There is a pleasant surprise over on venture guy Mike Hirshland of Polaris’s blog: A post from ex-columnist and “has-been Internet engineer-entrepreneur and apprentice general partner” Bob Metcalfe. I’d almost forgotten how delightful Bob’s column are, combining whimsy, insight, and Bre’er Rabbit-level tricksy charm.
Anyway, Bob has three (or four (or five)) things to clarify — okay, mistakes he wants to unwind — concerning his recent investment in GreenFuel Technologies, before he calls for an energy investing bubble by 2020. Read the whole thing, but here’s an excerpt:
After the GreenFuel announcement, I was buried in business plans from companies developing new energy reserves or power generating plants of various kinds around the world. While many of these are promising energy investments, they are mostly not right for Polaris and especially me. Saying we invest in “energy” is a problem.
So, after consultation with experts, I say I am not looking for “energy” investments or “renewables” investments or “cleantech” investments, but for Boston-based early-stage ENERTECH investments, like GreenFuel. Short for energy technology, “enertech” also poetically extends the familiar family of investment categories: infotech, biotech, nanotech, and now … enertech.