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Failure Writ Small

Posted on February 4 2010 4:30 pm
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by Andrew Cline

Before his speech in New Hampshire on Tuesday, President Obama visited a small technology company in Nashua called ARC Energy. During his talk, he promoted ARC Energy as an example of the kind of innovation he wants taxpayers to subsidize with what he called “seed money” in the form of federal “green jobs” funding. We need to do it, he said, so we can get ahead of the Chinese.

Probably few in the audience knew what the people who founded ARC Energy only two years ago know: ARC received no federal startup money. Dr. Kedar Gupta and his wife founded the company with their own money, the same way Dr. Gupta co-founded GT Solar, the world’s largest maker of photovoltaic cells, in the 1990s.

Read more at FrontPage Magazine.

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