http://algae-thermodynamics.blogspot.com/2008/02/greenfuel-sunflower-and-thermodynamics.html

There are two possible explanations for this. Either the partners that were already misled – De Beers, Energetix, EBT – are the only ones who believe that the laws of thermodynamics are no longer valid, or that their misfortune has alerted others to be more careful when dealing with GreenFuel…

As for the personal attacks, it is doubtful people are interested in this stuff; as I have always maintained, neither my modest personality, nor Dr. Metcalfe’s massive credentials can change the laws of nature.
Briefly:
I have not “failed” to disclose that I have had previous dealings with Jennifer Fonstad, however, it is true that I could have been more specific and detailed. It is puzzling that Dr. Metcalfe would be bringing up this point, though… When all the details and facts are laid out about NanoString – a company of which I am the Founder and the sole inventor of its technology – it will become even more evident that Mrs Fonstad is a scientific illiterate who makes investment and management decisions by disregarding scientific reality. How is this going to help Greenfuel, if people see that it was not a single isolated mistake, but rather a well-established pattern? Nevertheless, a lot more disclosure will be coming on my blog to satisfy Mr. Metcalfe and the others who have requested it…

The point that I “hate venture capitalists in general” is completely ridiculous. What a silly concept! Hating a group of people for the actions of a few is a vicious fallacy, which I strongly detest. Venture Capital plays a very important role in the economy… Metcalfe’s notion is equivalent to saying that I hate catholic priests in general, only because I hate the ones who molest children…

Dr. Metcalfe is neglecting to say here that before my article became “too-easy-to-find-on-the-web” (putting aside the massive irony in having Bob Metcalfe of all people complain about the ease-of-access to information that the Internet offers) I sent a copy of it to Mrs Fonstad and later on to Dr. Metcalfe himself, with a brief e-mail that reads: “Dear Dr. Metcalfe,
I have been for years an avid reader and a big fan of your visions. It
is my view that you may have been misled with respect to the
potential of GreenFuel Technologies”
How is that “hate”?

Currently I have another report ready on a company that also promises to violate the laws of physics, and I have given their investors, too, plenty of time to consider it. Now, if these people are not willing to correct their actions in a discrete environment, but rather continue to mislead the public, there is not much I can do but make my analysis as widely available as possible. Anyone interested would have to just dust-off their high school physics texts, take out their calculators and see who is right and who is wrong. All the personal stuff may be titillating, however, not that interesting at the end…

It is not surprising that our only Xconomy reader comment so far comes from Krassen Dimitrov, who has made a career of vigilantly enforcing the laws of thermodynamics, of which he frequently calls GreenFuel a wanton violator.

Dmitrov does this with his old, too-easy-to-find-on-the-web paper that inaccurately mocks algae farming techniques that GreenFuel has over the years progressed far beyond in three subsequent generations. Alas, Dimitrov is clearly not rooting for us and seems deliberately to misunderstand everything said about what GreenFuel is doing.

If left wondering why, why Dmitrov would now “be fascinated to learn the identity of our partners,” maybe it’s because … he fails to disclose he is a disgruntled former employee of another start-up backed by GreenFuel’s chairman, he has it in for her, he hates venture capitalists in general, and he complains about a lot of other things that have nothing to do with the laws of thermodynamics applied to algae farming. GreenFuel is in some very good company on Dimitrov’s enemies list.

Anyway, contrary to Dimitrov’s comments, I never said and Buderi never wrote that GreenFuel has already reached commercial scale in algae farming. We have not. When we do, Buderi and Dimitrov will be invited to the ribbon cutting.

/Bob Metcalfe, Interim CEO, GreenFuel, and General Partner, Polaris Venture Partners