Word: silicones
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...bank has the deep pockets to fund expansion. Its initial $24.75 million stock offering was vastly oversubscribed. No wonder: funding green startups has become as popular in Silicon Valley as luxury SUVs, so New Resource has inside investors like Bob Hambrecht, managing director of WR Hambrecht & Co.; Daniel Yohannes, U.S. Bank's former vice chairman; and the founders of Sybase and Lotus Development...
...their rivals is establishing a market. Although 228 million computers were sold worldwide in 2006, and a billion mobile phones, demand for ultra-mobile computers may not even reach 150,000 in 2007, according to Tim Bajarin, president of Creative Strategies, a technology consulting firm in California's Silicon Valley. Bajarin expects that mini-PC sales won't near the million-a-year mark until 2009 and may fall far short if prices don't drop fast. "To get into the millions of units, they'll have to sell for no more than $599," Bajarin says...
...viable business strategy in a world transformed by climate change. The smart money is betting on the need for real innovation--clean technology that lowers costs or improves output. Venture capital is increasingly flowing to green start-ups: $474 million in the first three quarters of 2006 in Silicon Valley alone. That's sparking the interest of everyday investors, who see green technology as--dare they wish it?--the next Internet. Says Ray Lane, a partner at the KPCB venture-capital firm: "If you consider the sheer scale of the problem, I think this is an order of magnitude bigger...
...wooden mannequin (today posing as Frankenstein), Pressler says he will stick around for a while, and then perhaps find another hot ticket. "'A while' used to mean 10 years," he says, reflecting on his answer. "It's two to four years in these parts. The pace is accelerated in Silicon Valley...
...Mexico sees itself as a Silicon Valley of space, a place where an industry cluster could develop, absorbing investment and throwing off jobs as it does. When state economic-development secretary Rick Homans, chairman of the New Mexico Spaceport Authority, saw the list of global companies participating in the X Prize in 2004, he says it suddenly dawned on him that the new space industry might look just like the early computer industry--a bunch of crazy guys. "They start with chaotic, crazy inventors and entrepreneurs--colorful characters, some of whom are living hand to mouth, on the verge...