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Couldn't you have said the same thing about investing in internet businesses in 2002? And you'd have been correct - but oh so wrong.
by peller 10y ago
Couldn't you have said the same thing about investing in internet businesses in 2002? And you'd have been correct - but oh so wrong.
- E_Dobroslav 10y agoI'm suspicious of vague "feel good" investments. Investing in particular approaches or technologies that look profitable, yes, putting a billion dollars into a vague "feel good" pot isn't a recipe for success.
- peller 10y agoI'm not convinced that statement applies to this particular fund's goals. The first greentech "boom" you mentioned in another reply, to me was very much like the dot-com boom. Everybody wanted in on the gold rush, and very few of them actually knew their (engineering) stuff. Even those that did, many got taken out with the fall. Classic hype cycle: https://en.wikipedia.org/wiki/Hype_cycle https://en.wikipedia.org/wiki/Hype_cycle My point is, given that most of the tech is now economically competitive (or about to be), these guys are betting that we're entering the "slope of enlightenment." And given some of the names on that board, I'm inclined to believe they know what they're doing.
- mistermann 10y agoGood point I think, the timing does look about right. This would be a bit similar to smart phones, as well as VR where we're now on try #2 and I think the technology is good enough this time to get a large number of early adopters on board.