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A123 post in the Boston Globe

The post I wrote last week on the A123 S-1 was picked up by Scott Kirsner in the Boston Globe.  Although I was skeptical about the company's prospects due to their financial performance, a lot of people took my criticism as being stronger than it was.

I guess some VCs can't take any negative criticism of their companies.  Anyone on the Board of A123 has to ask themselves the same questions I did -- is the company ready to go public in today's market?  The company has obvious exciting potential, but the market can be tough on companies that primarily have potential and not results.  We'll see how things work out, but you would think that some VCs would have thicker skins.

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