What's Wrong With Cleantech VC

The document critiques the state of cleantech venture capital, highlighting a lack of successful exits and established market knowledge among investors. It emphasizes the need for a shift towards smaller funds focusing on early-stage investments that foster innovative and high-growth businesses, rather than a concentration on late-stage deals. The authors argue for a reevaluation of investment strategies in cleantech to align with traditional VC models that historically led to successful returns.