http://www.xconomy.com/seattle/2009/05/12/gerry-langeler-of-ovp-on-digital-energy-and-the-cyclical-nature-of-venture-capital/ Business + Technology in the Exponential Economy Sat, 11 Feb 2012 09:07:58 +0000 hourly 1 http://wordpress.org/?v=3.0.4 http://www.xconomy.com/seattle/2009/05/12/gerry-langeler-of-ovp-on-digital-energy-and-the-cyclical-nature-of-venture-capital/comment-page-1/#comment-57628 Dave Wed, 13 May 2009 03:23:03 +0000 http://www.xconomy.com/?p=24537#comment-57628 OVP’s cleantech investment strategy actually sounds sensible, unlike most, and I hope it works. Traditional VC’s are ill-suited to funding infrastructure type investment projects. The returns are generally lower than VC’s IRR targets, although only a few VC’s have made decent returns in the past decade. More importantly, VC’s simply do not have the $$’s. They are not buyout or infrastructure funds. VC’s funds are generally measured in hundreds of millions of dollars, not in multiple billions. Most VC's also have very, very little experience investing in highly capital intensive businesses. VC’s invest in technology not in power plants… OVP’s cleantech investment strategy actually sounds sensible, unlike most, and I hope it works. Traditional VC’s are ill-suited to funding infrastructure type investment projects. The returns are generally lower than VC’s IRR targets, although only a few VC’s have made decent returns in the past decade. More importantly, VC’s simply do not have the $$’s. They are not buyout or infrastructure funds. VC’s funds are generally measured in hundreds of millions of dollars, not in multiple billions. Most VC’s also have very, very little experience investing in highly capital intensive businesses. VC’s invest in technology not in power plants…

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