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Also note Stripe probably has a deal in that they will get equity in the company. By signing on as the first deal they will signal to others to join in and ove
by boringg 5y ago
Also note Stripe probably has a deal in that they will get equity in the company. By signing on as the first deal they will signal to others to join in and over the next decade if it is successful they will make money on a good exit. Its similar to how Amazon was an early client to Plug Power - good lots of good stock and thus their investment was free at the end of the day.
Direct air capture is different in that it provides little value with a large capex. I hate how proven technologies are in the background but because a highly successful tech company decides to splash money in climate tech all of a sudden low quality technology is getting all the headlines.