Steve Newcomb, a co-founder of search startup Powerset, is in the early stages of launching a ventur- capital fund that would accept green investments as low as $100, with a maximum investment of $1,000.
"It would be a breakthrough green venture-capital fund for the people, by the people. As excited as I was about PowerSet, I'm 10 times more excited about this," Newcomb told Wired.com. "Worldwide, there is the potential to raise a multibillion-dollar fund."
Food vs. Fuel - 0 views
Corn is caught in a tug-of-war between ethanol plants and food, one of the first signs of a coming agricultural transformation and a global economic shift. Ever since our ancestors in the Fertile Crescent first figured out how to grow grains, crops have been used mainly to feed people and livestock. But now that's changing in response to the high price of oil, the cost in lives and dollars of ensuring a supply of petroleum imports, and limits on climate-warming emissions of fossil fuels.
This year biofuels will take a third of America's (record) maize harvest. That affects food markets directly: fill up an SUV's fuel tank with ethanol and you have used enough maize to feed a person for a year. And it affects them indirectly, as farmers switch to maize from other crops. The 30m tonnes of extra maize going to ethanol this year amounts to half the fall in the world's overall grain stocks.