The Illusion of Crowds: In conversation with S2G
What happens when plenty of capital enters the energy transition, but not enough of it reaches the companies best positioned to scale? In this episode of EnergyCents, Hill Vaden and Sam Humphreys speak with Francis O'Sullivan, Managing Director of Energy Investment at S2G, about "The Illusion of Crowds," a paper that challenges the idea that more investors automatically create a smarter, more effective market.
They discuss how capital has become highly concentrated, why this matters for the "missing middle" — companies beyond venture stage but not yet ready for traditional infrastructure…
The skinny
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