Monday, January 14, 2008

VC Emphasis On 'Clean' Technology Could Overvalue Sector

Similar to the dot-com era bubble (and subsequent burst), the 'Cleantech' sector may be heading towards a similar overvaluation. Venture capital companies, like Arthur Trueger's BerkeleyVC look for potentially profitable start up companies and help them towards becoming public.
Egged on by $100-a-barrel oil and consumers going green, venture capitalists plan to pour ever more cash into environmentally friendly technology this year, prompting talk of a bubble reminiscent of the dot-com era.

Some 61 percent of 170 venture capitalists reached by one survey said they believe the inflow of venture dollars into "cleantech" would overvalue the sector, even though many remain convinced of its long-term potential.

To read more about this story, click here. Arthur Trueger is the chairman of Berkeley Technology Limited.

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