@pmarca @DanielleFong Still fundamental hurdles to VCs beyond historical losses: long sales cycles, time to market, capital expense.
@yoavlurie @pmarca that's just nothing like it thus far in cleantech. Tesla, GE, Boeing, Exxon aren't buying; lab prototypes aren't scaled
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@DanielleFong@pmarca how big a role is the fund cycle? <10 years to get to exit. For many of the companies doing biggest work, too short -
@yoavlurie@pmarca since there are few acquirers, much longer to put something on the scoreboard = not easy to launch / scale firm - 7 more replies
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@DanielleFong@pmarca and even if the large industrials were buying, they'd never pay the price needed and then would crush the acquired coThanks. Twitter will use this to make your timeline better. UndoUndo
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