1. VC originally was intended to fund high capex, low probability, massive outcome companies. Despite all the froth that accompanies climate tech, it's good to see a return to this goal after the (sad) chase for "SAAS that changes the world".
2. Would love to see some fund performance data. DPI and TVPI may be illuminating. I suspect it's not as bad as made out to be, relative to other sectors ex-software.
3. Is it fair to say that the lack of growth capital causes these companies to fail or the inverse: The companies are not good and so growth capital is not attracted? i.e. it is an early-stage investor *selection* problem.
Looking forward to the next post :)
Thanks for this - awaiting the next two posts with baited breath!
Great insights overall.
Good outline. Few thoughts:
1. VC originally was intended to fund high capex, low probability, massive outcome companies. Despite all the froth that accompanies climate tech, it's good to see a return to this goal after the (sad) chase for "SAAS that changes the world".
2. Would love to see some fund performance data. DPI and TVPI may be illuminating. I suspect it's not as bad as made out to be, relative to other sectors ex-software.
3. Is it fair to say that the lack of growth capital causes these companies to fail or the inverse: The companies are not good and so growth capital is not attracted? i.e. it is an early-stage investor *selection* problem.
Look forward to reading the next posts.
Cool post. Looking forward to the next two.