Been away on a major travel binge, so apologies for a download of a bunch of randomness that has accumulated over the past few weeks. So, in no particular order:
1. Selling even millions of dollars' worth of a Gen 1 product at zero or negative gross margins doesn't count as "Commercialization". It's just a large beta test. ...Yes I'm talking to you, thin film solar and solid-oxide fuel cell industries.
2. Tom Pincince, President and CEO at my portfolio company Digital Lumens, is also a former Forrester Research analyst. And he has some pretty interesting predictions on LEDs. Definitely check them out.
3. VC/PE funds often pass on great deals. And know it. Constantly-shifting...