2010.06.22: Benin RPCV Sam Goldman has raised $5.5 million in a round of venture capital for his company D.light
Peace Corps Online:
Directory:
Benin:
Peace Corps Benin :
Peace Corps Benin: Newest Stories:
2010.06.22: Benin RPCV Sam Goldman has raised $5.5 million in a round of venture capital for his company D.light
Benin RPCV Sam Goldman has raised $5.5 million in a round of venture capital for his company D.light
D.Light was founded by Sam Goldman, a Stanford MBA grad and former Peace Corps volunteer. The company reportedly has sold 1 million of its solar lanterns in the past three years to villagers in India, east Africa and Latin America.
Benin RPCV Sam Goldman has raised $5.5 million in a round of venture capital for his company D.light
Solar Lantern Maker D.light Raises $5.5 Million in Venture Capital
Posted in Solar Power on June 22nd, 2010 by News Desk –
Palo Alto, Calif. – D.light, the developer of solar-powered lanterns intended to replace kerosene lamps used in much of the impoverished world, has raised $5.5 million in a round of venture capital, according to a new filing by the company with the Securities and Exchange Commission.
D.Light was founded by Sam Goldman, a Stanford MBA grad and former Peace Corps volunteer. The company reportedly has sold 1 million of its solar lanterns in the past three years to villagers in India, east Africa and Latin America.
Currently, about 1.6 billion people worldwide are off the electricity grid, representing the company's target market universe. The company's initial product sold for around $30, but it recently introduced a lower-priced model in the $10 to $15 range.
Raj Kundra, director of the energy portfolio at the Acumen Fund, has invested $1 million in D.light. Other investors in the company include Draper Fisher Jurvetson and Garage Technology Ventures, as well as two social investor groups.
Links to Related Topics (Tags):
Headlines: June, 2010; Peace Corps Benin; Directory of Benin RPCVs; Messages and Announcements for Benin RPCVs; Business; Engineering
When this story was posted in November 2010, this was on the front page of PCOL:
Peace Corps Online The Independent News Forum serving Returned Peace Corps Volunteers
| Support Independent Funding for the Third Goal The Peace Corps has always neglected the third goal, allocating less than 1% of their resources to "bringing the world back home." Senator Dodd addressed this issue in the "Peace Corps for the 21st Century" bill passed by the US Senate and Peace Corps Director Ron Tschetter proposed a "Peace Corps Foundation" at no cost to the US government. Both are good approaches but the recent "Comprehensive Assessment Report" didn't address the issue of independent funding for the third goal at all. |
| Memo to Incoming Director Williams PCOL has asked five prominent RPCVs and Staff to write a memo on the most important issues facing the Peace Corps today. Issues raised include the independence of the Peace Corps, political appointments at the agency, revitalizing the five-year rule, lowering the ET rate, empowering volunteers, removing financial barriers to service, increasing the agency's budget, reducing costs, and making the Peace Corps bureaucracy more efficient and responsive. Latest: Greetings from Director Williams |
Read the stories and leave your comments.
Some postings on Peace Corps Online are provided to the individual members of this group without permission of the copyright owner for the non-profit purposes of criticism, comment, education, scholarship, and research under the "Fair Use" provisions of U.S. Government copyright laws and they may not be distributed further without permission of the copyright owner. Peace Corps Online does not vouch for the accuracy of the content of the postings, which is the sole responsibility of the copyright holder.
Story Source: Smart Energy News
This story has been posted in the following forums: : Headlines; COS - Benin; Business; Engineering
PCOL45771
55