Shared Future: What We’ve Learned So Far

This post is by Collab Fund from Collab Fund

We launched Collab’s Shared Future in March 2022. A lot has changed since then.

The Russia-Ukraine war has led to severe energy shortfalls and skyrocketing energy prices. Supply chains have snarled even more, which pushing inflation to double digits. The remedy—higher interest rates—then caused a funding contraction across the capital stack, making it harder for founders to raise venture funding.

At the same time, the world has recommitted to the fight against change climate: the US passed $400B+ in climate funding across several bills, including the IRA; California and New York banned combustion-engine vehicles starting in 2035; and one of China’s main coal regions will invest $87B to construct 60 GW of carbon-free energy (the equivalent of 3 million solar panels).

These changes—global and local, positive and negative—underscore the need for programs like Shared Future.

Launching Shared Future

The impetus for Shared Future was to address the growing climate crisis – one that has only accelerated through record-breaking hurricanes, headline-grabbing droughts, and devastating wildfires.

But we were also motivated by the less visible effects of climate change: encroaching insurance premiums for homeowners, temporary blackouts for families trying to stay warm in the winter, and once-in-a-generation heat waves that now bake cities year after year.

We launched Shared Future because we knew that the tectonic shift required to limit climate change calls for an unprecedented wave of innovation. From Meta’s former CTO to new university graduates around the globe, the fight against climate change is drawing the best talent. True (Read more...)