Savvy Start-Ups Stealing Employees

With all of the layoffs in prominent tech companies such as 谷歌 , Meta , 微软 , and more, thousands of talented, well-versed individuals are looking for new jobs in the tech space. With investors contributing significant funding to climate start-ups, many workers gravitate towards a class of companies that aim to combat climate change. More professionals are beginning to ask themselves how their company makes society a better place and are looking to use their skills in a meaningful way.

In 2022, climate start-ups raised almost $20 billion, which nearly triples 2020’s $7 billion, according to Crunchbase . Many climate-focused companies are increasing their net worths; 83 are evaluated as worth more than $1 billion. Even with the economy looking the way it is, climate start-ups are expected to grow exponentially as 1,000 more successful companies will merge, according to Laurence D. Fink, the chief executive of the investment firm Black Rock.

This clean-tech boom differs from the mid-2000s, as investors are looking for companies instead of ideas. Economic trends support the market for these companies, such as the Inflation Reduction Act, which dedicates $370 billion to climate-related spending.

Corporate investors such as Salesforce and United Airlines have invested in climate-tech companies and prominent tech investment firms such as Sequoia Capital , Khosla Ventures, General Atlantic, and TPG . With this influx of funding to this space, it is impossible to ignore the possibilities which will emerge in the next couple of years.

Read more about this at https://www.nytimes.com/2023/01/30/technology/recession-resilient-climate-start-ups-shine-in-tech-downturn.html