Valley venture capital firm Kleiner Perkins’ aggressive bet on cleantech has turned out to be a major driving force behind its struggles and recent shakeup.
However, underlying Kleiner’s cleantech missteps is the reality of the short comings of traditional venture capital itself. Entrepreneurs, tech execs and media in the Valley look to the institution of venture capitalism as being the engine of innovation and the revolutionary spark needed to ignite disruptive change. But it’s actually just one way to fund innovation and it’s only proved to be particularly good at backing digital technologies based on the quick, large and predictable growth curves that Moore’s Law provides.
To read the full article, please visit here.