|Updated: 3/25/2007; 11:19:53 PM.
|Ken Novak's Weblog
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Tuesday, March 06, 2007
Adam Smith turns green:
Nice short statement that many friends of mine could make. "We investors and entrepreneurs in the cleantech world have a guilty conscience. People often ask us, ďAre you motivated by the money or by the mission?Ē Itís become unfashionable and a little shameful to say youíre driven by anything but profit, but Iím not afraid to say Iím a clean energy investor because of my values. ..
I looked at the energy marketplace and what was happening with new technologies .. It felt like the revolutionary zeal that I and other entrepreneurs had for the internet in the early days. And when we were asked, ďare you in this to make money or change the world?Ē Of course we wanted to change the world! Making money was just validation that it worked. Virtually every early internet entrepreneur I knew recognized the opportunity to change the world for the better by growing the Net. It wasnít until many years later that the hordes of profit-only entrepreneurs came to the scene. Indeed, if you want a sign of over-investment in cleantech, look for an invasion of founders and CEOs who are in it only for the money." 12:29:32 PM
Copyright 2007 © Ken Novak.
Last update: 3/25/2007; 11:19:53 PM.