During v1 Launch Week, we made two important announcements:
- The RedwoodJS project is fiscally sponsored by Preston-Werner Ventures (see announcement)
- We are launching a $1M Redwood Startup Fund (see announcement)
The intersection of these initiatives is a focus on finding, funding, creating, and supporting solutions related to the wicked climate challenges of our day. Although the Redwood Fund will not exclusively fund climate startups, our goal is to give strong preference to climate applicants.
Since making this announcement, we’ve received a lot of interest and questions. There are two inquiry themes so far:
- what kind of climate software solutions are you looking to fund?
- I’m an individual looking to work or initiate a climate startup — are there existing startups or founders you can connect me with?
We’re going to work on answers to both of these questions.
This document is our best, high-level answer to the question, “What kinds of climate solutions will you fund?” The answer, unfortunately, is not as simple as, “plant more trees.” Although the climate crisis is highly complex, there are three priority categories to drive the solutions with the most impact:
- Electrify everything
- Fix food
- Clean up the power grid
Software is not a direct solution. But software is needed to enable solutions across each of these categories.
The document below is maintained by Jae Pasari at PWV, who’s the Climate Program Manager, guiding our initiatives and investment decisions. I encourage you to read through the linked articles and explore the categories.
Working with Jae and our network of experts, we want to find ways to connect Redwood entrepreneurs with opportunities that will drive the impact we need, now. Additionally, we want to find ways to connect developers and potential entrepreneurs with each other.
There are no specific next steps or plans, yet, but we are exploring the following ideas:
- Redwood Meetups for Climate Entrepreneurs and Devs
- Networking into existing groups and investment funds
- Interviewing experts in science and technology
- Matching existing climate companies that need software with Redwood Developers
To be clear, it’s still early days for the Redwood Fund — these are ideas that do not yet exist. Sharing these is a way to communicate our intent and where we see momentum plus opportunity. Importantly, we would much rather join or support existing organizations or activities. A part of our next steps is to find out what already exists and the find ways to collaborate.
If you’re interested in starting a climate software company, then stay tuned! The Redwood Startup Fund will be launching soon, and we’d love for you to apply.
In the meantime, make sure you look through the document linked above. And just ask questions in the comments if you’d like to learn more about what kinds of climate solutions we consider critical and high impact.
If you have ideas or opportunities that align with any/all of the above, reach out directly or leave a comment below. We need your ideas and help!
If you are interested in helping us network between existing organizations and groups, please let us know and also reach out to @tilmannb who is currently exploring a “Redwood Climate Startup Meetup” (or something of the sorts) to help connect experts, organizations, and entrepreneurs.
Lastly, if you are a dev who wants to join or start a climate startup, but you’re currently looking for a climate problem to solve with software, stay tuned! Please do reach out or add a comment to this post — more opportunities to come!