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Climate Tech Startups Fitting the Venture Capital Model
Patrick Hunt: Do you see an issue with climate tech startups fitting the VC model due to capital intensity? The amount of money needed is crazy. Some funds have set up new structures that have a longer life that are 12 years. You're seeing some funds say, we're going to do hard tech. We know it's super risky and we know it has a long shelf life but our investors know that too.