1955 Capital’s Andrew Chung: Recap Yahoo Finance
Climate Tech has come up with technological solutions to fight global warming. Through this move, states, corporates, and individuals can take action. Just like Food Tech, among other established markets, venture capitalists are leaning towards the developing Climate Tech market. In 2018, the consumption of sustainable products increased by more than 90 percent as compared to counterpart products.
Climate Tech for Climate Change
Climate change affects every living thing across the world. In recent years, millennials top the list of people who buy sustainable products and services, which have less damage to the environment. The article explains how companies and environmental advocates are creating awareness of how climate change is harmful to wildlife and the future generation. However, Climate Tech strives to offer technology solutions to the fields of energy, food, and agriculture. With developing technology, it is clear that the Climate Tech industry has loopholes that need to be fixed. San Francisco is one of the most significant places that needs change, and it would be the best place for Climate Tech to base their offices.
1955 Capital with a Focus
Andrew Chung is the founder of the 1955 Capital firm based in San Francisco. This firm embraces technology to solve demanding problems in developing countries. Andrew Chung has been supporting the Capital Tech even before Jeff Bezos, Bill Gates, and Jack Ma ventured in.
Finances are the main hindrance to the success of these solutions. Andrew Chung invests his funds in connecting business to sustainable solutions in developing economies. He looks for companies with advanced technologies that can deliver cost-effective solutions. As a former head of state advisor on Climate Tech, Chung has great influence and connections.
Andrew Chung believes that Clean Tech has not been as successful as Climate Tech. There was no public awareness of the effects of climate change. It was not a significant threat to consumers hence low demand for eco-friendly products and services. In recent years, people have witnessed rising global warming, and they are now keen on their choices. Hopefully, people will work together to create positive change.