I'm not convinced that statement applies to this particular fund's goals. The first greentech "boom" you mentioned in another reply, to me was very much like the dot-com boom. Everybody wanted in on the gold rush, and very few of them actually knew their (engineering) stuff. Even those that did, many got taken out with the fall. Classic hype cycle: https://en.wikipedia.org/wiki/Hype_cycle My point is, given that most of the tech is now economically competitive (or about to be), these guys are betting that we're entering the "slope of enlightenment." And given some of the names on that board, I'm inclined to believe they know what they're doing.
Good point I think, the timing does look about right. This would be a bit similar to smart phones, as well as VR where we're now on try #2 and I think the technology is good enough this time to get a large number of early adopters on board.
