https://s3-us-west-2.amazonaws.com/secure.notion-static.com/49ddd42f-9fc2-40be-87f1-e1f9bc526e8e/Greenbacks_for_greenery_-_Climate-conscious_venture_capitalists_are_back___Business___The_Economist.pdf

1. O mercado de Venture Capital focado em soluções "climáticas" cresceu em 2019, atingindo US$ 36B, uma evolução em comparação aos US$17b de 2015.
2. O primeiro boom foi no final dos anos 2000, no qual o investimento envolvia também produtos físicos e muitas empresas quebraram. "Green vc has a chequered past. In the late-2000s it experienced a boom and bust cycle in America and, to a lesser extent, Europe. vc funds took a nancing model designed for software rms and applied it to companies producing physical products, mostly solar panels and biofuels, that take plenty of time and money to generate revenues. Many companies went bust. Their vc backers lost more than half of the $25bn they had bet. Capital dried up"
3. O mercado está animado de novo. Metade dos investimentos está relacionado a transporte de baixa intensidade em carbono, "Teslas wannabes" mas há empresas como Impossible Foods
4. The falling cost and commoditisation of things like solar panels or batteries, the price of which has dropped by 82% and 87%, respectively, between 2010 and 2019, allows such rms to oer auxiliary goods and services. Software innovations make it possible to take this cheaper hardware and push it beyond its previous limits,
5. Ainda há um gap no late stage. Fundos de VC são relutantes a investir em projetos como uma fábrica. Há dois players que estão sendo importantes: Corporações e High Net Worth Individuals.