Gore joins top shelf VC firm: November 26, 2007.

Author:Scheer, Roddy
Position:THIS WEEK - Al Gore and Kleiner Perkins Caufield & Byers venture capital - Generation Investment Management LLP

Kleiner Perkins Caufield & Byers (KPCB), the Silicon Valley venture capital firm famous for bankrolling such high-tech success stories as Sun Microsystems, Compaq Computer and Google, trotted out Al Gore as its newest partner. In his part time role at the firm, Gore will focus on finding, funding and advising alternative-energy start-ups while counseling the firm on greening its other investments. The firm's decision to tap Gore underscores the prominence of alternative energy (increasingly known within the sector as "cleantech," short for clean technology) as the so-called "new, new thing" to high-flying venture capitalists.


For his part, Gore says he didn't join KPCB for the money, but rather for the opportunity to leverage additional sources of capital for the betterment of the environment. In fact, he has pledged to donate his salary from the firm to the Alliance for Climate Protection, the non-profit he helped start to "persuade people of the importance, urgency and feasibility of adopting and implementing effective and comprehensive solutions for the climate crisis" (in the words of the group's website). Of course, Gore doesn't necessarily need the money, as he already made a bundle of cash as a director at Apple and a special advisor to Google, not to mention from his own...

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