The success of President Barack Obama’s latest climate change endeavors can succeed if the entrepreneurs of Silicon Valley would support it by developing new technology and establish an economy based on clean energy.
“Clean technology” used to be the major talk of the future in the tech industry with billionaires like Vinod Khosla and John Doerr saying it is the next best thing. Doerr and Khosla are venture capitalists that were able to amass a huge amount of wealth through the web, computer and other technology.
Now is the future that they were talking about. However, the present big thing in the tech industry is not clean and renewable energy, but photo sharing and other social media apps.
For Obama’s climate goals to happen, his proposal should inspire entrepreneurs by sending them a message that it is about time for clean and renewable energy to become the next big thing. The problem is, there are a lot of people from Silicon Valley who believe that the time for the sustainable energy boom has already come, but slipped away.
Khosla, who founded Sun Microsystems, is perhaps one of the most committed clean technology venture capitalists in Silicon Valley. He invests in high-cost, but high-risk science innovations. His Khosla Ventures allows him to invest in science experiments, like solar farms and coal deposit energy production companies. However, in a recent interview from The New York Times, he said he is also moving out from investing in clean and sustainable energy technologies.
In the interview, he said it takes some 10 years to train and develop talents for this technology, while more and more potentials are moving away from this critical area of science and technology. He said Obama’s proposal would probably inspire upcoming PhDs of the next generation to tackle this issue.