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Adam Farrell Discusses Competitive Landscape In Solar-Powered Product Industry

Speakers for this podcast

  • Founder , Silicon Solar
  • male
  • Caucasian
  • 1984 (Age: 40 years old)

Biography

Adam Farrell founded Silicon Solar when he was 15. It had a single product, a raw solar cell for use in educational kits, and was based in his bedroom. Today there are about 260 products, a busy Web site, sales are growing at about 10 percent annually, and the company is putting a large addition on a building it moved into last year.

Farrell owns 60 percent of the corporation. His older brother, Matt Farrell, a 24-year-old Cornell graduate, serves as vice president and owns the rest.

Adam Farrell expects to graduate in December 2006 with a degree in Applied Economics and Management from Cornell University.

Well the competition from when I started was nil to ... it's very competitive now but we've positioned ourselves in a way that has allowed us to make our competition our customer. So ... because in our business there's not many people that are manufacturing the products. There's more companies se...(Full transcript available to logged in subscribers.).

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