two points: 1. investors are entering a period of risk aversion that is just starting, and will likely last a decade or longer. 2. the next market, energy tec

two points: 1. investors are entering a period of risk aversion that is just starting, and will likely last a decade or longer. 2. the next market, energy tech, will require funding on levels very few if any VCs can deliver (billions per investment). this is why the govt is likely going to be more pivotal in funding energy work through the DOE etc