This is an alt account. I doubt I will use it to post again.
A friend of mine leads a startup. They are beginning to draw attention and are soon to go for investment funding. They make something to be used in sports, medicine, and space.
My friend is frustrated with the ecosystem’s current obsessions. ‘AI B2B SaaS’, making 10x returns in 3-5 years. None of it is sustainable. None of it solves real problems in a way that will keep them solved for decades to come. In a way that is truly new, and better than the old ways in consideration of social and ecological impact.
In your opinion, how might my friend best navigate their choices to positively influence the world? What actions would you take, in their shoes?
Thanks for your comment.
It likely will not be practical to raise no investment, since there will be non-negotiable expenses to be covered in the near term.
There are alternatives to venture capital that are being prioritised, grants and favorable angel investment among others.
I do agree, VC investment must remain at the bottom of the list.