While VC funding and VC investment are slowing down, VantagePoint Venture Partners’ Managing Partner Alan Salzman told Reuters over the weekend that his firm will invest more than $1 billion in green start-ups in the next 24-30 months. Salzman intimated that his firm was well stocked and it intends to back 10 to 15 companies.
VantagePoint is invested in many cleantech start-ups including green auto firms Better Place and Tesla. Salzman also says that he thinks just $10 billion will be invested in green projects in the next two years.
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