Roundup: Another record for cleantech, economy contracting, music news and more
Here’s the latest action:
Cleantech has another record quarter — A total of $1.6 billion went into cleantech during the most recent quarter. However, much of the money came in a few massive later-stage rounds, so the sector shouldn’t breathe easy in the face of recession.
US economy contracts most in seven years — Analysts expect a massive 2.5 percent drop in GDP growth next year. More detail at Reuters.
MTV exec may head MySpace Music — MTV vice president Courtney… Continue Reading
Roundup: Green chemicals get started, gaming is ubiquitous, MySpace Music slowed again, and more
Genomatica creates renewable chemical from sugar water — While most chemicals are petroleum-based, several startups are trying to create new alternatives. One of the first to succeed is Genomatica, which says it has a cheap process to make 1,4-butanediol, a component chemical of many common materials, from sugar and water, potentially disrupting a $4 billion industry. More on Genomatica’s process here.
Gaming becoming ubiquitous — A national survey showed that almost all teens play games.
MySpace Music may get… Continue Reading
Roundup: MySpace to launch music service, Wall Street firms crumble and more
MySpace to launch free digital music service – MySpace Music sounds interesting, but it may not quite live up to Fortune’s declaration that it “promises to be the most significant roll-out of a digital music service since Apple’s iTunes.” Since you have to purchase songs from another service like iTunes if you want to download them, this doesn’t actually sound much more useful than existing service imeem. Meanwhile, the Los Angeles Times has some speculation about… Continue Reading