Today when disaster happens, the primary organization providing support and mitigation tends to be government departments.
Non-profit charities also play a very significant role. To a small extent private companies also play a part, particularly in
producing and routing supplies. Most of this activity is reactive after the fact.
But among private industry, one area is not known to be focused on disaster mitigation. That is venture capital. There have been many companies created by venture capital that have made the world more resilient to disasters. Companies like Airbnb and Uber have created income options for poor and working poor by monetizing their assets like cars and houses.
But we have not had venture funds with clear investment thesis focused on disaster mitigation. One exception has been Kleiner Perkins Caulfield and Byers ( KPCB). 14 years ago, they focused on the potential disaster of pandemics and create a set of startups that are now doing really well in the COVID-10 arena. That took a lot of foresight.
As we see in the world today. It is critical to have venture funds focused on disasters and disaster mitigation.
#startup #venturecapital #LifeboatVentures #disasters