#129 A Decade of Energy Investing, Impact Investment Hurdles, & Launching a 2nd Fund w/ Jason Blumberg (Earth Foundry)
Oct 15, 2023
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Jason Blumberg, a seasoned ClimateTech and energy investor, discusses building a company, expanding thesis and launching new fund, and the future ClimateTech industries. The podcast explores Earth Foundry's expansion into other areas of climate tech and Jason's wide array of knowledge in the energy space.
Entrepreneurs need a deep understanding of their market and competition to disrupt the market with their product or innovation.
Building a successful team requires hiring individuals who align with the company's vision and making necessary changes as the company evolves.
Deep dives
Know the market landscape and future trajectory of your product
Entrepreneurs should have a deep understanding of their market and how their product or innovation compares to both current and future competition. It is important to understand the long-term value proposition and how it can disrupt the market.
Build a strong team and adapt as needed
Entrepreneurs should approach building their team like a sports team, ensuring they have the right players in the right positions as necessary. It is crucial to hire individuals who align with the company's vision and have the necessary skills to contribute to its success. Being adaptable and willing to make changes to the team composition as the company evolves is also important.
Listen to feedback and be willing to evolve
Entrepreneurs should actively seek feedback from investors, mentors, and industry experts to understand why their product might not be meeting market needs or expectations. Being open to feedback and iterating on the product or business model based on the feedback received can increase the likelihood of success. Perseverance is important, but it should be balanced with a willingness to make necessary changes for improvement.
Why you should listen: **How to succeed in building your company from a seasoned ClimateTech and energy investor **How to successfully expand your thesis and launch a new fund **Learn the best ClimateTech industries of the future
Show notes: In this episode, Silas Mahner (@silasmahner) & Somil Aggarwal (@somil_agg) speak with Jason Blumberg from Earth Foundry. Earth Foundry came out of Energy Foundry, who after a successful decade of investing in energy technologies is expanding its scope to other areas of climate tech.
Jason Blumberg is the co-founder and Managing Director of Earth Foundry. As a former consultant and founder in the energy space, he has sat on many boards and has a wide array of knowledge about energy and beyond to share with us.
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