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



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