We have all the tech we need to tackle climate change. What we don’t have? Enough First-of-a-Kind (#FOAK) projects actually getting built.
#VCs have been making noise about FOAK lately - but let’s be real: VCs don’t finance FOAKs. They fund the early stages. Now that their startups are stuck at the FOAK wall, struggling to raise the next round, VCs have suddenly started talking about the problem.
💰 Funding FOAKs is one thing. Building them is another.
#Northvolt proved that even with all the money in the world, you can still spectacularly blow a FOAK if you don’t execute right. That’s why a new branch of the #climatetech ecosystem is emerging: FOAK assistants.
These are not consultants. They don’t just give advice—they train, coach, and bring in missing skills and resources. They’ve done it before, often multiple times. And they have skin in the game.
CTVC recently interviewed David Yeh and Julian Ryba-White, diving deep into how their companies help startups become scale-ups and successfully build FOAKs. It’s a must-read.
The only problem? Mr. Yeh and Mr. Ryba-White are based in the US. If you’re scaling up or FOAKing in Europe or the Middle East, let’s talk—I’ll help set you up for success. Because FOAKs don’t just need funding. They need FOAK expertise and #execution.