Tell me if the last word in this pic slaps as hard as it did for mepic.twitter.com/T4OxUOl8hY
Partner at @initialized. Previously @techcrunch. When life hands me lemons, I make tarte au citron.
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Tell me if the last word in this pic slaps as hard as it did for mepic.twitter.com/T4OxUOl8hY
They set out to change the world and build something for the public good. They ended up building an invite-only app. This is... the story of Silicon Valley
I remember meeting with a bunch of VC types and I said why are you all focused on frictionless convenience when we need all of your money and brainpower on the climate crisis. They answered that clean energy lacked an “exit strategy” and a “liquidity event.”
It's akin to your invoking of the Defense Production Act argument. Venture funds are 10 years long, but in reality, companies have to have definitive growth milestones every 12-24 months in order to raise capital from other firms and that is too fast for many climate R&D projects
There are definitely things that the classic venture model can fund that do have a large impact on emissions such as reducing food wastage, micromobility, plant-based foods but there are other things requiring orders of magnitude more capital upfront
like, say, IDK wave/tidal energy that maybe the financing model isn't as well suited for.
Or some control over the rules or the guidelines or the goalposts. If only the economy were a man-made thing that could be adjusted or changed....
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