May 21 2008
Rise of the Celebrity Cleantech Venture Capitalist
Calling all paparazzi! There's a new celebrity in town - the high profile cleantech venture capitalist.
Today, VantagePoint Venture Partners announced that former CIA head James Woolsey has been hired as a partner. Woolsey will be focusing on energy issues, the environment and national security. Or as he puts it, he'll be examining technologies that appeal to "tree huggers and hawks."
Woolsey's hiring follows Vice President Al Gore's move from national policymaking to cleantech investing. Last November, Gore joined Kleiner, Perkins, Caufield, and Byers as a partner.
While the hiring of these two high-profile policymakers may not elicit flashing of bulbs or the red carpet, it certainly does validate the staying power of the cleantech sector, which reached $100 billion globally in 2007. Their hiring also highlights the vital role that the cleantech sector could play in solving some of the world's most challenging policy issues.
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