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February 18, 2009

Scary Economic Indicators

When desalination startups start to make news and attract VC capital, I think we can say Peak Water is here:
Desalination start-up Oasys Water is banking on the fact that water will shortly be the new oil.

Flagship Ventures, Advanced Technology Ventures (ATV), and Draper Fisher Jurvetson (DFJ) seem to agree as the three invested a total of $10 million in Series A funding.

Sounds like this group is pretty far from shipping product. But I'm sure folks in Los Angeles are interested in getting on the waiting list.

Photo by Hypergurl used under CC license

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