Stop talking about labels and get back to work
It is obvious that climate change is worse than ever, with escalating problems and the risk of an irreversible point of no return. It is the one topic on which we should all be united and work on, but climate as a term has become politicized, limiting, and narrow.
When we started Pale blue dot in 2019, “climate” wasn’t an investment sector, and for us, it was always a lens to view the world. Recent years, the word climate has become synonymous with a very narrow set of problems and how to invest, which we don’t subscribe to. Due to this, we no longer call ourselves a climate fund.
Pale blue dot is a fund backing our future with the belief that good and ambitious people are the biggest bottleneck to solving problems.
Due to climate pressure, every single process will be redesigned, which is the largest macro-shift for both humanity and venture. We expect to invest under three headlines: Optimize, Adapt, and Pioneer.
- Within Optimize, industrial processes, homes, transportation, supply chains, and many more areas are being electrified, information digitalized or created, and processes tuned with AI. To keep what we are doing but more efficiently.
- Within Adapt, we see new data obtained to understand risks, mitigate them, or adapt to them, and new supply chains or products are developed to increase resilience and handle the complex new world—to change how we live and work.
- Within Pioneer, we see novel solutions to new challenges—how to block the sun from heating the globe, harness new energy, travel and move goods in ways we didn’t even imagine possible, and, in general, allow the unbounded imagination of founders.
Venture capital and technology alone are not the answers, but if used well, they can play an important role in transforming our society. Fundamental companies will be built and invested in, whether you call them “climate” or not.
We back those who dare to build important things!
- Joel, Heidi, Hampus
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