3 ms·

VCs put lot of money on solving climate change. I feel climate change is one of the most overinvested field, where companies like Helion are valued $3B not only

VCs put lot of money on solving climate change. I feel climate change is one of the most overinvested field, where companies like Helion are valued $3B not only without any working prototype, but also with an idea which many experts say is not feasible at all, and even in the case they could make the prototype work, it is highly unlikely it could compete with solar in terms of cost per unit energy. But yeah we shouldn't put onus on VC to make society better. Government should invest more in research which benefits society.

data_maan 2y ago
Overinvested? How is it overinvested if no one (government, companies, you name it) come even close to "solving" climate change?? There's a very clear benchmark (CO2 increase) and we're failing spectacularly year-on-year!
- s1artibartfast 2y ago
  >How is it overinvested if no one (government, companies, you name it) come even close to "solving" climate change?? The two arent related in any way. Overinvested means that most current investors will lose money. It says nothing about the progress toward climate change
benrutter 2y ago
I'm definitely not making any claims sbout VCs not investing enough in climate change. I guess the point I was trying to make was that progress on some issues for society needs more than chasing revenue. I probably shouldn't have used climate change since it's often a controversial issue, but to keep down that path- Public transport would really help climate change but VC likely to invest in that heavily because return wise it isn't comparable to things like selling electric cars. Again, I'm not saying that as a criticism of VC specifically, but more making the point that the way our society rewards talent or ideas isn't an exact match with what benefits society the most.

3 ms·

VCs put lot of money on solving climate change. I feel climate change is one of the most overinvested field, where companies like Helion are valued $3B not only

by YetAnotherNick 2y ago

data_maan 2y ago
Overinvested? How is it overinvested if no one (government, companies, you name it) come even close to "solving" climate change?? There's a very clear benchmark (CO2 increase) and we're failing spectacularly year-on-year!
- s1artibartfast 2y ago
  >How is it overinvested if no one (government, companies, you name it) come even close to "solving" climate change?? The two arent related in any way. Overinvested means that most current investors will lose money. It says nothing about the progress toward climate change
benrutter 2y ago
I'm definitely not making any claims sbout VCs not investing enough in climate change. I guess the point I was trying to make was that progress on some issues for society needs more than chasing revenue. I probably shouldn't have used climate change since it's often a controversial issue, but to keep down that path- Public transport would really help climate change but VC likely to invest in that heavily because return wise it isn't comparable to things like selling electric cars. Again, I'm not saying that as a criticism of VC specifically, but more making the point that the way our society rewards talent or ideas isn't an exact match with what benefits society the most.