Get the latest tech news

How to build a company that can save the world and generate a profit


For startups that hope to save the world, or at least make it a better place, balancing impact with profit can be tricky.

“Investor and shareholder expectations are often not aligned with how hard and intractable the problems are that we face as a society,” Allison Wolff, co-founder and CEO of Vibrant Planet, said on the Builders Stage at TechCrunch Disrupt 2024. Wolff’s company develops cloud-based software for utilities, insurers, and land managers like the U.S. Forest Service to model and respond to wildfire risk. If that all sounds like too much for startups to juggle, that maybe the mission part should fall to the wayside while they master the basics, Suh said that sort of ambition is actually a sign that the companies are on the right track.

Get the Android app

Or read this on TechCrunch

Read more on:

Photo of World

World

Photo of Company

Company

Photo of profit

profit

Related news:

News photo

Amazon Reassures Investors With Cloud Growth, Cost-Cutting

News photo

Apple Reports 4Q 2024 Results: $14.7B Profit on $94.9B Revenue

News photo

Elon Musk’s xAI in Funding Talks That Could Value Company at $40 Billion