Clean Tech at DFJ

From PE Week Wire:

Draper Fisher Jurvetson has upped the fund-raising cap on its DFJ Element cleantech affiliate to $275 million, according to PE Week. It originally began marketing last fall with a $150 million target. www.dfj.com

This makes three funds I have heard of in recent weeks that are waaaay over-subscribed for brand new, no track record clean-tech funds.  Move along folks, no bubble here.

Related posts:

  1. Dialing Back the BTUs in Clean Tech Investing
  2. Second Acts in Tech Fund Managers’ Lives
  3. Google’s Beemer Behavior
  4. Nassim Taleb, the Titanic, and Hedge Funds
  5. The Tech Support Sinkhole

Comments

  1. Tyler says:

    Hey Paul, are you referring to three cleantech funds you’ve recently heard of, or three funds in general? If you were referring to cleantech, just wondering why you necessarily write it off as a bubble in the works?

  2. Tyler — Was referring to three cleantech funds specifically. And was being ironic when I said “move along, no bubble here”.
    While 10 investing bubbles are spotted for ever real one, the peril in cleantech (at least in its more naive investment incarnations) is that has way too much in common with drug discovery and therapeutics than is commonly understood. In other words, huge capital requirements, immense technical risk, infrastructure obstacles, and long time to market.

  3. Brent Buckner says:

    “In other words, huge capital requirements, immense technical risk, infrastructure obstacles, and long time to market.”
    woo woo! barriers to entry!
    At least as long as you can publicize them, and have people believe you….