Explain It To Me: Diversity in Clean Tech Investment

As Third Way’s Dr. Nick Montoni and Doug Rand recently wrote in a piece for The Hill:

It’s hard to be a startup, given that most small businesses don’t survive past five years. It’s really hard to be a clean energy startup, because venture capital firms underinvest in risky technology challenges. And it’s hardest of all to be a clean energy startup led by an entrepreneur who happens to be a woman or a person of color (or both), because venture capital firms scarcely invest in underrepresented founders.

We wanted to get to the heart of the issue and asked Dr. Motoni as well as Robbi Jones, founder of Kipling Jones & Co to explain to us how we can begin to increase diversity in cleantech investment. When funds support a more diverse group of entrepreneurs everybody wins as the breadth of innovation increases and the economy overall experiences a subsequent boost.

Go Deeper: Check out Montoni and Rand’s memo on how the Department of Energy can lead and set the standard for racial and gender equity.

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