Camille Ricketts of Venture Beat moderated a panel on VC investment in smart grid at the Greenbeat event this morning.
Here are a few notable observations and quotes from the investors on the panel.
Peter Wagner of Accel Partners:
- "Wouldn't be surprised to see Cisco acquire Silver Spring Networks – although Cisco is probably tired of being extorted in the M&A market." (See Tandberg.)
- The negative with government smart grid funding is the risk of "false positives" – chasing pools of dollars that seem to exist but are really a mirage.
Don Wood of DFJ on greentech exit action in China:
Thursday, November 19, 2009
Following the Money in Smart Grid
We saw the public names in yesterday's "Reviewing the New Smart Grid ETF (GRID)" and Tuesday's "First Trust Rolls Out Electric-Grid-Linked ETF (GRID)". Here are some Venture Capital thoughts from Greenlight: