Why do many VCs/ angels see 3–4× higher failure rates in climatetech vs. software ?

A few hard truths:
• FOMO > fundamentals: chasing momentum rounds without sector-depth.
• Hype vs. physics: limited ability to separate glossy decks from first principal analysis, safety, and bankability.
• Shallow networks: weak industry networks and domain expertise → poor read on real competition, incumbents, and alternative pathways.
• Policy & standards drift: evolving regulations and policy landscape, certifications, and grid rules reshape unit economics mid-journey.
• Supply chain/customer access: inability to unlock vendors, warranties, and early strategic customers who can provide scale vs pilots that rarely result in mass deployments.
• Timeline mismatch: hardware/infra scale-ups need 5–10 years; unless timing is right, typical venture exit clocks often don’t.
• Spray-and-prey mindset: hashtag#powerlaw expectations misapplied to capital-intensive, regulated markets.
• Capex intensity & financing fit: venture dollars used where project finance, offtakes, or blended capital are needed.
• Permits & interconnection: queues, EPC risks, and site realities rarely priced into models.

What you’ll get: concise market maps (grid decarbonization & sustainable mobility), diligence checklists, policy watch-outs, capital pathways from pilot to scale, and candid Q&A.