Software is eating the world, but software alone can’t tackle climate change
mattward.substack.com
Most VCs LOVE software and HATE hardware. The low costs and near infinite scalability of software make SaaS the “perfect” investment - easy to measure, easy to scale, easy to exit Now contrast that with often expensive, slow and maintenance-needed hardware solutions like carbon capture/direct air capture (DAC), renewables infrastructure or industrial recycling and it’s no wonder why most VCs prefer software.
Thank you Matt, a blog full of knowledge and recommendations for a hardware company like ours, on our way to financing.