Chris Sacca was one of the past decade’s most successful venture capitalists, with a run that included early bets in such companies as Instagram, Twitter and Uber. Then, in 2017, he quit.
Driving the news: Sacca is good at investing, but bad at retiring. He’s now running a new firm called Lowercarbon Capital, focused on startups that are developing “technologies to reduce CO2 emissions, remove carbon from the atmosphere, and actively cool the planet.”
“Clean tech” remains a dirty word for many venture capitalists, due to the mountains of cash lost on such deals in the late aughts.
Sacca argues that the sector today is akin to internet tech in 2005 when Y Combinator launched, in terms of lower startup costs and clearer paths to