It was good to hear from Martin Davies that his latest start-up, Veridian Solar, is doing well. Viridian Solar was named the Building Entrepreneur of the Year at the biggest construction industry award event – Building 2008. Veridian has designed solar panels which are easy to install as part of a new build in a house.
It is good to see successful entrepreneurs going for a second deal. Although not as hungry as the first time they are not as raw. Will they be raising VCs funds this time or, as with last time, grow from cash generated? I guess it all depends as their first business was high margin technology whereas this second time round, it will be a lower margin business. Let us hope that the building industry pays promptly and allows them to fund growth internally. Will the major builders be willing to rely on a young company for such an important component of a house as part of the roof?