How have cleantech investment theses’ changed in the past decade?
At Renewable Energy Finance Forum (REFF) West, veteran investors spoke about what they’ve learned.
“We went into [cleantech] with the notion that we have taken a lot of companies public [and] know what IPO management teams looks like,” said Stephan Dolezalek, Managing Director of VantagePoint Venture Partners. “Problem was, we were taking companies public at $90 million valuations that were still relative startups. Now we are taking companies public at $2-4 billion. You need a completely different management team. We have had to work much, much harder on getting management teams into these companies that can run multi-billion dollar global enterprises.”
To read the full, original article click on this link: The Lessons Veteran Investors Have Learned : Greentech Media
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