Gore, Doerr & Joy is not a folk rock supergroup but an investment power trio with a common goal: To use market forces to stop global warming.
...Together, they're inviting all comers to submit eco-friendly business plans in need of capital.
The climate situation is so dire, and the investment opportunity so enticing, that the principals are determined to leave no possible solution unexplored.
...The alliance with Generation will help him figure out where to put the new money. The alt-fuels market is estimated to be worth $1 trillion, the global energy industry worth six times as much. All of which makes the new Green Revolution the new internet on Sand Hill Road.
"It's going to be fun and wildly profitable, and really good for the planet. How can you not be excited about this?" says Joy.
Well, a flood of dodgy proposals soon to arrive at KPCB-Generation central might give the VCs pause.
Wired talked with Gore, Joy, Doerr and Generation co-founder and managing partner David Blood during a Monday conference call.
Al Gore: If I could start up with a brief opening comment. We are announcing an international alliance between Generation Investment Management and Kleiner, Perkins, Caulfield and Byers to accelerate solutions to the climate crisis. These two firms, in alliance, cover the full spectrum of the investment marketplace, and we’re asking entrepreneurs, innovators, investors and technologists around the world to send us their ideas, business plans and new technologies....MUCH MORE