What's your biggest contrarian bet right now?

Principal at Cobalt Ventures. Write @ TheItinerant.io ; BenErsing.com Host: /venturecapital /finance /adventures

Despite all the buzz, Climate tech continues to be not venture backable in most instances

John Doerr's green funds in early 00s eventually returned 2x after 20 years, so lousy IRR. The new venture bet in the space is that the capex needs are smaller, that the path to commercialization is shorter and that there's a bigger software play. I do see opportunities that fit this profile, but not as a general rule

What makes you say that? Genuinely curious

President of Antares Industries. Mom to 2 little boys. Nuclear energy advocate. Formerly SpaceX and Opendoor. Angel investor. 

Can’t argue. Definitely some big swings being taken. But a lot of climate opportunities look more like p/e deals or infrastructure deals and are a better fit for private credit than vc