TED leader’s $300M ‘valley of death’ fund might be just what later-stage climate tech needs
Like many startups, climate tech companies often face a “valley of death” that lies between early stage funding and growth capital that helps proven technologies reach commercial scale. But because climate tech startups are often hardware focused — physical problems tend to require physical solutions, after all — this valley of death tends to be a lot wider. Financing a first-of-a-kind power plant or factory can cost tens or hundreds of millions of dollars. Now, a new fund hopes to bridge this