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114: Comparing hardware and software investing in venture capital | Matt Jellicoe of OnePlanetCapital

13 May 2025 / Podcast Tax Advantaged

By Dr Brian Moretta

hardware software investing

While software may not eat the world, sometimes it seems like it has eaten the venture industry. However, hardware has its merits, too. Climatetech investor OnePlanetCapital invests in both, so CEO Matt Jellicoe is well placed to compare them.

Amongst other topics, we talk about:

  • Finding skilled teams for hardware companies;
  • Building and scaling hardware companies;
  • Sources of IP and protecting it;
  • Whether to work with partners or not;
  • Where the real challenges in supply chains are;
  • Dealing with cash requirements at different stages;
  • The support available in the UK for hardware;
  • How climatetech products need to be no-brainers;
  • Getting good gross margins;
  • Scaling climatetech companies.

Matt brings great insights with deep use of several real life examples to make his points clearer. Enjoy!

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Links

Read more on the OnePlanetCapital website.

Suggested book

Psychology of Money by Morgan Housel

Matt Jellicoe is CEO and one of the founding directors of OnePlanetCapital – a climate change-focused EIS Investment Fund, which aims to combine strong investment returns with climate and environmental impact. After a corporate career in public companies, Matt founded and successfully exited two technology businesses in 2012 and 2018 respectively. He has been an active technology investor since 2012 and serves as a Non-Executive Director for two technology businesses. In more recent years, he has specialised in sustainable investments.

Disclaimer

Please note this podcast/interview does not constitute a financial promotion and is provided for informational purposes and should not be construed as an invitation or offer to buy or sell any investments. Please be aware that investments into unquoted companies are high risk, long term and illiquid investments.  Your capital is at risk. Past performance is not a reliable indicator of future performance.  Target returns are not guaranteed and forward looking statements are illustrative only and must not be relied upon. Investors should only invest on the basis of reading the full offer documentation. Listeners must make their own independent decisions and obtain their own independent advice regarding any information, projects, securities, tax treatment or financial instruments mentioned herein.