John Doerr Gives U.S. ‘C’ Grade on Alternative-Energy
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John Doerr, head of Kleiner Perkins Caufield & Byers’s alternative-energy practice, said he would give the U.S. a C grade for development of green technology, which trails innovation in Internet and biotechnology.
His grade would have been a D or F without $20 billion in loan guarantees for clean-energy projects under President Barack Obama’s stimulus plan and collaborative work between the government and private sector, Doerr said yesterday at an event in Palo Alto, California. He and other members of the White House Council on Jobs and Competitiveness spoke on a panel about entrepreneurship.