Question. Who should we meet about climate hardware exits or more specifically M&A . We have IPOs and private secondaries pretty well covered, but happy to learn more. We’re now approaching 10x in climate investments since 2021 compared to cleantech 1.0. We’ve unfortunately repeated some of the mistakes and there are some signs that large bets will fail. But there are also some fast growing, even profitable climatetech startups. The problem is we don’t have many exits to confirm that this time is different. The last required step is to turn paper gains into cash. Unfortunately, as we learned about fundraising, the software playbook isn’t reusable because so many of the companies include hardware. So who has figured this out? Could be founders, investment bankers or folks who’ve led corp dev. Main specific qualification is they’ve worked on deals involving hardware or climate, or both. Please add to the comment s (if you prefer email or DM, that works too).
Hi Shaun Abrahamson , let’s talk! Wesley Newburg and I are trying to figure it out.
When you say climate hardware, what exactly does that mean for you? 😊
There are deal structures that exist in traditional energy financing that may be relevant, as well as deep diving into strategics and how VCs can just start supporting acquisitions with major incumbents. Will the returns pencil out? Unclear of that.
I don’t have answers first hand but I do have some ppl that you should talk to
Happy to chat, please DM me…
Hi Shaun! Happy to chat; please feel free to DM me.
Shaun Abrahamson - Would love to understand this better.
Hi Shaun - I have ideas/leads. Happy to chat.
Managing Partner at Third Sphere
3moYour reminder that so many people are awesome and generous and want to help. Dont forget to ask.