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Texture makes a bid to become the world’s go-to platform of the energy transition | TechCrunch

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Platform is a word that gets tossed around a lot in technology circles, so much so that it’s often misused. But here’s the basic business school definition: A platform is a company or business model that creates more value for participants than it captures for itself. Consider that some of the most successful companies in tech have helped other businesses make more money in aggregate than they make for themselves. A couple decades ago, Microsoft made lots of money facilitating the PC revolution. More recently, Apple said that developers that used its App Store generated $1.1 trillion in sales in 2022, nearly triple what the company made itself that year. Serial startup veteran Sanjiv Sanghavi, who has logged experience as the co-founder of ClassPass and chief product officer at Arcadia, thinks it’s high time the energy transition birthed its equivalent. In fact, he spent years as a venture partner at Day One Ventures looking in vain to invest in such a company. “So I decided to go and

Texture makes a bid to become the world’s go-to platform of the energy transition | TechCrunch Image Credits: Daniel Balakov (opens in a new window) / Getty Images Climate Texture makes a bid to become the world’s go-to platform of the energy transition Tim De Chant 6:00 AM PDT · April 23, 2024 Platform is a word that gets tossed around a lot in technology circles, so much so that it’s often misused. But here’s the basic business school definition: A platform is a company or business model that creates more value for participants than it captures for itself. Consider that some of the most succ

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