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Bloom Energy-Kept a Secret till now!

Kleiner Perkins Caufield & Byers (KPCB) is a venture capital firm located in Silicon Valley,with headquarters in Menlo Park, California.

The company has been a traditional investor in more than 300 IT (information technology) and biotech firms, over the past thirty five years, including: Amazon.com, America Online, Brio Technology, Compaq, Electronic Arts, Flextronics, Genentech, Google, Intuit, Lotus Development, LSI Logic, Macromedia, Netscape, Quantum, Segway, Sun Microsystems, and Tandem.

Interesting enough, KPCB launched a $500 Million Green Growth Fund for green tech companies in their growth phases and KPCB XIII a $700 Million green tech fund for early stage green companies. KPCB also started the green tech Innovation Network (GIN) with many of the worlds leading GREEN ­minded entrepreneurs, scientists, policymakers, and Fortune 100 business leaders.

One of the most recent investments KPCB made was for Bloom Energy. K.R. Sridhar in Oct 2001 was lucky enough to have a meeting with KPCB king partner John Doerr. Many years later on a show in February of 2010, 60 minutes aired live for the first time exposing the secretive technology from Bloom Energy.

Blooms technology was kept hush, hush, for a very long time making a blasting annoucment during the 60 minute review live on tv..

K.R. Sridhar’s founder of Bloom Energy has engineered a little tiny black box that is hard to believe its renewable energy by using a form of hydrogen fuel cells made of out metal alloy materials and ordinary beach sand.

In 2006 KPCB indicated they would allocate and spend a whopping$ 200 million dollars out of 600 million and sink it into the renewable energy sector.

KPCB was the first VC firm to go green with this type of investment in its investment history ever. Most likely KPCB has already served as the catalyst to help stir up an earnest renewable energy revolution. The cool thing is that other investors will follow and create a domino effect empowering the renewable energy sectors with appropriate financing.

Currently KPCB for the first time ever, reached out to other investors to invest in their funds creating a green investment surge that inspired all types of investors to join them. Joyn Doerrs in a brief statement said:

“The New Energy Technologies could be the largest economic opportunity of the 21st century.”

http://www.Solarcafeshop.com is a leading renewable energy website and blog on top of the hottest topics in the renewable energy field.

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