This was exactly the sort of thing people wanted to hear, according to Gustaf Alströmer, a Y Combinator partner who’s working on its carbon project. “If you say, ‘I’m making gasoline,’ even if there’s a one in 500 or one in 1,000 chance it actually works, you will resonate very well with investors,” he said. Within weeks, McGinnis had raised enough money to hire several people and begin planning to move beyond a single prototype machine.
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