I had a fantastic time hosting our VC panel at SF Climate Week with renowned partners from Lowercarbon Capital, Congruent Ventures, and Third Sphere. Our venue was packed as attendees also joined us for additional panels on energy, forestry, and agriculture tech.
Here are some highlights:
💼 Climate-tech investments: VCs are zeroing in on Climate 2.0 investments that promise strategic returns as much as positive impact.
“From a capitalist perspective, the 5 to 10 year period is going to be absolutely gangbusters for climate. We have to decarbonize the entire economy, the companies that make it in the next couple of years are going to have phenomenal outcomes.”
-Abe Yokell, Co-Founder and Managing Partner, Congruent Ventures
🔬 Technological breakthroughs: We're witnessing rapid advancements in electrification, AI, gene editing, and autonomous technologies.
“Last year the number of disasters that are deemed billion-dollar disasters was the highest ever in a single year, at 28. ClimateAI helps companies anticipate and mitigate those risks and how we do that is we offer seasonal forecasts from zero to six months as well as decennial climate projections 10, 20, 30, 40 years out so that companies can make decisions in the short and long term.”
- Lena Backe, Product & Innovation, ClimateAI
🔗 Partnerships & policies: Each panel underscored the importance of public-private collaborations and the impact of the IRA and policy-driven incentives.
“There are parts of the IRA that are making so much progress in terms of job creation, including some of the investments that are happening in manufacturing right now in places like the southeast, the Battery Belt. If you look at all the new factories opening up in states like Georgia and South Carolina and Arizona, it would be hard for legislators to pull all that progress back at this point.”
-Ian Magruder, Head of Partnerships, Rewiring America
👥 Owning your narrative: Startups need to reshape environmental narratives, develop a strong point of view, and translate innovation into tangible value and impact to help shape customer behavior.
“The climate choice - or the clean choice - just needs to be the affordable and accessible choice, and that's why we are investing in companies that are developing products and services that are cheaper better, faster, tastier, and have more resilient supply chains than the incumbents”
-Clea Kolster, PhD, Partner and Head of Science, Lowercarbon Capital
🌿 Talent: There's a huge opportunity for professionals with diverse skills to join climate tech startups, combining exciting professional growth with purpose. The industry is highly collaborative -and filled with cool people!
"Climate is eating everything, climate is going to take over the entire economy."
-Abe Yokell, Co-Founder and Managing Partner, Congruent Ventures.
Thanks Mark Grozen-Smith Megha Malpani David Zhao!
#sfclimateweek #xooglers #startups
How cool! Impressed as always and proud to partner with you!