Thursday, September 15, 2011

New building?

Solyndra, a startup, was constructing a new factory building on a new site before they went belly up.
Wow. All the famous startups around here got started renting existing, old and shabby, industrial space, old mill buildings. Digital Equipment Corp (DEC) got started in an old woolen mill in Maynard MA. New buildings are expensive, and probably a lot of that $535 million US taxpayer loan guarantee went into construction.
Maybe Solyndra failed because it's principles were spendthrifts?

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