Kicking things off with a big funding round for AMP Robotics this week for a couple of reasons, but when push comes to shove, it comes down to something really simple: There are a lot of great reasons to be bullish on automation and there are a lot of equally great reasons to be bullish on climate tech. If you can manage to position yourself right in the middle of that Venn diagram, you’re probably sitting pretty right now.
There are caveats, of course. There are always caveats. A big, scary bear market is the most immediate. We’ve alluded to current and coming layoffs in recent editions of this newsletter, and the truth is that there are going to be a lot more before we’re on the other side of this.
As bright as your category is long-term, no one exists outside these macro trends. I certainly wouldn’t want to be in the position of raising a round to keep the lights on at my startup as the headwinds grow stronger. The days of the nine-digit Series A seem to have mostly drawn to a close for the foreseeable future, and I’m accordingly hearing more reports of decreased headcounts.
Recent Comments