Konarka bankrupt

Via Juan Bisquert’s post: solar cell company Konarka filed for bankrupty yesterday according to Businessweek. It is always hard to be the first… Konarka received its first venture capital in mid 2001.

Howard Berke, CEO of Konarka:

This is a tragedy for Konarka’s shareholders and employees and for the development of alternative energy in the U.S.

Let’s hope that our friends from Konarka find other suitable positions, and that other companies such as Heliatek take up the lead!

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4 thoughts on “Konarka bankrupt”

  1. Sad, but don’t cry for the Venture Capitalists, they knew the risk and well Konarka…they did a good job of being a posterboy for the technology during the influential years. But does this highlight a more thorny issue about academics and business, that academics, with a few exceptions, make poor business people?

  2. So I wonder what’s going to happen with the man in black (Alan Heeger). Was he still Chief Scientist?

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