VC jumps from biotech to cleantech

10/8/2008 | Bloomberg Businessweek

Nigel Beeley spent 25 years working in biotech companies, but when he started his own business, he ditched that industry in favor of emerging energy technologies. Why? For the same reason Willie Sutton robbed banks. As biotech's youthful glow fades, $2.5 billion in venture funding poured into cleantech last year.

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