Entrepreneurs for Impact (EFI): Climate Tech CEOs & VCs #146: $50M VC Funding for Sustainably Produced Chemicals Using Fermentation — Matt Lipscomb, CEO of DMC Biotechnologies
⭐ My guest today is Matt Lipscomb, Founder and CEO of DMC Biotechnologies.
DMC is a Boulder-based biotech company that sustainably produces bio-based chemicals using fermentation, with over $50M in VC funding and a team of over 40 people.
In addition, Matt is a:
Certified Ski Mountaineering Guide
Rock climbing guide and instructor
Director for the American Institute of Avalanche Research and Education
PhD in chemical engineering from the University of Colorado at Boulder
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🎙️ In this episode, we talked about:
The meaning of metabolic engineering
How rock climbing has taught him to better manage risks as a CEO
His experience seeing glacier retreat has inspired his work
How DMC engineers microbes to standardize fermentation for cost-effective scale-up
The definition of “friend-shoring” and how DMC improves companies’ supply chains
Why his early work in chemical plants led him to where he is today
What he means to cross-train physically and intellectually
The pains of fast growth and techniques he uses to build culture and cohesion while growing 3x this year
Why investors care that you’re founding a company with a former cofounder
The difference between lifespan and healthspan
And lots more
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