According to the Bloomberg news report, John Doerr, a billionaire venture capitalist at world’s leading venture capital firm, has awarded a “C” grade for United States for alternative energy development. Doerr said United States should practice more on green energy instead of spending much on Saratoga chips. Even though still United States deserves the B grade in the development of biotechnology, they are really coming behind other nations in development of medical-testing and drugs, he added.
He told that without the loan assurances of 20 billion USD for green energy plans granted under United States President Obama’s stimulus project, my rating would have been the “D grade” or even an “F grade”.
According to the Time magazine report, before becoming the President of the United States, Barack Obama was the severe supporter of dirty power plants and coal concerns. But, as United States President, he supported among the biggest growths in national support of clean technology in the history of United States.
“Barack Obama’s stimulus project is and was supposed to be fly-by-night and seasonable, and we should modernize in United States the marketplaces for the financial capability and sustainable green energy to make them to develop,” Doerr said in the interview to Bloomberg. However he added that the market is dull and uninterested to grow due to the failure of privately funded development and research, and lack of financial marketplaces to back up this area. But, certain positive impacts comprised the concord with auto manufacturers to improve the vehicle’s fuel economy they trade in United States.
John Doerr has gained his place on the Forbes magazine’s list of yearly wealthiest people in the planet. But, in past few years, he has redirected his skills from choosing prosperous start-up firms to lobbying the administration of Barack Obama successfully into the supporting “clean” technology initiatives.
As a head of Kleiner, Perkins, Caufield and Byers (KPCB), Doerr is responsible for the company’s flourishing investments in many giant corporations. Google and KPCB have both invested big amount of money in alternative energy. He handles approximately five hundred million USD in investments of alternative energy, and Doerr’s portfolio comprises solar battery MiaSole start-up, and Bloom Energy fuel cell manufacturer. In 2008, He told that the clean technology can be “biggest economical opportunity of twenty-first century.”