Gore To Sit on Board
Al Gore has joined the board of the Silicon Valley venture capitalist firm Kleiner Perkins Caulfield & Byers.
Mr. Gore's new spot is the result of an alliance between Kleiner Perkins and his own firm Generation Investment Management.
Mr. Gore will bring a vast pool of contacts to Kleiner Perkins
The Nobel Peace Prize winner and former vice president sits on the board of Apple and serves as a senior adviser to Google.
Observers expect that Mr. Gore will be a great aid to Kleiner Perkins "clean tech" start-ups whose profit margins still depend largely on government subsidies and who have few links to big business.
Venture Capital Interest in Clean Tech
The announcement comes as venture capitalist groups have pushed more money into the "clean tech" industry.
In the first half of 2007 global venture capitalist investment in clean technologies surged to $1.1 billion.
Kleiner Perkins has said it plans to devote one-third of its $600 million investment fund to clean energy technology start-ups by 2009.