Cleantech investors are adapting to a new reality, says Tom Cain, a partner at SAIL Venture Partners.
The changes go far beyond the immediate impact of the economic crisis. Venture capitalists are finding that they’re now being asked to guide the placement of massive amounts of new capital coming from the U.S. and local governments, Cain said.
SAIL dove headfirst into the space. The investment firm’s portfolio companies in the cleantech sector are in the process of securing $3 billion in government grants and loan guarantees to commercialize their technologies.