Venture Capitalists Want to Save the Planet Again — The Information

We’ve written so much about venture capitalists rushing to back instant-delivery and direct-to-consumer startups that never created any value and haven’t made a positive impact on the world. That’s why it’s a relief to hear investors are chasing deals in startups tackling climate change again.

Brian Halligan, the former CEO of HubSpot, had his aha moment on climate during a seven-month-long recovery from a near-deadly snowmobile accident last year. The time gave him a chance to rethink his purpose. Afterward, instead of returning to the C-suite at the software company he co-founded 16 years earlier and took public in 2014, he set up meetings with limited partners to raise a $100 million fund, called Propeller, focused on ocean-climate companies. 

“The awareness of the problem is bigger,” said Halligan of the recent rush into climate tech investing. “The talent flowing into the industry is bigger.”

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