It was the dream of electric cars of the future. Has become a nightmare for venture capital. The best place to flop out of 836 million in a powder.
Silicon Valley: the promised land every successful startup that is worthy of respect. Israel: what they call with loving mystique run the nation. The two poles of global innovation are so different, but yet so diametrically. Two geographical areas, as a start-up, investment and venture capital funds, real orgasm for us italianozzi. Two realities, to systematically, for example in the boring local events there, where the network run, then who knows what other purpose. And yet, because of how it works.
Shai Agassi, Better Place's founder: "once you have a quest, you can not go back to the job search-if you want to live up to some nonsense, like the creation of a Fund of funds dedicated to institutional investors Belpaese, flaunting the fact that abroad thing works. True or false, and the audience nods, welcomes. The final applause and drinks for everyone.Too bad that the story has a backhand far less noble than what I always told you. Silicon Valley and Israel are two regions where financial speculation in startup tool to divert mountains of money of any kind. What works, not what they say, it pays off even a small part of all of this bankruptcy. It is suspected that this system, well oiled and enrolled in the Diocesan staff between the political and the banking system, instead of doing business and create wealth for a very different purpose.
Shai Agassi, the output wire 16.09, firmly announced as ' the future of electric vehicles.On some impressive numbers floating around. Better place start talking in the 2007 year. Of course, accompanied by a long promotional launch, narrated with a decisive tone print is good, a bit like what happened with the history of our Greenfluff to wangle new, never afraid to beat the muzzle against the glaring goof. From the heart of Israel but is based in Palo Alto, Better Place, working in the field of electric machines with replaceable batteries at filling stations in Australia, Canada, Denmark, Hawaii and Israel. Its founder, Shai Agassi, was a former Executive Director of the SAP. He talked about his creature as a kind of mission, and as soon as you have a quest, you can not go back to look for a job. As no.
Better place has closed its doors in May this year after the burned 836 million dollars of venture capital funds. To make the idea, the Italian Government to repair the damage of flooding in Sardinia has committed only 200 million euros. About a quarter of the cost of the burned from Better Place.
Better place is just one example of the endless Galaxy of early deaths that are flocking to cemeteries of Israeli startups and the Valley. A similar fate has touched Xeround, cloud-based service for managing databases. Liquidated in may after devouring the other 32 million dollars of venture capital. Just take a look at Google when you start the bankruptcy for the rotation of the shape.
Morale. Let's stop with the false myths and tirade that 99% mortality rate is pattern of physiological market where investment is considered more risky than those of classical enterprise. This is a good story to tell bambinetti just immature to make them happy and put them to bed with a smile. Because the reality is very different and must be said in the right direction. If you are not in favor of someone.
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