April 3 -- As a venture capitalist, I spend much of my time on the unvarnished edge of capitalism. It’s a place where some level of failure is inevitable, survival of the fittest is an understatement, and success is usually the result of a combination of merit, relentless hard work and a little luck thrown in for good measure.
It’s in this spirit that I, along with colleagues like the Silicon Valley Leadership Group, support current proposals to create a California Green Bank to help grow clean energy innovation. Today, the Senate Budget Subcommittee on Resources, Environmental Protection, Energy and Transportation will consider spending priorities for the cap-and-trade auction revenue, estimated to be $850 million in 2014. They should consider spending a quarter of that to launch a Green Bank. >>View Article