Business
Roscheisen was among the first generation of entrepreneurs in the late 1990s pursuing opportunities in the commercial Internet; and starting in 2000 he was one of the first entrepreneurs in Silicon Valley to focus on green energy technology:
- In 1995, Roscheisen co-founded FindLaw, which became the most widely used Internet legal site, for the first time making U.S. case law including all Supreme Court decisions accessible to the public. FindLaw is now a business unit of Thomson's West Group.
- In 1997, Roscheisen, with Stanford professor Yoav Shoham, created TradingDynamics, an enterprise software company which was acquired by Ariba for $740 million in 2000.
- In 1998, Roscheisen became founder and CEO of eGroups, an email messaging company, which was financed by Sequoia Capital and ultimately acquired by Yahoo for $450 million. (Google founder Larry Page's brother Carl was also a co-founder of eGroups.)
- In 2000, Roscheisen teamed up with Mark Pincus (today CEO of Zynga) to form an incubator called Tank Hill Projects (named after a neighborhood hill in the vicinity of which both reside in San Francisco) to create a series of new companies. Funded with an initial $10 million, the entity rapidly expanded to a headcount of 50 but shut down by October of the same year to return capital at minimum loss.
- In 2002, Roscheisen co-founded and became Chairman and CEO of the first solar energy company in Silicon Valley focused on making solar power broadly affordable: Nanosolar. Nanosolar pioneered a fast process for simply printing solar cells on low-cost metal foil. Roscheisen raised more than $500 million in capital for Nanosolar (starting with Google founders, LinkedIn founder Reid Hoffman, Zynga founder Mark Pincus, Sunil Paul, VC Benchmark Capital, and a host of hedge funds and private equity firms such as the Carlyle Group), built a 100MW semi fab and a 640MW assembly plant, and secured $4.1 billion in customer supply contracts from EDF (the world's largest utility) and other energy utilities. Under Roscheisen, Nanosolar became a Silicon Valley flagship company in green technology, widely featured in the media including Fortune, Gigaom, the SJ Merc, Wired, VentureBeat, EDN, Motley Fool's, Business Week, USA Today, and receiving a number of outstanding awards such as the No. 1 technology innovation award in 2007 by Popular Science Magazine and TIME magazine's innovation of the year award (as No. 1, ahead of the iPhone as #2) as well as the World Economic Forum's Technology Pioneer award. After eight years as Chairman & CEO, Roscheisen left the company in 2010, with neither Roscheisen nor the company issuing any comment.
- In 2011, Roscheisen started a grid storage company in the Shanghai area with backing by the Chinese government.
Read more about this topic: Martin Roscheisen
Famous quotes containing the word business:
“The enemy are no match for us in a fair fight.... The young men ... of the upper class are kind-hearted, good-natured fellows, who are unfit as possible for the business they are in. They have courage but no endurance, enterprise, or energy. The lower class are cowardly, cunning, and lazy. The height of their ambition is to shoot a Yankee from some place of safety.”
—Rutherford Birchard Hayes (1822–1893)
“Our business being to colonize the country, there was only one way to do it—by spreading over it all the associations and connections of family life.”
—Henry Parkes (1815–1896)
“The current flows fast and furious. It issues in a spate of words from the loudspeakers and the politicians. Every day they tell us that we are a free people fighting to defend freedom. That is the current that has whirled the young airman up into the sky and keeps him circulating there among the clouds. Down here, with a roof to cover us and a gasmask handy, it is our business to puncture gasbags and discover the seeds of truth.”
—Virginia Woolf (1882–1941)