I think many of these alternative energy start-ups are going to end up being just exactly like dot-coms. Entire purpose is to rip-off venture capitalists, deliver nothing of value to the customer, and abscond with the harvested VC cash to an island somewhere.
Let the buyer beware. You don't get something for nothing... ever!
I think many of these alternative energy start-ups are going to end up being just exactly like dot-coms.
The green tech boom in Silicon Valley is beginning to resemble the dot-com bubble, but remember that quite a few companies like Yahoo started up in that expansion. There are some even more pie-in-the-sky schemes out there though. This one sounds even a bit tame.
In Silicon Valley, investment in clean technology — from alternative energy products, like solar panels and hybrid cars, to the use of nanotechnology to solve environmental problems — went from $34 million in the first quarter of 2006 to $290 million in the third quarter, according to an annual report released Sunday by Joint Venture: Silicon Valley Network, a research organization in San Jose, Calif.