02 Sep '11, 3pm

As some #solar co.'s fail we'll see more attacks on #greenjobs but @SamiGrover says that's okay:

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 Eart2Tech

Full article: http://www.treehugger.com/files/2011/09/solyndra-could-be...

Tweets

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