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One path, which is particularly well trodden, is to start a venture fund. Instead of launching a VC fund, they’re starting with an incubator called Montauk Climate, TechCrunch has exclusively learned. Montauk Climate is one of the latter. Montauk Climate will remain shareholders in its spinout companies and have seats on their boards. As the number of incubated companies expands, Montauk Climate expects to raise its own venture fund to help support them.