Who wins in the Silver Spring IPO?: Foundation Capital

Silver Spring Networks filed for a potentially $150 million IPO this week, but the group that stands to gain in the short term is Silver Spring’s stead fast venture backer Foundation Capital. Foundation Capital owned 41.5 percent of shares before the offering.

Big Money for Smart Grid Hand Holding

Adding digital intelligence to the power grid is a complex and unfamiliar task for utilities, and they’re going to need a lot of hand holding. That’s going to drive the “smart grid managed services” market to more than $4.3 billion in global revenue by 2015.