28 Apr '17, 10am

A Battery-Material Startup Applies Lessons From the Venture Capital Bust

Samir Mayekar was fine-tuning his idea for a battery startup in 2012 when A123 went belly-up . A123 never achieved profitable electric-vehicle battery sales, even after it raised $1 billion from private capital, government stimulus funds, and an IPO. Witnessing the demise of A123 -- and a host of other startups with valuable storage IP -- left a mark on Mayekar, and altered his approach to founding the silicon anode startup SiNode. SiNode spawned out of a class at Northwestern University that paired MBA students like Mayekar with science Ph.D. students to study the commercialization of energy technology. He decided to build a business around a piece of anode technology developed at the university, but not before conducting a listening tour with nearly a dozen battery company founders. "We had the benefit of not being part of the cleantech boom," Mayekar said. "I talked to ...

Full article: https://www.greentechmedia.com/articles/read/a-battery-ma...

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