Jacobs: Capital Markets Cannot Catalyze Underdeveloped Infrastructure Markets
Scott Jacobs · Crossing the valley of death · Jul 14, 2022 · at 10:15
Scott Jacobs, CEO of Generate Capital, explains why traditional finance cannot initiate new sustainable infrastructure sectors without customer demand and operational capacity.
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“When you have an underdeveloped market, the capital markets are unlikely to be the catalyst for that market to develop. You really need to see customer demand first and foremost that is solid. You need to have products that have product market fit, as you well know. You need to have human beings who are able to successfully steward capital and other resources to deliver against that customer demand. And then you'll see the capital flow if the projects are profitable.”
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