Kann: Majority of recent tech IPOs are down 50% or more
Shayle Kann · Catalyst: Will the bear market hurt clean energy? · Jun 22, 2022 · at 3:04
Shayle Kann, partner at Energy Impact Partners, frames the mid-2022 market downturn across public tech equities and venture-backed startups.
0:00 / 0:13exact quote · 13.7s
720p mp4 · rendered on demand · StarZero watermark
“Right now, it's been particularly rough on recently IPO'd Tech companies, the majority of which are down 50% or more, and that's not to mention the SPACs, which are the de-SPACs, I should say, which are performing even worse.”
quote is from the automated transcript, cleaned for reading: filler sounds and stutters are removed, nothing is rephrased. names can be misheard (the analysis reads context, assessments check outside sources). how →
More from Shayle Kann
Kann: Startups must develop FOAK projects before demo plants finish operating
“You need to be developing your first of a kind project well before your demo is operating. And certainly before your demo has six months of operational data, because you don't have time basically to wait around an ideal world.”
Kann: Premature to declare 2035 decarbonization dead over utility gas
“No, it's too early to Right? Like, this is all happening in such real time. Georgia Power is a good example of this. They filed, they're on a three-year IRP cycle. They had to amend their IRP a year after they filed it to account for all this new load growth. …”
Kann: Dedicated mandates mean modern climate investors cannot easily pull back
“So I think it would be much more difficult for the broad swath of investors who are investing in, in Climate Tech Solutions now to just sort of turn the dial off than it was then.”
Kann: Delivery obligations on demo plants undermine technology optimization
“The second you have a customer who's expecting the product, your incentives are misaligned a little bit because what you really need from an existential company perspective from the demo is to prove the technology and optimize it. What the customer needs is to…”
Kann: First-of-a-kind infrastructure projects lack external construction financing solutions
“If you're building a first-of-a-kind thing, there's also not really, we've been talking about, like, financing the long-term operation. There's also not really a construction financing solution, so you end up having to do that on balance sheet, and that's a lo…”