Its a Good Time to Develop Products, and to Bet on Cleantech
Summary
So Greg and I zipped across the lake yesterday for a wide-ranging conversation with the team at Kirkland, WA-based OVP Venture Partners during their Monday portfolio meeting.—The latest fourth-quarter numbers tell the sorry story of decline in the venture business, and OVP didn’t have any evidence to suggest that it’s turning around soon.But companies that are just getting started now actually have much more of a fighting chance, because they’ll be in product development for a couple years anyway, and by the time they are ready to reach the marketplace, the economy ought to be picking up steam again.“You have nothing to sell, no one is buying anything anyway.” —The cooling of the information technology market has brought some fundamental thinking back into strategies for building IT businesses, says managing director Lucinda Stewart.Langeler adds that a major challenge in cleantech investing lies in accurately assessing where the line is between research and development—more so than in IT and life sciences, where investors have the benefit of more experience.
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