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My friend leads a startup (reddthat.com)

submitted 1 week ago by thoughtful_taco@reddthat.com to c/solarpunk@slrpnk.net

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This is an alt account. I doubt I will use it to post again.

A friend of mine leads a startup. They are beginning to draw attention and are soon to go for investment funding. They make something to be used in sports, medicine, and space.

My friend is frustrated with the ecosystem's current obsessions. 'AI B2B SaaS', making 10x returns in 3-5 years. None of it is sustainable. None of it solves real problems in a way that will keep them solved for decades to come. In a way that is truly new, and better than the old ways in consideration of social and ecological impact.

In your opinion, how might my friend best navigate their choices to positively influence the world? What actions would you take, in their shoes?

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[–] bright_side_@lemmy.world 20 points 1 week ago (1 children)

Investment funding seems to be tightly connected to making unsustainable decisions that lead to someone trying to do "10x in 3-5 years"

This mightve come across as blunt, but I really think following a strategy that increases agency and independence is the one proper way of doing things the right way in the long run.

☀️

[–] thoughtful_taco@reddthat.com 4 points 1 week ago

Thanks for the considered response.

My friend shares the same view. The problem to be overcome is covering non-negotiable expenses for the duration of the project until there can be revenue. There are several solutions, grants and favorable angel investment, with VC funding at the bottom of the list.