It’s no secret that it’s been a rocky road for many venture capitalists that have invested in greentech — their greentech investments haven’t made very many of them money. Now according to Dow Jones Venture Wire, Draper Fisher Jurvetson, which has one of the largest greentech portfolios, is shifting away from investing in greentech startups.
The move seems to have been happening for awhile. Both DFJ partners Raj Atluru and Josh Raffaelli left DFJ months ago to join Silver Lake Kraftwerk and it doesn’t seem like they were ever replaced. DFJ’s managing director Don Wood told VentureWire that the deal flow “perhaps has shifted somewhat toward mobile, cloud and consumer web of late.”