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Garbage in, energy out, details scarceGraham-45X64.jpg
Posted by Ian Graham

There was much hoopla ha tonight on CTV news (formerly CJOH) about Plasco Energy getting $54M in funding. Don't know all the details but must admit that it sounds pretty good. However, let's not start celebrating too early. First of all a large financing round this early means that investors are buying into the idea not a proven business model and details about ownership of the corporation and technology would be helpful in analyzing the deal. What would impress me is if Plasco had sold, installed and commissioned several units and was cash flow positive, that would be really impressive. World Heart sounded like a good idea and raised significant funds, the Life Sciences council seemed like a great idea at the time and there are other area start-ups like Innovance that raised significant early stage capital. Market place success will be the true validation of Plasco's technology. I believe that there is a certain amount of irrational exuberance in the cleantech sector. Click here to read more of Ian's blog.

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