Venture capital firm Draper Fisher Jurvetson announced its next $325 million fund this week, and also highlighted changes and transitions that have been happening at the firm. There are changes with execs managing the fund — the firms’ founders won’t be investing and Managing Director Jennifer Fonstad has moved on as well — but there’s also a shifting focus, including an official move away from cleantech investing.
DFJ has steered clear of cleantech investments for awhile now. Dow Jones first reported this way back in 2012. You could also tell the winds were changing because in late 2011, DFJ partners Raj Atluru and Josh Raffaelli, both of whom did substantial cleantech investments, left to join Silver Lake Kraftwerk, Silver Lake’s sustainable resources growth fund.
But the interesting part about DFJ putting the nail in the coffin of cleantech — for this latest fund, anyway — is…
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