www.preqin.com/item/bubble-trouble-toil-and-muddle/101/ -
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Published on: 9/11/2009
Last Visited: 11/5/2009
There are folks like Alan Salzman, CEO and managing partner at VantagePoint Venture Partners of San Bruno, Calif., who believe the real challenge for the industry is how to return to "creating more Googles and Ciscos.
Venture groups should go back to their roots of finding and funding innovation that can transform industry sectors and society as a whole, much as the PC and biotech transformed the computer and pharmaceuticals industries, he argues.
That transformation has run its course, he asserts, followed by the changes in data communications in the '90s.
"But in the post-transformative period, there's been nothing truly exciting," Salzman adds.
Drawing from the lessons of previous tech cycles, Salzman's firm decided in 2002 to emphasize clean technology.
"We define cleantech as innovation seeking to address the challenges of limited resources," he says.
...
Salzman says.