This Week in Startups

VC School: What's a venture scale business + Matt Duesterberg of OhmConnect | E1499

Jul 3, 2022

Matt Duesterberg, co-founder of OhmConnect, shares insights on transforming energy consumption with innovative strategies that incentivize users to save energy. He discusses the concept of 'negawatts'—monetized energy savings and the company's remarkable impact during California's heat wave. The conversation dives into the financial complexities of venture capital, emphasizing the importance of presenting ambitious visions to investors. Additionally, Duesterberg highlights the need for a decentralized energy model and strategies for scaling energy efficiency for a sustainable future.

47:54

Creator website

Episode guests

Matt Duesterberg

AI Chapters

Episode notes

Intro

2min

Understanding Venture-Scale Business

6min

Navigating Venture Capital Returns

8min

Innovating Energy Savings with Ohm Connect

7min

Innovative Energy Solutions: Tackling Demand and Incentivizing Change

5min

Understanding Negawatts: The New Frontier in Energy Savings

2min

Navigating Energy Reliability and Startup Acquisitions

3min

Scaling Energy Efficiency Engagement

12min

Startup Community Resources and Opportunities

2min

For today's VC Sunday School, Molly asks Jason about what makes a venture scale business (2:20). Then, for This Week in Climate Startups, Molly sits down with Matt Duesterberg, co-founder of OhmConnect (19:38).

(0:00) Jason and Molly tee up today’s show
(2:20) VCSS: What is a “venture scale business”?
(12:15) OpenPhone - Get an extra 20% off any plan for your first 6 months at https://openphone.com/twist
(13:31) More on being venture scale
(17:35) Molly tees up This Week in Climate Startups
(19:38) TWiCS Molly speaks with Matt Duesterberg, co-founder of OhmConnect
(26:14) Odoo - Get your first app free and a $1000 credit at https://odoo.com/twist
(27:25) How is OhmConnect paid?
(32:10) Microacquire - Sell your business with no fees at https://try.microacquire.com/twist
(33:27) OhmConnect energy savings, Gigawatt v. terawatt, $55M Series D
(46:02) Thanks for tuning in, and have a happy 4th!