Corn ethanol has not received a single venture capital dollar this
year, compared to $495 million it received just two yeas ago, according
to a Reuters report.
Corn ethanol has fallen out of favor due to concerns over its
contribution to environmental degradation and worldwide food
shortages.
Venture capitalists have moved on to the next generation of
biofuels, investing in companies that are producing fuel from
cellulose, algae and even turkey guts.
"Corn has served a useful purpose," said Vinod Khosla, one of
Silicon Valley's best-known venture capitalists. "We wouldn't have been
investing in alternatives (to corn)... because corn created the
market."
Read the full report.
