Abstract: Entrepreneurship itself a accumulate steadily things, learn more about the actual – write code, do design, draw a line chart, don’t would want to have a big news. Even the cattle as the following 13 companies, have invested more than $100 million, this can be a real unicorn, but eventually suffered like God’s banter, only dramatic failure.
you may be smug, every day is my dream to wake up, holding the BP every day running around, with the big talk, blowing cattle. But still think God is not fair, let the dream and reality separated by the distance of about 10000000 dollars.
venture itself a accumulate steadily things, or to learn more young, less 36Kr, less entrepreneurial class, learn more practical: write code, do design, draw a line chart, don’t would want to have a big news. Even the cattle as the following 13 companies, they are already out of money problems, have invested more than $100 million, this can be a real unicorn, but eventually suffered like God’s banter, only dramatic failure.
– – –
equity financing total: $250 million
KiOR a factory
KiOR was founded in 2007 as a new renewable fuel company, whose founder, Paul O, is a chemical engineer in Holland, Connor.
The main business of the company
is through its independent research and development of biomass liquid catalytic cracking processing technology platform will be non food biomass (mainly for the Southern Yellow Pine) into fiber renewable diesel and gasoline fuel. Sounds great, right? I don’t understand, huh? Well, that’s right.
it has been that the United States government and Silicon Valley to promote bio energy that also was the "fortune" in 2000 as "the most successful venture capitalists" Khosla high hopes for the project that the company production of bio energy will change in the future 25 years gasoline only accounted for the market situation.
, however, KiOR filed for bankruptcy in 2014, 7 years after its founding. Most people think that the reason for the failure of the company is that the team has only a technical founder, and the lack of a real operational energy industry experience.
it is well known that the energy industry in the early stage of technology research and development costs, and no revenue. Therefore, if the commercial production can not be successful, the enterprise will face the risk of capital strand breaks. KiOR since its establishment in 2007, has been engaged in research and development in the burn stage. 2008 to 2010 the company has invested $35 million in R & D, the cumulative loss of more than $three over the past 65 million years. What is even more important is that, when the factory that has voted to build has not been able to produce stable output,