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Opalesque Exclusive: Tech and alternative energy investing, Connective Capital Management launching additional funds focused on the future
Kirsten Bischoff, Opalesque New York: The topic of alternative energy has gone from a conversational rarity to daily water cooler banter as the price of oil has skyrocketed over the past few months. But for Rob Romero and his team at Connective Capital Management, a Palo Alto, California-based firm, alternative energy and technology have been pretty much their sole focus since the launch of their first hedge fund in 2003.
That the topic is at the forefront of discussions in the news is evident as this week alone saw:
- The Governor of Michigan sign a law designed to put state resources into businesses and educational institutions focused on alternative energy.
- The Pennsylvania state budget which cut heavily on many items, significantly increased funding for alternative energy
- T. Boone Pickens announced he will spend $58 million on a multimedia campaign designed to bring more focus to solving the nation's energy crisis.
Romero, whose Silicon Valley background includes founding eVoice (which sold to AOL in 2001), management stints at Cisco, Netsys, and others, and co-founding a VC company which made early stage investments into companies such as Vonage, iRon Port and LiveOps, founded Connective with $5m in 2003. Together with his 8 person te...................... To view our full article Click here
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