Info Tech Pros Could Benefit By Slowing Green Investments

Silicon Valley might pull back in their green startup investments in the coming year, and venture capitalist Rob Day sees that as a good thing.

Michael Kanellos, blogging on GreenTechMedia.com, cites @Ventures partner Day as seeing VC investing in green-tech declining by as much as 40% in the first half of 2009. Funds would be diverted away from crowded markets like solar and biofuels.

Why is that a good thing? Funds that will be invested would be redirected toward areas that could benefit IT professionals. Kanellos writes:

You can already see the re-education of many investors taking place. Many have begun to pay more attention to green software companies and smart-grid companies that hope to port classic IT technologies to the grid. Can smart grid become a bubble too? Sure, but at least it’s familiar territory to many, and these kind of companies don’t need big factories. Thus, the dangers of over-funding are reduced.