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Startups That Failed In 2011
By siliconindia
Solyndra
Solyndra was a solar panel maker. The company declared bankruptcy in September this year. The company used to manufacture round tubes with a rolled solar cell that were spaced out to capture more sunlight. Unfortunately, the company’s technology made sense only when the price of the materials were high. The situation became more worst when China’s state-run banks headed out billions of dollars in loans to home-grown solar companies.
