Reply to Did the Algae Car Go the Way of Solyndra?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Maybe that research is still ongoing, and not a product yet, but Obama has been successful with other alternative fueled cars, like the Tesla Model S. It's weird how I never hear about Obama's success with Tesla, but constantly hear about Solyndra.[/quote]

Oh success.  What has been the Executive Genius's ROI overall?[/quote]

If he was a venture capitalist, his energy investments would be fantastic.[/quote]

Could you put some numbers to that?  I need a good laugh.

He and his party have over the last few decades have made Detroit a real paradise.[/quote]

OK.  Tesla was worth $500M when Obama put $465M into it.  If he was a VC it would have been an equity investment worth approximately half of the value of Tesla.  Based on the market cap, it would be a $12-13 billion dollar return.

If you ran a VC fund that had $34 billion invested, and five years out you had 1 exit worth 33% of the fund value, write-offs of only $680M ~2% of the fund, and the remaining 32.9B still at work with only one more at risk (Fisker, $200M), you would be a genius.  The losses I am counting are A123, Solyndra, Vehicle Production Group, Ecotality.  The average VC hopes that 10% of its portfolio makes it.

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