Venture Capitol: The New VC Force




DOE is the most generous VC firm. According to the Wall Street Journal, the DOE has invested $13 billions. Unlike traditional VC firms, the DOE is loaning money to companies who have innovative technology. By comparison, the private VC firms invested only $2.68 billion in 2009.

One of the recipients of the generous funding is  Fisker Automotive Inc. The company received $528 million to continue the development and building of a new gasoline-electric hybrid car, named Karma (pictured above).

via the Wall Street Journal

 

What did you think of this article?




Trackbacks
  • No trackbacks exist for this post.
Comments
  • No comments exist for this post.
Leave a comment

Submitted comments are subject to moderation before being displayed.

 Name (required)

 Email (will not be published) (required)

 Website

Your comment is 0 characters limited to 3000 characters.