A few days ago there was a thread on Twitter about capitalism and climate. Jason Jacobs and I-Kang both elevated the fact that we need more highly visible, successful entrepreneurs that make their wealth in the “climate” theme. As someone who generally believes that capitalism does a pretty darn good job with allocating dollars, the more financially successful entreprenurs means:
a) structural changes are occuring in the market enabling outsized returns
b) more individuals will see this outcome as possible and prioritize their efforts to the climate theme
The exchange below takes my opinion one more step. The recent spate of SPACs and IPOs is likely minting more climate millionaires than any other time in history. And knowing the drive and persona of these individuals, the majority of them will double down (entrepreneurship and investment dollars) on the theme. WIN-WIN.