Green Tech Has The Steal Sign
Now, with a stroke of the pen, the U.S. government has become the largest global investor in green technology and is about to reignite the industry. "And that is a different ball game because it’s going to be bringing in tens of billions of dollars in capital as a single investor to this market," said Tim Newell of Merriman Curhan Ford, an investment bank in San Francisco that specializes in green tech.
While many green companies will benefit from this stimulus money pouring in, there are many companies that are at a critical point. These smaller green companies may or may not be around for the money.
I think the biggest confusion will be which green company deserves the money. If you take a look here at this great series on the whole green movement, there are a lot of choices. Giving the government that many choices could prove to be the downfall of companies needing the money today to survive into tomorrow.
Another factor about how the government operates is how they like to mandate how entrepreneurs do things. Maybe they aren’t doing so now, but how many startups out there have stimulus money from the fed’s? Having worked for the government in the past, I have first hand knowledge on how stupid they can get.
This is probably a terrible idea, as I totally agree that top level domain names are out of control. The Fed’s could easily be persuaded (ie: Lobbyists!) that .eco has to be a mandatory requirement. Far fetched? Not really if you have ever done any type of work for or in the government!
Government moves at a slower pace than the startup world, and while I believe that oversight is a good thing as far as this whole stimulus goes, I think in the arena of new energy – it’s going to hurt more than it helps. The worst part of having to wait is the fact that people in cities like San Jose can’t wait years for the money to start coming in.
That is the one thing the government still hasn’t been able to get right. No matter what administration is in control of the power and the money, they always seemingly forget the bottom line – It’s about the people stupid! Let’s all hope this time, in regards to all this bountiful stimulus money waiting to go to green tech, the money is distributed in a quick and accountable fashion.
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