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."

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Tags: Solar Power | Technology

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