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This is what I’ve heard. One part hubris & not respecting deep institutional knowledge/sector expertise. One part equity capital being used for too much. One part going big too early vs testing/iterating & derisking first. I wasn’t there, but that’s what I can piece together.https://twitter.com/DCPRELL/status/1337824403976040450 …
this is the take right-- cleantech busted because a bunch of PE dudes slammed money behind first gen, straight out of the lab tech before trying to bend the cost curve at all. and you could also make a lot of money by owning chunks of a system you knew would bust
