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He has the Nobel Peace Prize and an Academy Award for his eco-work, what more could the former Vice President do for green technology? Ah yes, help a Silicon Valley venture firm invest in it. The word is out this morning that Al Gore will join […]

algorenobelprize1.jpgHe has the Nobel Peace Prize and an Academy Award for his eco-work, what more could the former Vice President do for green technology? Ah yes, help a Silicon Valley venture firm invest in it. The word is out this morning that Al Gore will join Kleiner Perkins Caufield and Byers as a partner. Wow, the venture world hasn’t got this high-profile a VC since Bono and Colin Powell (a KPCB strategic partner). The fact that Gore will be looking into cleantech startups speaks volumes about the buzz around the industry.

We’re also thinking it probably means no presidential run. While Gore will join Kleiner, the investment firm that Gore co-founded, Generation Investment Management, will partner with KPCB on a broader scale; KPCB’s John Doerr will join Generation’s advisory board. Doerr himself is a high-profile green VC and is well-known for his teary-eyed TED speech. Of course, being the eternal green do-gooder that Gore is, he will donate 100 percent of his KPCB salary to the Alliance for Climate Protection.

Beyond the celebrity factor, Al Gore will certainly be able to open doors for portfolio startups — who would refuse an intro via the man that won once won the popular presidential vote? And when it comes to helping influence regulation that will help the cleantech industry, there are few better advocates to have in your corner.

Fortune has a great article on the collaboration between Gore and Doerr, which leads with Gore doing due diligence on KPCB-backed solar thermal startup Ausra, which we’ve covered extensively. Gore tells Fortune he will be an “active, hands-on” partner with KPCB, unlike the rarely heard about KPCB celeb partner Powell.

Fortune also gives us KPCB’s cleantech stats:

“According to Doerr, by 2009 more than a third of Kleiner’s latest fund, which was raised in 2006 and totals $600 million, will be invested in technologies that aim to reduce emissions of carbon dioxide. Already Kleiner has invested more than $270 million from various funds in 26 companies that make everything from microbes that scrub old oil wells to electric cars to noncorn ethanol. Twelve of Kleiner’s 22 partners now spend some or all of their time on green investments.”

Oh yeah and one little nagging point:

“Five years after Kleiner Perkins made its first green investment, the firm hasn’t had one ‘exit’ — VC-speak for an IPO or a sale of a company that validates the investment thesis.”

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  1. Al Gore: Profits, Not Presidential Bid Part Of The Plan « GigaOM Monday, November 12, 2007

    [...] the fabled Sand Hill Road VC firm, and he is going to lead KP’s cleantech investments.   Continue Reading. Share This | Sphere | Print Posts | Topic: Shorts [...]

  2. He will be a presidential candidate, or don’t?

  3. Barack Obama Would Create Clean Tech VC Fund « Earth2Tech Wednesday, November 14, 2007

    [...] Written by Katie Fehrenbacher No Comments Posted November 14th, 2007 at 1:17 pm in Policy Gore has gone all cleantech VC, why can’t a presidential candidate use a clean tech venture fund as a platform for election? [...]

  4. Earth2Tech » Blog Archive » Barack Obama Would Create Cleantech VC Fund Wednesday, November 14, 2007

    [...] Former VP Al Gore has gone all cleantech VC, so why can’t a presidential candidate use a cleantech venture fund as a platform for election? Illinois Senator Barack Obama said on Wednesday that, if elected, he would create a ‘Clean Technologies Deployment Venture Capital Fund’ backed by an annual $10 billion investment over five years. He said in a statement that the fund is “to ensure that promising technologies move beyond the lab and are commercialized in the U.S.” [...]

  5. Climate Change Report: Yep, It’s Real, Dire and Needs Cleantech Startups « Earth2Tech Monday, November 19, 2007

    [...] US has to lead on this issue, and it’s going to need key allies emerging from Silicon Valley (Thanks, Al) whose combined political weight rivals that of the entrenched energy interests. As Craig reported [...]

  6. DFJ Leads Cleantech Venture Investing 2007 « Earth2Tech Tuesday, November 27, 2007

    [...] November 27th, 2007 at 7:24 am in Startups Kleiner Perkins Caufield & Byers might have the green duo Gore and Doerr in their corner. And Khosla Ventures, well, obviously the biofuel Boss Vinod Khosla is leading that [...]

  7. Earth2Tech » Blog Archive » DFJ Leading the Cleantech (Investment) Crusade Tuesday, November 27, 2007

    [...] Perkins Caufield & Byers might have the green duo Gore and Doerr in their corner. And Khosla Ventures, well, obviously the biofuel Boss Vinod Khosla is leading that [...]

  8. SkyFuel Heats Up Solar Thermal « Earth2Tech Wednesday, December 12, 2007

    [...] liquid that in turn power steam turbines, has piqued the interest of such high profile investors as Nobel peace prize winner turned Kleiner VC Al Gore to Google, which plans to invest millions into solar thermal [...]

  9. Earth2Tech » Blog Archive » SkyFuel Heats Up Solar Thermal Wednesday, December 12, 2007

    [...] liquid that in turn power steam turbines, has piqued the interest of such high profile investors as Nobel peace prize winner turned Kleiner VC Al Gore to Google, which plans to invest millions into solar thermal [...]

  10. John Doerr: Lack of Energy R&D is Almost Criminal « Earth2Tech Sunday, March 9, 2008

    [...] criminal that we’re not investing more in energy R&D.” And Doerr, who’s firm has already put almost $300 million into clean technologies, is advocating several green policies to help fight this [...]

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