Roundup: Omaha’s Oracle bets on electric cars, web radio gets a win, a cloud computing critic, and more
In case you’re tired of reading about the markets imploding, here’s some unrelated news:
Warren Buffet invests in Chinese battery maker — He’s called the Oracle of Omaha for his ability to spot long-term trends. Take note, then, that Warren Buffet has bought almost 10 percent of… Continue Reading
Amyris raising $70M for fuel to replace petroleum
Amyris, an Emeryville, Calif. company using synthetic biology to create a fuel to replace petroleum, said it has raised the first portion of a planned $70 million second round of funding.
Duff Ackerman & Goodrich Ventures (DAG Ventures) led the financing, and was joined by earlier… Continue Reading
Conversation with McNamee: Three fit the bill — RIM, Palm and Apple
VentureBeat talked last night with Roger McNamee (pictured left), asking him why his firm, Elevation Partners, would want to buy into Palm, a company that many people see having a tough time ahead, given intense competition.
Some doubt its chances of survival as a standalone company.
[See... Continue Reading
Seven Seas Water to buy up water purification companies in Caribbean
Seven Seas Water, a water desalination and purification company in St. Thomas, Virgin Islands, has recieved $20 million to buy up similar companies in the sector.
According to VentureWire (sub required), the company is backed by buyout firm TPG, venture firm DFJ Element Venture Partners, and… Continue Reading