How the rich invest in biofuels - Gates' and Khosla's latest moves
That sort of negativity isn't stopping Bill Gates from investing (through his Cascades Investments LLC) in Sapphire Energy. While the WSJ admits that, "There is still significant skepticism that Sapphire, or any of its competitors, can overcome fundamental problems of mass-producing a competitive fuel from algae," the time is right for someone to figure this stuff out. Cascades Investments is one of four initial backers that have invested $25 million each in Sapphire.
[Source: Marketwatch / WSJ]
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