This past weekend, I was talking about a tech company with a friend of mine. The company in question looked promising, but the exit strategy patently seemed geared toward a quick sale.
“It’s a burger,"? he said. “Born to flip."?
That description will become more common in the world of biofuels. A whole raft of cellulosic ethanol, biodiesel and butanol companies have launched in recent years and gathered hundreds of millions in venture capital. Their processing techniques range from futuristic (getting microbes to convert plant matter into alcohol) to slightly retro (employing the Fischer-Tropsch method once used by the Third Reich to turn coal into tank fuel to convert leaves into...
