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Article: Venture capitalists warming to investing in energy
- Article from:
- AP Worldstream
- Article date:
- October 5, 2005
- Author:
CopyrightProvided by ProQuest LLC. (Hide copyright information)
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MARK BOSLET
AP Worldstream
10-05-2005
Dateline: PALO ALTO, California
With oil prices surging and increased talk of global warming, venture capitalists are straying from their traditional focus on computer technology and biotechnology to put increasing sums into alternative-energy companies.
Venture activity is way up in the past six months, with more energy companies presenting business plans to investors and more high-priced deals being done. Over the summer, four solar-energy companies attracted a stunning $60 million (euro50 million) in a round of high-priced financings that generated the first whispers an investment bubble may be forming.
For venture capitalists, "it's a very nascent ...