'Cleantech' Venture Capitalists Drawn to Obama. By Edward Robinson, BloombergNews, September 29, 2008. "Blue-shirted, chino-clad techies aren't famed for agitating at political rallies, let alone sponsoring them. Yet in Obama, West Coast venture capitalists (VCs) have found an ally who's championing 'cleantech,' a buzzword for the new solar, biofuel and other carbon-free energy technologies they're betting on. While Republican Senator John McCain has pledged to fight global warming and enjoys support from such tech titans as former EBay Inc. Chief Executive Officer Meg Whitman, it's Obama who's captivated VCs and entrepreneurs. As a candidate who wields a BlackBerry and exploited online social networking to organize supporters and raise cash, Obama, 47, strikes many as a kindred spirit, says Steve Westly, managing partner of the Westly Group, a Menlo Park, California-based VC firm. Obama's embrace of renewable energy has endeared him to an industry that's counting on a green revolution to be the sequel to the 1990s Internet boom."
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