www.cpbventure.com/business-plans/business-immigration- -
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Last Visited: 7/15/2009
A compact man with greying blonde hair and a piercing gaze, Salzman exudes coiled energy.
Back at his office headquarters, he leaps out of the car and flips the hood, revealing a battery and some wiring.
"And check this out," he says enthusiastically, opening a flap on the side.
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Salzman, a former Torontonian, wants nothing less than to transform what we drive - and where we get the energy to drive it.
In decidedly un-venture-like fashion, he's partnering with blue chips, utilities, even governments, in order to do so.
He breezes past naysayers with the simple argument that fossil fuels are finite, so finding alternatives isn't a dream - it's an inevitability.
But venture capitalists aren't known for their love of government - or Corporate America.
In transforming transport and energy, Salzman will also be transforming himself.
Alan Salzman grew up in Toronto.
He dreamed of becoming an international lawyer, but no such program existed in Canada. So after a year at the University of Toronto, he crafted his own program at schools in London and Brussels, as well as Stanford University in Palo Alto, Calif.
He graduated in 1978.
After stints in Europe and New York, in 1982 Salzman took a job with one of San Francisco's most respected lawyers, John Larson of Brobeck Phleger and Harrison.
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Salzman ended up representing the likes of General Electric's venture arm.
In 1987, then GE chief executive Jack Welch cut the division.
So Salzman and a few partners bought it for US$40 million.
They raised another US$100 million of fresh capital, then started to fund health-care and IT plays - Matrix Pharmaceuticals, a cancer drug company, was his first investment.
Salzman co-founded VantagePoint in 1996.
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Failure is inevitable, Salzman acknowledges.
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"We came up with energy, water, transportation and materials," Salzman says.
Salzman and Dolezalek adopted the term "clean tech" to describe their new focus.
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"The submarkets are enormous," Salzman says with more than a hint of marvel.