Chris Sacca on Profitability vs. Sustainability, and the Types of Entrepreneur He Invests In
Oct 13, 2021
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Billionaire venture capitalist Chris Sacca discusses the balance between profitability and sustainability for businesses, the importance of climate tech investments, and the need for systemic changes to combat climate change. He emphasizes the significance of shifting energy generation methods on a global scale and investing in companies that offer valuable contributions.
Chris Sacca emphasizes the need for systemic change in energy generation to combat climate change.
Investors should prioritize sustainability intertwined with profitability in businesses for long-term success.
Deep dives
Chris Sacca's Long-Term Investment Approach and Lack of FOMO
Chris Sacca values long-term perspectives in investments, as evidenced by his lack of FOMO when missing out on deals. He prioritizes hearing about the right deals rather than chasing every opportunity, showcasing a patient and strategic approach to investing.
Chris Sacca's Transition to Lower Carbon Capital and Venture Focus
Transitioning to Lower Carbon Capital, Chris Sacca emphasizes sustainability intertwined with profitability in businesses. His focus on climate change solutions stems from recognizing the economic value in incorporating sustainability, aligning environmental impact with financial success.
Importance of Diverse Experiences in Business Success
Chris Sacca values diverse experiences in individuals he supports, believing these varied backgrounds enhance problem-solving skills. He encourages a blend of structured business approaches with natural hustle and a commitment to helping companies succeed through unique perspectives and engagements.
Commitment to Systemic Sustainability Change
Emphasizing the importance of systemic change for sustainability, Chris Sacca highlights the need to reshape energy generation, reduce waste, and rethink business practices to combat climate change. He advocates creating markets that drive cost efficiencies and promote impactful environmental initiatives.
In part one of two, Chris Sacca, the billionaire venture capitalist and former "Shark Tank" star, shares his thoughts on the right mix between profitability and sustainability for a business, what he likes to see from investors in a pitch meeting with him, and how climate tech—his new investing target—belies the greater challenges facing our planet.
"God bless anyone turning their lights off, and moving to LEDs," Sacca says. "That stuff does matter. But the reality is: If we're going to change stuff at scale, we have to completely redo how energy is generated on this planet."
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