Weather was partly cloudy for solar power startups last week. Investors in Santa Clara, Calif.-based photovoltaic panel maker MiaSolé saw no sun, as the acquisition price yielded pennies for the millions of dollars capitalists ventured last year, according to The Wall Street Journal on Friday.
On the bright side, Berkshire Hathaway subsidiary MidAmerican Energy Holdings agreed last week to pay as much as $2.5 billion toward solar energy projects in California. This is the third significant solar power investment in a little more than a year for the Oracle of Omaha, Warren Buffet, The Telegraph noted on Wednesday.
But all startups, from a solar-powered panel maker to a girl-powered ballet school, rely on more than venture capital and decades of profoundly sage experience from an iconic investor. Small business owners in developing markets and SAP employees are learning this firsthand through SAP social sabbaticals.
People from around the company and across the globe take time away from their SAP jobs to work abroad on not-for-profit projects in emerging market economies, helping startups while gaining new experiences and insights. The first group went to Belo Horizonte, Brazil last summer.