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>... said Tim Newell, SolarCity’s vice president for financial products. >“By expanding the pool of people who can participate in financing solar with us, we’r
by rory096 12y ago
>... said Tim Newell, SolarCity’s vice president for financial products.
>“By expanding the pool of people who can participate in financing solar with us, we’re diversifying our sources of capital,” said Mr. Newell, who was president and chief executive of Common Assets, an investment platform developer that SolarCity bought this year. “That also makes us more resilient in any economic environment and over time should help us be able to have the lowest cost of capital.”
Looks like it was a startup they bought/acquihired.
- zaroth 12y agoOh that's really interesting, Common Assets' chief architect John Witchel previously was CTO of Prosper.