Elkabetz: VC funded dog-walking apps over deep-tech climate solutions
Shimon Elkabetz · HIBT Lab! Tomorrow.io: Shimon Elkabetz · Nov 10, 2022 · at 33:06
Shimon Elkabetz, co-founder and CEO of Tomorrow.io, reflects on early fundraising struggles when VCs resisted hardware and deep-tech climate adaptation models.
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“It wasn't easy to raise money for such a business. It was actually pretty painful. And for me, it was, I don't want to say insulting or offensive, but it was pretty sad to see, you know, dog walking apps raising Three hundred million dollars when you present a business idea to investors saying, hey, I'm going to improve weather forecasting dramatically in the world. It's going to cost a hundred million dollars. And they're like, but it's not software only. Or climate change is, is, is not yet here.”
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