Factors in the demise of a promising start-up heavily backed by venture capital firms and US government loans.
"Energy is an incumbents’ market," according to one venture capitalist (VC) nursing large losses on Solyndra, a US-based solar company that filed for bankruptcy last month.
The VC added that one cause of Solyndra’s failure even after $1.7bn in funding was the lack of large corporations from the power generation, utility or equipment manufacturing segments to help its factory and solar panel development, and also be potential customers.
The VC, which wrote off its equity investment about the time of…
