Found How to build a company that can save the world while generating profit
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Dec 24, 2024 Hyuk-Jeen Suh, co-founder of Venx and a general partner at SkyRiver Ventures, joins a panel of innovative founders to discuss merging profit with purpose. They explore how startups can genuinely contribute to sustainability while meeting shareholder expectations. The conversation delves into the impact of AI on energy innovation and the importance of partnerships with large corporations like Amazon and Google. Suh highlights strategies for navigating corporate-startup dynamics and advancing climate tech while securing financial returns.
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Big Tech and Climate
- Big tech companies often have good intentions regarding climate and sustainability.
- However, their primary goal is profit, which can lead to dropping secondary initiatives.
Balancing Green Initiatives and Profit
- Change shareholder expectations and implement regulations that prioritize climate risk management.
- Encourage cost-saving initiatives that align with green practices, like efficient data centers and renewable energy.
AI's Impact on Energy Markets
- The increasing demand for AI is driving the need for alternative energy sources and related technologies.
- This creates opportunities for startups to develop and implement these technologies, aligning profit with positive impact.