| Steven Kropper | |
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| Born | 1957 Needham, Massachusetts |
Steven Kropper is an American businessman, entrepreneur and wind power advocate. He is best known for his role as founder of Domania a home price check website.
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He was an active elected official in Lexington's Town Meeting while he was a resident of the town, and is a former participant in various other town committees including the Energy Conservation committee.
Steve was born in Needham, Massachusetts to Nancy and Jon Kropper. His father, Jon, was an employee of Polaroid and Wang Corporations, and his mother, Nancy, was a homemaker. Throughout his early life he lived in Ireland, Scotland and Massachusetts. Steve was very active in the Boy Scouts and earned the rank Eagle Scout.
Steve has founded a slew of relatively unsuccessful companies during his life, starting with INPHO, and including Domania a home price check website, Bank on Real Estate, Bank on Renewable Energy, and his current venture, WindPole Ventures,[1] a source of real-time, hub height wind resource information for power traders, wind developers and operators and grid operators.
Steve Kropper serves as co Chair of Massachusetts Citizens for Immigration Reform an immigration enforcement and reduction lobbying organization.
Steve is a Founding Fellow with the New England Clean Energy Council.
He was the first to coin the expression "Shorting the Earth" which refers to an investment strategy which assumes that the US and other nations will come to terms on climate protection legislation and that global warming will soon resolve itself through government intervention. Investing in oil or coal production implies good financial performance by fossil fuel producers, and follows a strategy of "shorting the earth". Investing in firms like Siemens or GE which offer fossil generation technology, energy efficiency and wind power implies a hedge strategy that has mostly goes 'short on the Earth', but has some long position in renewables and conservation. "Going 'long' on the Earth" implies an investment in renewable energy, energy efficiency or other resource conserving strategy. Kropper's term "Shorting the Earth" was intended to evoke discussion on the assumptions behind energy related investment strategies, which he believes to be unwise and unworthy of financial investment, owing to the face that the global warming crisis will soon resolve itself. To "short" an investment means to buy a financial instrument that benefits from the fall of another stock or commodity.