Neal Dikeman, founding partner at Jane Capital Partners LLC, a boutique merchant bank advising strategic investors and startups in cleantech, and founding contributor of the Cleantech Blog, writes about Bessemer Ventures' new carbon friendly initiative.
"Their logic is simple, if they are investing in cleantech because they believe in being part of the global warming solution, not only making money, then they should practice what they preach. While still early days, they are targeting both their power and travel usage, and expect they will likely implement an internal reduction plan as well as purchasing offsets...Bessemer is also going to be buying offsets for their smaller portfolio companies (those under 50 people)."
"'The goal is that when these companies grow into bigger companies and leave the nest, they will continue the tradition. We want them (our portfolio companies) to lead the next generation environmentally responsible enterprises,' said Bessemer's Ted Lin, who also told Neal that they are looking for a good offset provider, because as with any venture capitalist, they are looking for the 'best of breed'."
If you can help Bessemer, Neal suggests emailing Ted at Ted@bvp.com.
Let's hope this is a trend, not just among cleantech VCs, but others.