In this issue:
Without exits, the venture ecosystem doesn’t work. That’s why it’s important to achieve outcomes sooner than later or ‘ClimateTech’ as a class will be doomed.
Under Trump, there are a few possible outcomes. 1) A Frankenstein IRA that is focused on ‘Energy Abundance’. 2) The M&A tap will be turned back on. 3) Lots of mergers and 1+1=3 situations.
Engaging with CVCs early, focusing on revenue, and conserving cash are the most important things ClimateTech founders can do to ensure survival.
Listen Time: Full Show 38:51 (no ads) | Free Preview 31:19
Today, we are speaking with Shaun Abrahamson from Third Sphere.
Third Sphere is a leading ClimateTech investor that also has a debt strategy for high-volume production startups in the hardware space. They have backed companies like ChargeLab, ClimateBase, Gradient, OneWheel, Therma, Revivn, & Wasted (check out the episode we did with Revivn).
This is Shaun’s third time on the pod — if this is your first time hearing him, you’ll understand why because he is very thoughtful.
Check out the last episodes we did with him:
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Reach out to Goodwin Law today; the law firm of choice for hundreds of ClimateTech Entrepreneurs worldwide. They have you covered from funding docs to offtake contracts to IPO and M&A support. GoodwinLaw.com (and tell them CleanTechies sent you!)
📺 Watch on YouTube | 🍎 Apple Podcasts | 🎧 Spotify | 🗣️ Join the Slack Channel
During NY Climate Week, the Third Sphere team put on a great event titled “Climate Tech Exits.” It was really well beloved by many NY CW attendees.
They covered:
Why exits are so crucial to the success of Climate investing
The state of climate tech exits
How it looks compared to tech broadly
What to learn from the original tech winners like Google & Apple
What the paths forward might be
The patterns of successful founders
In today’s episode, we recap the key points of their event and then dig into Shaun’s advice to founders on how to ensure they are doing things right, in order to see an exit.
We are sure you’ll find it educational.
Don’t miss a moment! If you want to get the full discussion, become a paid subscriber today or redeem your trial upgrade to test it out.
📝 Show Notes:
Topics
00:00 The Importance of Climate Tech Exits
02:48 Current State of Climate Tech Investments
06:06 Challenges in the IPO Market
08:50 Corporate Venture Capital's Role
12:08 Future Opportunities in Climate Tech
14:56 The Shift from Mitigation to Adaptation
18:11 Building Sustainable Business Models
21:01 Navigating M&A Opportunities
23:55 Final Thoughts and Takeaways
Links
Connect with Somil on LinkedIn | Connect with Silas on LinkedIn
This podcast is NOT investment advice. Do your homework and due diligence before investing in anything discussed on this podcast.
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