Many cleantech investors were cheered by the successful IPO of A123 this past week.
I noted a very interesting column on PE Hub (sub req'd), by Lawrence Aragon, one of the finer private equity journalists out there.
(We need to caveat all this by acknowledging that it's unlikely much of the VCs' returns have been realized yet, there's typically a lock-up period. So here's hoping the market valuation holds up. Still, Lawrence's approach of using current valuations is still quite useful for our illustrative purposes...)
Lawrence takes a look at estimated investment totals and returns for major VCs in the company, and concludes that these investors didn't produce "a huge return",...