A bit more money for the greentech ventures

A bit more money for the greentech ventures

Summary: CALPERS (California Public Employees’ Retirement System) just announced it will put $60 million into Khosla Ventures' greentech fund. Khosla's fund already has about 70 investments in the green tech sector and has raised over a quarter billion dollars.

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CALPERS (California Public Employees’ Retirement System) just announced it will put $60 million into Khosla Ventures' greentech fund. Khosla's fund already has about 70 investments in the green tech sector and has raised over a quarter billion dollars. Past investments by Khosla have ranged from biofuel to solar to wind to smart grid. CALPERS is one of the largest retirement funds on earth. The CALPERS investment means there'll be significant disclosure of where and how the money is invested. Here's CALPERS' document on the deal. If you go to this website you can find Khosla's Powerpoint on their investments.

Topics: Banking, Emerging Tech

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  • Bet they invested in Ethanol too

    Whenever I hear news stories about the world wide shortage of food (you greenies don't seem to talk about that for some reason that I can't fathom) I wonder what all those hungry people think when they hear that in America, our government forces us to burn food in our gas tanks?

    If you are interested in "alternative energy" you should read this: http://www1.umn.edu/umnnews/Feature_Stories/Ethanol_fuel_presents_a_cornundrum.html

    Now anyone who knows anything realizes that the University of MN is hardly a right wing think tank. But even they say (see linked report above) that if the entire corn production of the US went into ethanol production it would only replace 12% of our Gasoline needs. They like biodiesel but also admit that the entire soybean crop US Soybean crop would only provide 6% of our diesel needs. You read that right - 100% of our corn would only provide 12% of our gas and 100% of our soybeans would provide 6% of our diesel. Hmmmm. Wonder what we would eat then?

    Of course all you greenies want us to eat "organic" (guys please, please, please take a chemistry course and learn the true meaning of the word organic). You love to talk about its health benefits and its "greenness" but never talk much about how its much lower yeilds are going to feed 6 billion people and still produce all that corn and soybeans you need for your alternative energy boondoggles.

    What does all this have to do with the "investment" in greentech ventures? Well its this: Our government and you green lefties are always trying to socially engineer and manipulate us into using energy technologies that are not economically viable without heavy government subsidies. Ethanol is a perfect example.

    Personally I want to invest my money in things that will actually work.
    cornpie