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    Monday, November 8, 2021

    Startups Are Climate Tech Startups The New Big Thing On The Block?

    Startups Are Climate Tech Startups The New Big Thing On The Block?


    Are Climate Tech Startups The New Big Thing On The Block?

    Posted: 07 Nov 2021 09:55 PM PST

    Climate tech startups are making a return but will this time be any different? Many of you might not know but climate tech startups aren't altogether a new phenomenon. The same thing with a different name made waves back in 2006-2011, it was known as "cleantech" then. It successfully collected heaps of money in investments but the majority of the startups ended up failing and didn't even return the money.

    During that time, venture capitalists plowed over $25 billion into cleantech startups and lost half the money. This calls for serious introspection into this times' boom and how will it be different from the last time?

    Climate Tech is primarily focused on employing technology to mitigate climate change effects. For example, projects like clean energy and other climate-related technologies are the highlight.

    Andrew Beebe, managing director of Obvious Ventures, which invests in clean-energy and transportation startups, said in an email: "Climate has many, many problems, with many different solutions and that will create many opportunities to build big, valuable companies". "From batteries to mobility to energy efficiency to carbon capture and beyond."

    It is paramount to the survival of mankind that climate change gets the attention it demands. It calls for sustained investment in technologies that can mitigate the worst effects of climate change. This existential challenge has allowed tech startups to win huge investments to run climate-based projects. Not only does the world need this investment at this point but it will yield returns too. People are intrigued to invest in a domain that is promising considering the alarming climate change situation.

    Climate tech startups have raised more money in 2021 than any year before which is a testament to the point made above. It's six times more than what was raised in 2016 just after the Paris agreement. This year so far, climate tech startups have raised $32 billion, according to a new report from Dealroom and London and Partners.

    The second boom will have to reinforce the alarming climate change situation and how tech startups are the solution. For this to succeed, the criticism shouldn't be misplaced as leaving the role of governments and global leaders will amount to an incomplete tackling of the issue at hand.

    The role of global leaders is pertinent to these ventures as climate change is a global issue and needs to be addressed at a global level. The kind of support and seriousness that global governments leaders can offer is unmatched. The rationale behind making such a bold statement that this wave will be different from the last one is that climate change is at an all-time alarming point now.

    Governments are made to do better to contain the worst possible effects of climate change and there the startups have an amazing opportunity. It's less of a corporate thing and more of a "save everyone and yourself" thing.

    Although this is very promising for the future and it should be taken seriously, the purpose and seriousness of it get deluded when states pull out from agreements like the Paris agreement. The United States was the first one to pull out of the Paris agreement in 2017 which lead to repercussions. Moves like these not only impact the whole narrative but startups that are working to make it happen. Original Source

    submitted by /u/mikejackson6177
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    Best tool to track marketing performance

    Posted: 08 Nov 2021 01:23 AM PST

    I am wondering what tool do you guys use to consolidate your marketing performance? We are currently bootstrapping so it must be a tool that is relatively affordable. This is where I am at the moment:

    Google Data Studio
    Great for all things Google, but struggling to pull in Linkedin or any social media data

    Databox
    Really cool but a little pricey when adding a few more data sources

    Suggestions/recommendations welcome...

    submitted by /u/Nomadic_Turtle1
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    Payment feature in my mobile app

    Posted: 07 Nov 2021 03:45 PM PST

    I need to implement a payment feature in my app. I started with Braintree sandbox but I am it's complicated for my needs. I want something simple, quick, and straight forward. For reference, If you have ever booked a walking tour or some small one time event in your city; there is usually a simple in-page form you need to fill out with your credit card and your name etc... and thats it. No address, adding the customer to your systems, saving the payment info etc

    So far Braintree is doing 10x of what I need. Also it's a lot more work to understand their terminologies like nonce, customer ids, vaults etc work. Development and marketing are higher priority for me. I can check Stripe but I need the IAP and stripe doesn't support that IIRC.

    In the nutshell, I want users to just click on "Pay" link, enter there payment info and receive a confirmation that payment was successful. Any help? I am working with React Native > 60.

    submitted by /u/campushappens
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    Crowdfunding - Be our Investor?

    Posted: 08 Nov 2021 01:15 AM PST

    Hey Everyone,

    We have just listed our start-up on a new start-up website that helps early-stage companies to raise funds through crowdfunding. It's a concept of the west and a lot of big companies started through crowdfunding. We would love you to participate and spread the message in your circle.

    We have listed on Tyke, they have done the due diligence and our financials along with the problem statement are all listed on the platform.

    Minimum Investment - INR 15000

    In the last 5 days, we have already raised 41% and we are thrilled to see this amazing response.

