From 30% to 90% Li Recovery, Founding a ClimateTech Co, & Talent Moat w/ Teague Egan (EnergyX)

Feb 14, 2023

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Interested in how we will have enough lithium over the next decades to support the energy and EV transition? Well, you can learn about a company solving this problem.

Enter EnergyX founded and run by Teague Egan. Teague had no previous experience in mining or chemistry but after seeing a huge gap in the market and one particular problem faced by a lithium reserve in Bolivia, he set out to see how he could solve this problem.

In this conversation we cover...

His journey to finding this problem and how he built the company
What their technology does and how it's an artificial intersecting of several proven technologies
The detailed process of how he funded the company at the start and the milestones to achieve each subsequent fundraise
And finally how they spent effort up-front building a world-class team in order to help them attract talent more broadly down the road

It is really an amazing conversation especially because of how candid he was about the experience and the raising process.

I think both existing and aspiring climate tech entrepreneurs will find this valuable.

Topics:

00:40 Intro to Teague
5:30 How, as a non-technical person he founded a highly technical ClimateTech company
15:50 What their technology is and how it works
20:22 Borrowing existing proven tech and applying it to new problems
29:45 Who are their customers
33:10 The detailed breakdown of their fundraising process and the key milestones to advance to the next stage successfully
42:00 Importance of IP
44:50 Mining & Recycling
46:30 Building a talent attraction machine and moat through hard work up-front

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