say

“[John Doerr] is, by all accounts, the most influential venture capitalist of his generation.” — Fast Company

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: