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Tim Barat, the co-founder of Gridware, a utility monitoring startup, says the first slide of his pitch dek to investors is a mirror. “Look outside the window,” he tells potential Silicon Valley investors. “That’s your problem. It’s wildfire.” He then asks them if they’ve been impacted by fire in recent years. Being Bay Area venture capitalists, the answer is always yes.
“That makes that very easy to pitch,” Barat said.
Gridware is part of a rapidly increasing segment of the tech industry specifically focused on wildfires. These companies come from traditional Silicon Valley backgrounds and often have origin stories that date to between 2017 to 2020 when the founders or their loved ones personally experienced the effect of wildfires.
For his part, Barat’s story is slightly different. A native Australian, he remembers Black Saturday in February 2009, when a heat wave and high winds resulted in hundreds of brush fires, ultimately killing 173 people. He started Gridware in 2020 after moving to California in the 2010s and attending UC Berkeley. He saw a market finally ready to take wildfire prevention seriously.
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Bloomberg / Contributor via Getty
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Jul 29, 2023 @ 08:02:07
🔥🖤
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Jul 29, 2023 @ 21:24:05
I hope so!
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