Monday, July 21, 2008

Profit for Algore, cattle car for you

Albert Gore Jr. continues in form. He repeatedly wants you and me to leave our cars and ride his buses. His limo habit is well documented, except for a few well chosen photo ops. And his two mansions each use as much energy as several homes of the peons.
New source: Washington Post "Making Gore's Switch Isn't Quite So Simple" For the Goreacle: Profit Digital Rules By Rich Karlgaard:
Follow the money and you'll find it. Al Gore is a partner at the prominent West Coast venture capital firm, Kleiner Perkins Caufield & Byers. The ex-veep and Nobel Prize winner is the most politically connected member of KPCB's "green tech team." KPCB is a justly famous VC firm. It funded Genentech, Compaq, Sun and Google, among others. Since 1972 the San Francisco/Menlo Park firm--under the first-generation leadership of Tom Perkins, Gene Kleiner and Brook Byers and, since the early 1990s, under John Doerr--has performed dazzlingly well for its limited partners. The best guess is annualized returns north of 40%. But KPCB hasn't had a big hit since Google. And now, according to this Fortune story, KPCB has bet the farm on green technology. Al Gore is a visionary (if you like him) or a fraud (if you don't). Drain the emotion and a more accurate description of Gore emerges. He's a lobbyist.

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