We are talking about capital-intensive enterprises, so market certainty is the key. Investors and entrepreneurs have to know that there will be a guaranteed U.S. renewable energy market in which they can compete. Otherwise, they will create the next generation of green companies and green jobs in Asia, not here.
This is not a zero-sum game. We know that if we provide access and education, particularly where there are gaps in the market, we will create more jobs, we will create more growth, and we will create more activity in the U.S. market, which will be good for our economy.
If companies are able to raise equity from the market, then their problems for financing incomplete projects will come to end. Investment cycle in the capital market can kick-start with the money of savers and investors.
We call for a green New Deal, like the New Deal that got us out of the Great Depression, but in this case focusing on green jobs to create 100% clean renewable energy by 2030, which is exactly what the science calls for.
America is home to the best researchers, advanced manufacturers, and entrepreneurs in the world. There is no reason we cannot lead the planet in manufacturing solar panels and wind turbines, engineering the smart energy grid, and inspiring the next great companies that will be the titans of a new green energy economy.
As a bull market turns into a bear market, the new pros turn into optimists, hoping and praying the bear market will become a bull and save them. But as the market remains bearish, the optimists become pessimists, quit the profession, and return to their day jobs. This is when the real professional investors re-enter the market.
The concept of 'green jobs' or a 'green economy' is often attacked as the work of the Grimm Brothers by those wedded to the grim science of free-market economics.
For 'tis green, green, green, where the ruined towers are gray, And it's green, green, green, all the happy night and day; Green of leaf and green of sod, green of ivy on the wall, And the blessed Irish shamrock with the fairest green of all.
The sooner we switch away from carbon-based fuel and start relying on renewable energy sources available in the United States, the sooner we will grow our economy by creating the millions of new jobs that will come from retrofitting homes and businesses, building smart grids, renewable energy systems and planting trees and all the rest. We need to create a lot of jobs that can't be outsourced.
The JOBS Act will allow entrepreneurs to utilize 'crowdfunding,' which permits them to raise equity capital from a large pool of small investors.
I'm proud to join my colleagues in introducing the BUILD GREEN Infrastructure and Jobs Act. This critical legislation will not only invest in clean energy and improve transportation, but it will also prioritize projects in underserved communities and create good-paying jobs for the American people.
To economists, prices serve as crucial signals to producers and consumers. In a regulated market, the state sets prices high enough for private companies to cover their costs and earn a guaranteed profit for their investors. But in a deregulated market, prices should vary with demand and supply.
It's easy to say that entrepreneurs will create jobs and big companies will create unemployment, but this is simplistic. The real question is who will innovate.
For physical goods, there are costs associated with logistics and lead times, owing to inventories and poor forecasts of the market. With digital capital-intensive technology, however, production will inevitably move toward the final market, wherever it is. This re-localization constitutes a major shift in the structure of global supply networks.
We tell market researchers that we don't mind paying more for green benefits but only a minority of zealots ever really will. A campaign that delivers more widespread green behaviour is going to need to be cleverer that that.
Most entrepreneurs think capital is the biggest problem they have - but it's not. You can have all the capital you want, but if the market fit and ability to adjust are not present, your startup will likely not succeed.
Basically my point of view on unicorns is that private companies which have sky high valuations, it doesn't really mean anything in the real world until it's marked to market. And there's only two ways things get marked to market in venture capital: Either a company is acquired by another company for cash or marketable security, or it goes public, and then it has reporting requirements and then the market will determine the value.