Posted on 04/06/2023 4:15:16 AM PDT by CFW
When Silicon Valley Bank (SVB) suddenly collapsed in the second-largest bank failure in U.S. history, many startups and their VC backers focused on sustainability and tackling climate change sprang into action to secure their funds.
Federal financial regulators soon stepped in to guarantee deposits, but tighter lending conditions from the banking crisis and higher interest rates pose new challenges for climate tech companies at a time when there's not much time to act and avert the worst effects of climate change.
“There is a massive hole in that slice of the climate capitalization pie that's missing," Sophie Purdom, climate tech investor and founder of Climate Tech VC, told Yahoo Finance at the recent Techonomy conference. “SVB did play this really essential role in the ecosystem because they were willing to take on technologically perceived riskier types of clients than maybe the bigger four or so banks were willing to mess around with. These tend to be smaller companies, smaller accounts, [with] higher risk premiums."
(Excerpt) Read more at finance.yahoo.com ...
“There is so much information regarding SVB’s failure that we do not know about.”
A conduit for leftwing (including Chinese suitcases full of cash) causes - such as, when Congress passes a bill, near the top of the bill, are the words:
“and for other purposes.”
She speaks of capitalization when she means debt. The climate parasites have no place not to borrow money
Feel good story of the day.
Wow - finacial system failing and all the new-age, Marxist dung-brains worry about are “climate startups.”
Climatstrophic predictions hardest hit!
“Wow - finacial system failing and all the new-age, Marxist dung-brains worry about are “climate startups.””
I wonder if that might be part of the reason they decided to go ahead with the indictment of Trump now rather than closer to the 2024 election. They need to distract from the economic failures of the left.
https://mises.org/wire/why-regime-needs-dollar-be-global-reserve-currency
The left and main financial sites ignore so much of what is going on with BRICS, the dollar, inflation, the banking crisis, etc. that one knows it has to be deliberate.
I checked out Linkedin for this Sophie Perdom who looks like she is 16 - daddys money I guess - and this is how she describes herself:
“I invest in and support early-stage climate tech founders and their companies, and write a newsletter (50,000+ readers, CTVC) on climate and innovation. Prior, I’ve been a sustainable business operator; first launching an ESG fund at a major endowment, followed by a few years making pretty slides at Bain & Co., published a book on sustainable investing along the way, and helped found an agricultural technology company (raised +$65m).”
I don’t know much about venture capitalism, but I would imagine the very LAST thing I would ever invest in if I was an investor would be something that has no discernible way to make a profit.
Think about it: Climate? How the hell do you make a profit on the “climate”? It’s like saying “Let’s make a profit on the moon”. There is no invention here, they aren’t working on an engine that can run on cold fusion. This is all about “climate tech” where nobody says just what the “tech” is.
To me this reeks of a scam where they BS people about a “climate company” when in fact the real profit comes from the taxpayers being forced to throw these BS companies money because a bunch of Rats and RINOs in Washington want to look “climate capable”.
https://finance.yahoo.com/m/814b0696-7c95-3d7f-a227-ca7a69c788c1/a-giant-shoe-is-about-to-drop.html
“Even if you don’t have money in a failed bank, you’re going to pay the price. How? Lost S&P 500 dividends.”
Can’t keep the scam going without a scam bank to provide scam funding.
“many startups and their VC backers”
Who cares what the Viet Cong think?
https://rumble.com/v2gj94d-tucker-carlson-is-the-end-of-the-u.s.-dollar-here.html
Tucker Carlson: Is the End of the U.S. Dollar Here?
Apt. Sadly the con is extended to saying the government should CONTINUE throwing money into the con. Solyndra? That was the future, said some jackass president. He was right. It went bankrupt. The nation lost money. The perps never were prosecuted, but left the arena with millions.
When money "borrowed" but not repaid or collected against via real assets taken, it is no longer borrowing. It is theft.
Yes!
propaganda, geo-engineering, and tyranny are never healthy
Cue the Seinfeld “That’s a shame” GIF . . .
Just add lbgtqp to your business model
and get 5 mil tax free dollars to start up with !!
Just go hit up 10 percent guy , he’ll strong arm a whole nation to back you
Biden State Department Offers $5 Million in Grants to ‘Empower’ LGBT Activists
https://freerepublic.com/focus/f-news/4143622/posts
Systemic Grift anyone ?
Green now means SCAM
BINGO! You nailed it.
What a surprise! You mean that climate charlatans can’t find any other place to get free money?? Just Wait! resident Biden will jump into the void.
Exactly right. These “technologically perceived riskier types of clients” would not exist in a free market. They only exist because the GD government wants them to exist and the government provides huge direct incentives and tax breaks we all pay for through high taxes or inflation due to $33 trillion of debt.
Like Solyndra, they exist mainly to recycle government “investment” in these companies back to Dem politicians. It’s the unholy Government - Industrial alliance.
They produce NOTHING of value and redirect money that otherwise would have gone to productive endeavors to trash investments.
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