I strongly agree! I'll also note that it can be very difficult to start new companies developing tech in this space using the VC model for reasons I outline here - low margin industry, slow moving incumbents, and high capital costs for physical tech developments. Therefore, some corollaries to this are:
Consider working at some of the companies developing welfare tech such as Optimar, Baader, Orbem, HatchTech and many more. This will have high direct impact (as often these companies have a harder time attracting top-tier talent), as well as hugely useful learning potential.
If you're an impact investor interested in this kind of tech development, especially one that is comfortable with non-VC return structures, considering getting involved in the space. Currently, lack of interested capital means there aren't a ton of investment opportunities, but having more activity will help start this flywheel, especially if you're public about your investment thesis.
I'm happy to chat with folks that are interested in getting more involved here, and I'd encourage folks to reach out to me, or Aaron, or any of the other groups mentioned here like Amodo to better understand the landscape.
I strongly agree! I'll also note that it can be very difficult to start new companies developing tech in this space using the VC model for reasons I outline here - low margin industry, slow moving incumbents, and high capital costs for physical tech developments. Therefore, some corollaries to this are:
I'm happy to chat with folks that are interested in getting more involved here, and I'd encourage folks to reach out to me, or Aaron, or any of the other groups mentioned here like Amodo to better understand the landscape.