Obvious Ventures managing director Andrew Beebe tells Fast Company why now’s a great time to be backing climate tech, the trendy idea he’s glad the Trump administration is killing and why he’s still optimistic for the future of the planet. When Obvious Ventures launched 12 years ago with a focus on “world positive” companies, the idea was a contrarian bet: that startups tackling climate, health, and economic resilience could deliver big returns, not just feel-good impact. Founded by Twitter cofounder Ev Williams and others, the firm backed companies like Beyond Meat, the AI drug discovery company Recursion Pharmaceuticals, and Diamond Foundry, which makes sustainable lab-grown diamonds. By 2020, other VC firms had gotten into the climate investing space, and overall investment in climate tech surged. Now, as the Trump administration rolls out anti-climate policy and some investors retreat, Obvious is leaning in. Fresh off closing its fifth fund—at the precise figure of $360,360,360—the firm remains bullish. We talked to managing director Andrew Beebe about how Obvious has grown—and the current state of climate investing in the age of Trump.