Word: maeder
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Dates: during 2000-2009
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Environmentalists can't decide whether to celebrate the recession or dread it. Conventional wisdom holds that the green movement will be one of the first casualties of the downturn. "The clean-tech industry is at risk because of a real lack of access to capital," says Paul Maeder, who helps oversee clean-tech investments for Highland Capital, the global venture-capital firm he co-founded. But in his next breath, Maeder explains why the current economic mess may end up being a boon to environmentalism - by forcing change. "We're in a crisis because of oil prices and climate change...
...initial public offering. But popping the bubble might not be a bad thing if the tougher economy forces the clean-tech industry to make better use of its resources. It may emerge even stronger from the crisis. "Change is good for start-ups and bad for the establishment," says Maeder. "I like change. I think this is a huge opportunity...