The chapter explores the concept of maximizing economic value by leveraging material productivity innovations, contrasting old extractive economies with new sustainable approaches. It discusses the environmental impact of devices in terms of greenhouse gas emissions and emphasizes the importance of disruptive deep tech solutions that benefit both unit economics and environmental economics.
On this episode, Nate is joined by inventor and investor Tom Chi to take a broad look at the principles guiding innovation and capital - and how we might shift these to be more biophysically aligned in the future. For the past few centuries, our global industrial system has been dominated by growth-based economics without awareness of its dependence on the biosphere - or the waste that it leaves behind. What would it mean for our technology to be ecologically centered, working in service of and in synergy with complex, biodiverse life on Earth? How can we work within our current financial and governance systems to create initiatives that benefit both ecosystems and economies? More broadly, what cultural shifts could we imagine that move beyond seeing ourselves as simply dependent on ecological systems - but rather as a part of the entangled whole?
About Tom Chi
Tom Chi is the founding partner of At One Ventures, which backs early-stage (Seed, Series A) companies using disruptive deep tech to upend the unit economics of established industries while dramatically reducing their planetary footprint. Previously, Tom was a founding member of Google X where he led the teams that created self-driving cars, deep learning artificial intelligence, wearable augmented reality and internet connectivity expansion.
Watch on YouTube: https://youtu.be/AjGOGfzAvyc
More info, and show notes: https://www.thegreatsimplification.com/episode/120-tom-chi