Posted by priuscient, a resident of Another Palo Alto neighborhood, on Nov 12, 2007 at 8:53 pm
Seriously, you can't expect a Nobel prize winner, former Vp and senator to go tooling around the country in a Tom Hanks Prius, or a Forrest Gump walkathon, or even, perish the thought, public transportation to spread the gospel. Secret service would have a serious case of the runs.
His new partners at KPCB would have to find a biojetfuel supplier or
just use their secret star power(a new energy source?) to stay safely above the masses.
This begs the question, why shouldn't all those V.C's and presidential aspirants settle for the President's annual salary, no options or fringes? Just a plain old working man's salary. Seems good enough for the rest of us to get by on limited means.
Posted by Mike, a resident of the College Terrace neighborhood, on Nov 12, 2007 at 9:27 pm
What? The last three posters don't understand venture capital very well.
Gore will be a powerful asset to KPCB in drawing innovative green (and other) technologies, as well as being able to open doors (all over the world) for KPCB companies that they haven't heretofore been able to open. Gore is a supremely well-networked guy.
Posted by Mike, a resident of the College Terrace neighborhood, on Nov 12, 2007 at 11:36 pm
oh, you mean like Google, Amazon, etc.? :)
Here's a bet; if a stock backed by Gore and KPCB funds makes it to an IPO, you will lose money if you short in the near term - even when the lockups are expiring.
You fundamentally misunderstand the intangibles behind partnering with Gore, as your claim is that anything he backs will be fluff, and people will bail as lockups expire. Keep betting, and let me know whan you start winning.
btw, Colin Powell is a limited KPCB partner.
KPCB isn't at the top of the game because they hire the wrong partners. What do you know that they don't? And, when did you raise your last fund?
Posted by Terry, a resident of the Midtown neighborhood, on Nov 13, 2007 at 12:11 am
Colin Powell is a "strategic limited partner" which is a new one on me - but I assume means he attends an offsite or two and opens his rolodex when asked.
I usually don't agree with Mike (or he with me ;-) but in this case I agree about not shorting. I saw a study of post-IPO performance of KP companies; there was something like an average 4x increase in value three years from time of distribution, looking back all the way to Fund I. I don't think you'll make good money shorting KP companies as a portfolio.
That said, there is not a great track record of people doing well entering VC from other industries at a senior level (even tech execs have a mixed record). As Doerr has been quoted, it takes 6-8 years and $20 million in losses to train a fighter pilot or a VC (and that $20 is probably $40 million now). We'll see how Gore does.
Posted by Mike, a resident of the College Terrace neighborhood, on Nov 13, 2007 at 10:38 am
Gore will not be trained as a typical VC; he will be deployed as a technology scout and as a government insider who can leverage his enormous international and domestic network to bring advantage to KPCB's portfolio.
Think government contracts; think legislative influenence; think the security industry; think green technologies - all these are Gore's bailiwick, and more. His presence at a firm mlike KPCB will be enormous. Also, he's a *very* smart guy, who was known as the hardest working member of the Congress when he was a legislator.
Powell's standing with KPCB is in much the same vein, but with far less "punch" than Gore can bring to the team re: the areas mentioned above (and more).
Posted by Greg, a resident of the Southgate neighborhood, on Nov 13, 2007 at 5:11 pm
There are some significant plays in the 'soft energy' approach, for instance nanotech/polymer/buckyball stuff (e.g. Konarka - Alan Heeger). These plays have a reassonalbe chance of making money. But they will not make much of a difference, in terms of energy supply. The only big player, for the next couple of decades is nuclear power.
Posted by Greg, a resident of the Southgate neighborhood, on Nov 13, 2007 at 6:34 pm
You take your talking points from Amory Lovins, etal. . He is a smart guy, but hopelessly naive. You don't seem to have any real "inside" knowledge. Neither he, nor you have an answer to the HUGE demand on electrical that is just around the corner, specifically the need to charge electric cars.
Posted by Jarred, a resident of the Midtown neighborhood, on Nov 13, 2007 at 8:41 pm
Mike, thanks for reminding me that Google and Amazon were backed by the Goracle. I had completely forgotten that he invented the internet!
Anyhow, it is pointless for us to argue over whether big Al will be a good parter at KP, because it is well known that "the debate is over". Anyone who disagrees is a Holocaust denier! You are all hereby cowed into silence.
Posted by reality check cubed, a resident of the Midtown neighborhood, on Nov 26, 2007 at 2:43 pm
You might also take a look at the forward resistance tat those applications are going to receive, and how not one of them will impact N. California. This is a dead technology, anywhere there are thinking people.
Posted by Greg, a resident of the Southgate neighborhood, on Nov 26, 2007 at 5:50 pm
Nuclear is here and now. If the Democrats win the WH in 2008 (starting to look doubtful, but still possible), they will slit their own throats if they further delay nuclear. Mass unemployment and possible riots in the street are not good for the Dems, if it happens under their watch. Hillary, for one, is smart enough not to delay nukes (although she will try cover her tracks with big new research funds for solar, wind, etc.). Base load electrical energy will become one of the major national issues during the next 10 years. The Dems cannot afford to be behind the curve on this one, or they will cease to exist as a political party.