Tied closely to venture capitalists in Silicon Valley, the renewable capitalist have been losing big time in the marketplace, the victims of foreign, largely Chinese competition, and the burgeoning natural gas industry.

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Last March was a big month in the life of Ryan Drant , a venture capitalist with New Enterprise Associates in Baltimore.

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That is going to make it hard for a start-up CEO to persuade a venture capitalist that he is going to get in on the next big thing.

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The notion that Mr O'Connor has turned from free-wheeling arch-capitalist into a latter-day Big Brother is ironic indeed.

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