Thursday, June 01, 2006


via Clean Break, a Sillicon Valley company (appealingly named Tesla Motors) has just announced that its secured US$40 million in new investment. Among the investors are Google inventors Sergei Brin and Larry Page. Tesla Motors' objective? A high-performance electric car.

You may remember EEStor, the ultracapacitor company, secured early invesment from Kleiner Perkins, the same people who funded Google early in its life. EEStor's ESU would of course make an excellent storage system for a high-performance electric car.

Here's what I'm thinking. A friend at Kleiner Perkins gave Brin, Page, and others a call, and said something to the effect of "hey, there's this new startup we're backing that's got exactly what you're looking for. Start moving now, because this thing is for real and you want in on the ground floor." This phone call may very well have been illegal if it actually occurred. Nevertheless, I'm always astonished at how many important historical events have hinged on someone who knew somebody who was a friend of someone else's.

Forget politics - everything is personal.


Anonymous said...

What would make this illegal? From what you say, this isn't a public company; so as far as I know they can solicit whatever investors they would like with whatever information they have, barring fraud.

Westacular said...

I was about to post exactly what anonymous just said. The only improper thing that might've happened in such a phone call would be a breach of some sort of NDA, which would be a civil matter.

john said...

Kleiner and Tesla are both public companies, and I thought EEstor was too. I think I was misinformed. But I'm going to do a bit more digging before I post a correction.

Anonymous said...

The normal definition of a public company is one whose shares trade in the open market. I do not think that is true of any of these companies.

If I am wrong, I would like to know where they trade, as I might like to buy some.