VCs Bet on Solar, Biofuel Money-Losers in Green Energy Frenzy

[Bloomberg] SolFocus sounds like a typical Silicon Valley startup: Eight employees, big ideas — and zero profit. Yet in mid-May, the phones at the eight-month-old company wouldn’t stop ringing. The callers were venture capitalists, and they were dangling millions of dollars in front of the Palo Alto, California-based solar panel maker. Ty Jagerson, vice president of business development, says as soon as he’d start talking to one VC, another would call offering money.

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