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Kleiner Perkins Caulfield & Byers to invest in ‘green technology’

Venture capitalist John Doerr made his name and fortune with early investments in Netscape Communications, Amazon.com (AMZN), Google (GOOG) and other pioneering tech firms that went from scrappy start-ups to household names.

Now Doerr and his firm, Kleiner Perkins Caulfield & Byers, are placing big bets on an emerging sector he calls "green technology," one he believes could become as lucrative as information technology and biotechnology.

Menlo Park-based Kleiner Perkins plans to set aside $100 million of its latest $600 million fund for technologies that help provide cleaner energy, transportation, air and water. That’s on top of more than $50 million Kleiner Perkins had already invested in seven greentech ventures.

By Terence Chea, The Associated Press

Full Story: http://www.usatoday.com/tech/news/2006-04-10-green-venture-capitalist_x.htm

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