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Why are VCs ignoring climate change tech start-ups?
- Friday | 10th May, 2019
However, given the governmental track record in enacting serious climate change policies (to include leaders that claim climate change is not real, not manmade or a hoax invented by China), I wouldn’t hold my breath. ITEM: A growing number of tech start-ups are focusing on the problem of climate change – specifically, by developing technologies that can remove carbon from the atmosphere. Just one problem: most Silicon Valley venture capitalists aren’t interested in funding them because, to be blunt, there’s no clear business model for it. While no one could fault Silicon Valley VCs for being cautious where they put their money, how many blockchain start-ups or social media apps do we really need? To be fair, Rogers adds that it will take more than Silicon Valley VCs to kickstart carbon-removal start-ups – it will take a wide variety of investors who are willing to wait more than a couple of years to cash out.
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