Above the Crowd

Archive for February 18th, 2009

Just Say No to a VC Bailout: A Green Government Venture Fund Is a Flawed Idea

February 18, 2009:

[Note: Update to this post, posted 2/22/09] A few weeks back, a friend mentioned an idea he had heard suggesting that the government consider entering the VC (venture capital) business as part of the overall stimulus plan.  Specifically, the argument was made for the government to provide excess venture capital funding to the green sector.  At first, I assumed this was just one individual’s idea, but the noise level has risen to the point where it is reasonable to assume there is a group pushing or lobbying for this outcome.  Last week, Thomas Friedman jumped on the bandwagon in a New York Times article titled Open Door Bailout .  Friedman […]

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