Climate tech is a category that often forgives the operating shortcuts that other categories do not. The thesis pull, the alignment with policy and the willingness of capital to wait combine to compress the operational pressure on early-stage teams.
The result is well-funded ventures that struggle later, when product-market fit and capital efficiency become structural constraints. We treat climate tech ventures with the same diligence framework we apply to any other category — with one explicit adjustment for the regulatory clock that governs their addressable markets.