Holographic storage company InPhase Technologies has paid off all its employees but is still looking for a venture capital white knight. The dream still flickers, it's just temporarily out of phase. According to a report in the Longmont Times-Call, the last 60 employees have been paid off after working for a year on minimum …
Not a job for VCs
What they need is someone who's sitting on so much cash they don't know what to do with it and can't come up with anything better than passing out small fractions of it to various charities in even smaller amounts for fear of making the charities implode (which they are apt to do when given too much money). Such a person would mind far less the prospect of losing a 100 million on a good cause, and maybe they haven't forgotten their tinkering-with-technology roots.
Note about write speed
David WAldman, the chief technology officer of STX Aprilis, writes:
"You stated in your recent article in Inphase [http://www.theregister.co.uk/2010/02/05/inphase_dead/] that "The write speed was slow, just 20MB/sec...." In fact Inphase never presented data to substantiate or otherwise establish even a recording data rate more than 1/10th of the number you stated for their stop-and-go drive design. The Stop-and-Go implementation was required due to their Tapestry material having low recording sensitivity. By comparison, the STX Aprilis DHD holographic recording material has demonstrated recording rates of 1 GBit/sec in continuous rotating disk media with real time recording during disk rotation."
Thanks for that.