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Old January 5th   #1
dragginbody87
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Georgians on the hook for failed ethanol facility

http://www.ajc.com/news/georgia-poli...k-1290099.html

Quote:
“Range Fuels, the failed wood-to-ethanol factory in southeastern Georgia that cost taxpayers $70 million, was sold Tuesday for pennies on the dollar. Its buyer is a company that is backed by the same man who bankrolled and helped secure government loans for Range Fuels before it went bust last year.”
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Old January 5th   #2
Samir
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The takeaway I got from this article was "Government should not be in the venture capital business..."

Someone I used to know growing up does this as a 'startup developer'. He makes an idea, gets funding, and then moves on to another when the idea doesn't turn commercial. Apparently, this can be a way of life. He's got a wife and a family now as well. Who knew?
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Old January 5th   #3
mailman
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Quote:
Originally Posted by Samir View Post
The takeaway I got from this article was "Government should not be in the venture capital business..."

Someone I used to know growing up does this as a 'startup developer'. He makes an idea, gets funding, and then moves on to another when the idea doesn't turn commercial. Apparently, this can be a way of life. He's got a wife and a family now as well. Who knew?
I think your takeaway is most precisely correct.
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