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January 22, 2007
Billions Of Reasons To Invest In Alt Energy And Dotcoms
Wonder why Silicon Valley VCs are eyeing cleantech? It could be the IPOs - few other areas areas for VC type investment are generating billion dollar valued companies.
Throughout 2005 to mid 2006, alt energy IPOs delivered four companies with market caps of greater than a billion dollars, namely REC (Norway), Q-Cells (Germany), Conergy (Germany), and Sunpower (us), according to Bankinvest New Energy Solutions, which is currently raising its second alt energy VC fund.
The a:c euro, which is not raising a new fund, adds that in the meantime France's Energies Nouvelles completed yet another multi-billion euro IPO on the Euronext.
And while we're on the topic of value creation, there's Betfair, which is a three billion dollar reason that VCs are interested in Internet ventures again. (See our earlier post Web 2.0 VC Dealmaking On The Upswing)
"Betfair is one of the largest Internet success stories that few of us in the US know much about. This is because Betfair is a UK-based company that operates the world’s largest online betting exchange and does not accept bets from US consumers...
So begins a recent post on Betfair in Startup Review. The article is worth reading for several reasons:
1) it provides details on money-in and money-out (more correctly said, partially out),
2) insight into how the founders grew the biz, and
3) it is a story about "how a non-VC funded Internet startup can win against a better-funded VC-backed start-up in the same market".
Read - Web 2.0 VC Dealmaking On The Upswing (a:c euro)
Link - Bankinvest Alt Energy Presentation (pdf)
Read - Betfair Case Study Target Niche And Expand (startup review blog)
Posted on January 22, 2007 01:40 PM | Posted to Venture Capital | Permalink
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