You are following the money. The great minds and the capital will move to the places that are the most aggressive, most active and where the growth rate is highest.
Most breakthroughs actually come from ideas that may have not been initially identified as related to the problem. But when the price of oil goes as high as it has, it creates a much broader umbrella under which to invest.
Open standards tend to encourage creativity. We believe that entrepreneurs everywhere can better improve the world with open platforms to work from. Our affiliates in emerging countries and all their portfolio companies will almost certainly benefit from the adoption of open standards.
We think there's a tectonic shift coming. With a finite supply of fossil fuels, over time the price of conventional energy will increase, allowing some of these alternatives to come in.
With the closing of these funds we can continue to invest in those information technology startups that have the potential to be billion dollar international companies.