Tesla Backers: We Must Bet on Both Miracles and Existing Technologies

Fortune
By Leena Rao
May 17, 2016

Investors weighed in on back­ing mir­a­cles vs. safe bets.

Should investors back clean energy moon­shots or exist­ing tech­nol­ogy break­throughs like solar and wind energy? Well, both, accord­ing to two clean tech investors who have invested in the likes of Tesla.

Stephan Doleza­lek, man­ag­ing direc­tor of Resour­cient Cap­i­tal Part­ners, and Nancy Pfund, man­ag­ing part­ner at DBL Part­ners, both com­mented on the bal­ance between the moon­shots and surer bets while at Fortune’s Brain­storm E con­fer­ence on Tuesday.

Their com­ments were in response to the recent deci­sion by Microsoft co-​​founder Bill Gates and a group of fel­low bil­lion­aires to cre­ate the Break­through Energy Coali­tion to spend bil­lions on clean­tech research and devel­op­ment. The goal is to help spur the tech­no­log­i­cal break­throughs that they say are needed to reduce the world’s depen­dence on carbon-​​based fuels.

To read the full arti­cle, visit For­tune.