Word: busting
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Though they couldn't be more different from former dotcom darlings like? Pets.com, clean-tech start-ups were hit hard by the vaporization of venture capital in the wake of the tech and Internet bust of 2000. Funding for green venture capital plunged over the next three years. But it wasn't just flashbacks to that meltdown that initially kept venture capitalists cool on clean tech. Starting up an Internet company required relatively low levels of capital - at least before you started buying your employees massage chairs - and dangled the possibility of a quick and lucrative payoff. Cracking the energy...
Still, the dotcom bust casts a shadow, with fears that once again too much money is chasing too few good ideas. The drive to go green, so strong today, could rapidly lose momentum if oil prices were to drop significantly, and it hasn't escaped notice that clean tech has yet to produce a bank-breaking success like Netscape, which made Kleiner Perkins a fortune. "Everybody with a dollar thinks they're a clean-tech investor now," says Foundation Capital's Grosser. "A ton of people could lose a lot of money on solar or biofuels." But defenders point...
...Bhutto Deal Goes Bust In shutting down private TV channels and detaining opposition political leaders and protesting lawyers, the dictatorial President Pervez Musharraf has purged the basic human rights of a civilized society [Nov. 26]. His bloodless coup that overthrew Nawaz Sharif's government in 1999 was welcomed by many citizens, but now the general has lost support. There is dissatisfaction among the masses because of Musharraf's actions, especially his ouster of Chief Justice Iftikhar Muhammad Chaudhry. In desperately trying to hold on to power, Musharraf is making a joke of democracy. Democracy is not about installing a puppet...
...Bhutto Deal Goes Bust In shutting down private TV channels and detaining opposition political leaders and protesting lawyers, the dictatorial President Pervez Musharraf has purged the basic human rights of a civilized society [Nov. 26]. His bloodless coup that overthrew Nawaz Sharif's government in 1999 was welcomed by many citizens, but now the general has lost support. There is dissatisfaction among the masses because of Musharraf's actions, especially his ouster of Chief Justice Iftikhar Muhammad Chaudhry. In desperately trying to hold on to power, Musharraf is making a joke of democracy. Democracy is not about installing a puppet...
...ballot box. Most chavistas who celebrated early in front of the Miraflores presidential palace abandoned the party when the voting results were announced at 1 a.m., leaving a sparse crowd with long faces milling about in a sea of empty rum and beer bottles. A large inflatable bust of Chavez with his arms outstretched lay face-down and half-deflated on an empty stage. A man who looked drunk held up several soggy and torn "Yes" posters in front of a giant projection screen showing the President conceding defeat...