September 7, 2011

Solyndra and the debate on gov't funding

Sorry for the post delay this week. Work deadlines and school are bad combination.

This week, most of the green social media talk is on solar panel manufacturer Solyndra and it's bankruptcy filing. Solyndra was one of the biggest recipients of US government funding (around $527m to be exact according to a NY Times article). I remembered in 2008-2009, the company was also a darling of the venture capital world.

The debate these days is whether government funding, loans and subsidies are really that helpful - both for taxpayers and for technology start-ups, especially when US lawmakers are talking about cutting spending.

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