Oil Wildcatter Comes Clean on Green Technology Investments

Jay Potter has been in the financial services business for more than 20 years, mostly as the president and principal of Nexcore Capital, a San Diego securities dealer and investment banking firm. For much of that time, though, Potter was a wildcatter. He’d raise capital from investors on behalf of companies like Sterling Energy Resources to drill oil wells all over California, New Mexico, Texas. “At the end of the day, it’s just gamblin’, ” Potter says. “Just plain ol’ unadulterated, ‘Mama-needs-a-new-pair-of-shoes’ gamblin’.”

Translation: It’s a very tough business.

Read the full article by Bruce Bigelow at xconomy.com