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.
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