The Gist

Without some meaningful financial exits soon, I’m worried we’re heading for a climate tech winter. The planet can’t afford that.

I wrote a three-part series for Latitude Media with my friend Michael Sachse on the current climate tech landscape and what investors and startup founders should do about it. Part one is about the impending climate tech liquidity crisis, and part two is about what the industry can learn from biotech.

The final installment, out today, is our advice for climate tech founders. We’ve distilled it for this month’s Gist below. But we encourage you to read the full series here.

In this month’s Gist, my colleague Max Tuttman draws on his Ad Hoc and ARPA-E experience to explain how climate tech startups can avoid falling into some common traps, which he calls the “Pits of Despair.”