We need to rethink climate investing
For climate tech to scale, the collaboration between climate tech founders and capital providers will need to change. It will need to be a durable — and dare we say, sustainable? — relationship, and one designed for deep partnership.
To get a sense of what this might look like, it is worth looking backward: to the very first days of Silicon Valley venture capital and the case of Intel. The company was founded by Robert Noyce and Gordon Moore with an innovative capital model proposed by Arthur Rock. Intel was given a $2.5 million pre-money valuation in 1968 — the equivalent of $21 million today — and Rock invested $2.5 million.