Solyndra Could Be The Biggest VC Loss in History
Earlier this week, Solyndra announced bankruptcy. The announcement is a blow not only for the solar technology we hoped the company could send flowing into the marketplace, but also for VCs who invested. Earth2Tech has a good post outlining just what a loss it could mean.
"When hip cell phone startup Amp'd Mobile went bankrupt back in 2007, the company lost its venture capital investors about $360 million. When solar maker Solyndra files for bankruptcy (they're aiming for next week) it could lose close to three times that amount, or a big chunk of its VC backers $1.1 billion (we'll see how much any assets go for). That could make it the largest equity loss for venture capitalists in history."
Read the full post at Eart2TechFollow Jaymi on Twitter for more stories like this