    Link: https://www.tykeinvest.com/campaign/happy-ratio-WZldhhm7

    Note: Think about investment only if you're into investments and understand the risks associated with it.

    If you have any questions, you can DM or ask right here :)

    submitted by /u/Live-Entrepreneur-07
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    How do I tell VCs I’ll export my startup in another country in a few years?

    Posted: 08 Nov 2021 12:27 AM PST

    Hi everyone, i'm 19 years old, and I and a friend of mine are building a startup in the environmental sustainability market, and are looking for funds.

    We are Italians, and want to immigrate/export our business in the usa as soon as we can. The problem is, how do we tell Italian/European VCs that the startup they'll invest in won't be in Italy in a few years? Do you think this may represent a problem?

    We are considering also to ask American VCs, but I think that they wouldn't invest in a startup that is driven by people that live on the other side of the world.

    What do you think about our assumptions? Would you have other ideas? What would you do if you were us?

    submitted by /u/Joe_Bianchino
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    How to network for a startup path?

    Posted: 07 Nov 2021 08:26 AM PST

    I'm 37, had some startup in the past but now I work for an established company as a software engineer. I hate any employee job and love it when I work for my own company , even if that means more hours less paying.

    My problem is that I don't have strong network today. At the past I had university community, or municipality network (I was working there). So how can you find good networking to spot people that have the same dream or VC funding etc. People that want to be part cofounders of a startup BUT at the same time, they put the same value in that adventure as I will.

    I was thinking to go back to university for my PhD just for the networking.

    submitted by /u/georgiossss
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    (Typical) Overworked - How much is too much? How to set boundaries?

    Posted: 07 Nov 2021 07:51 PM PST

    First time poster here. Started working at a startup 6 months ago. I joined this company fully expecting it to not be able to a typical 9-5 job. I get it. We're a small team with a lot of hard hitting potential for what we're working on. I'm paid $4,000/month with no benefits. I have stock options but is a very small fraction of equity which obviously isn't guaranteed to vest.

    I'm in this weird spot where every week the hours that are expected of me keep rising and rising with no end to this crazy schedule. I'm averaging 55 hours/week for the past 2 months straight which isn't the worst compared to what I've seen people do at other startups but my 55 hours are legitimate work hours and is very tiring, especially since I am still in school working on my undergrad. I've just past my point of personally being burnt out.

    On the surface it seems obvious I should leave since I'm being overworked without getting any extra pay and for the fact I'm burnt out, but I really enjoy the work I do and the direct team I work with so I don't necessarily want to leave. Plus we have some really high potential opportunities being presented to our company lately which gives some motivation.

    How do you set "boundaries" with your startup boss on hour expectations? I'm fine working crazy hours once in a while but working 50+ hours so many weeks straight isn't sustainable for me. I'm trying to push back on my hour expectations but it's honestly a struggle because every time I do it's looked down upon. How have you guys pushed back on crazy hour expectations in your experiences?

    submitted by /u/xstell132
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    Asking for a possible liquidity event or selling equity in a very early stage startup

    Posted: 07 Nov 2021 07:24 PM PST

    I am in an early stage startup as one of the first employees. We have been in business for 4 years now and I have about 100,000 shares vested. Each share exercises at about $0.14 but are worth probably about $1 per share.

    I am in a personal financial difficult situation right now and have been loyal to the company. We aren't blowing up at unicorn levels but have seen some impressive growth over the years and our company has significantly grown in size team wise and revenue wise. We just closed our Series A and there is a lot of positive buzz around our company.

    My question is, would it be seen as extremely negative if I approached our cofounders asking if I can possible realize some of these gains. We are far from an IPO or acquisition, and just need some cash right now.

    Is there a possible way to approach this or is it even a possibility at this stage?

    Any help is greatly appreciated. I screwed up on some personal loans and want to pay some of that off as well as help my parents with their mortgage a bit. But it doesn't seem like there will be a time in the near future I can realize these options that I know of.

    Thanks for any info in advance.

    submitted by /u/Adios_numero_two
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    Should I try and haggle for equity in my salary negotiations?

    Posted: 07 Nov 2021 04:04 AM PST

    Im about to negotiate salary/equity for a biotech startup that has hit an >$10m seed round. I'm a fresh/under grad but have an unusual amount of experience in startups and can also code in a number of languages. The founders were keen on getting me to work on an idea that revolves around the intersection of software and science. Upon further inspection, this would literally be the centrepiece of the company. They mentioned they are looking for people to open up and lead new spaces like this. But I actually havent even graduated yet, and therefore asking for equity proportional to my responsibilities seems very out of order to me, and my gut instinct is to just be grateful. What would be a reasonable salary/equity package to ask for? Should I test the limits or play it safe?

    submitted by /u/Akemedis_jones
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