Nov
13
Fred Wilson’s really great idea: “One PE firm should buy Volt. Another should buy Buick. A third should buy Jeep. A fourth should buy Lincoln. And if a brand can’t find a buyer at any price with a boatload of taxpayer money behind it, then it should fail.”
November 13, 2008 | Comments Off
Fred Wilson led off yesterday with a terrific post on how to deal with the American auto industry–break it up into pieces, and see which parts are viable. Fix Volt, not “the industry.”
Fred’s prescription is exactly what the economics of innovation would tell us: In a collapsing business ecosystem, the whole is not worth more [...]