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Podcast: Energy Gang
Episode: Sungevity's Bankruptcy: What It Says About Residential Solar
Description: Sungevity was founded in 2007 with a promise of revolutionize solar sales through software. It sparked a move toward the "platform" approach to customer acquisition and sales.
Sungevity eventually built up its sales, procurement and financing in-house -- peaking as the number-three residential solar company in 2014. Over the years, the company's cash-burn rate increased and Sungevity started outsourcing more of its operations. This month, after failing to close bridge financing, the company declared bankruptcy and sold off its financing platform.
Would Sungevity have survived if it had stuck simply to lead generation?
On this week's podcast, we'll look at Sungevity's struggles...