Record Capital Again Flows to Clean Tech. By Deborah Gage, SFChron, October 1, 2008. "Clean technology startups once again raised a record amount of venture capital in the third quarter, $2.6 billion, with 42 percent of it going to companies in California, according to a new report. More than two-thirds of the funding went to firms in the United States. But problems with the U.S. financial system means the torrid pace can't continue, the report warned, potentially threatening one of the bright spots in Silicon Valley's economy. 'The investors we've talked to are all very worried about credit and the availability of capital,' said Brian Fan, senior director of research at the Cleantech Group in San Francisco, which issued the report. But, he said, if Congress doesn't agree on a bailout plan, 'All bets are off.'"
2008-10-03
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