Boston, Mass. -- Boston’s angels are increasingly interested in cleantech. But to what end?
At the state of Massachusetts’ sixth annual Conference on Clean Energy, leading early-stage investors discussed the differences between venture firms and angel investors. Whereas institutional funds focus on market-disrupting technological innovations, angels are more willing to consider smaller businesses, niche markets and service companies.
“It is very important to differentiate between what is a good business for you as the entrepreneur versus what is a good business for me as a VC investor,” said David Wells of Kleiner Perkins Caufield & Byers. “I am trying to move the needle on a billion-dollar fund and create a durable enterprise that will still be standing 10 or 20 years from now. That is very different from you achieving success with your venture. Just because I declined to invest does not mean it is not good for you. It means that I cannot achieve my objectives with my fund. Angel investors and high-net-worth individuals have their bar set in a different place.”
To read the full, original article click on this link: In Boston, Green Tech Angels Try to Take Flight : Greentech Media
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