This is great. And for additional color on the valley of death or the gap to scale — download the Sightline FOAK Guide: https://lnkd.in/eV9Wh7s5
“You can’t solve climate with SaaS.” 🌎 Going from science project to profitable business model is hard for most deep tech startups. It’s the valley of death. But some—like the ones that need hundreds of millions in capex to prove their tech at scale—have it harder. Here’s to the climate tech startups that are literally saving the world for us when there are much easier ways to make money. And shout out to the investors large and small who have the patience and vision to back them. Founders, you can do it! You’ll need more focus than most, and your capital stack will be different. But we’re running out of time to get this right, and we need you to succeed. Lisbeth Kaufman Stephen Blalock Shaima Sharif Jason C. Alex Anderson Khaled Al Huraimel Fares Almazrooei Laura Bowen #climatetech #deeptech
Mike Eros
7mo
🚀 “been spendin’ most our lives livin’ in a startup paradise… 🎶 “ Yes, the valley of death is real. This is a good summary.
Director of Decarbonization at Opinion Dynamics
7moI'd contend that an additional complicating factor for hard tech (or any) start-ups with regulated utility clients is the ability to withstand a cash flow delay as pilot and program designs work their way through the regulatory approval process. This was a big topic of conversation at the recent SEPA #EnergyEvolutionSummit