VCs Predict More Cleantech Funding in 2008

Folks, it’s getting to be that time again, when the New Year’s predictions start to roll in. An early, and unsurprisingly bullish one for the cleantech industry was released this morning, from the National Venture Capital Association. It says that the majority of NVCA venture capitalists think that there will both be more investment in and more overvaluation of the cleantech sector in 2008. It’s like a New Year’s party that lasts way too long. And yes, this is only according to 170 U.S. venture capitalists.

  • 80 percent of respondents said the cleantech sector will attract higher levels of VC in 2008.
  • 61 percent of respondents said that the cleantech sector will be overvalued in 2008.
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