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The venture capital firm is seeking a founding CEO to lead a new company intended to help utilities, critical infrastructure owners, wildfire agencies and governments better understand and reduce wildfire risks. (The Logic)
Talking point: “We believe there is a significant opportunity to translate research into practical solutions that can help address this growing challenge,” Wittington—the venture capital arm of the billionaire Weston family’s holding company—said in a LinkedIn post on Tuesday. The venture studio-style model, in which VC firms and angel investors build a company from scratch to solve a specific problem or fill a market opportunity, is becoming increasingly popular. Wittington did not immediately respond to The Logic’s request about whether it is incubating other companies in this way, or whether it plans to.
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