The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch

20VC: John Doerr on Buying 12% of Google for $12M, His Biggest Investing Lesson from 30 Years in Venture & The Climate Crisis: Why Governments are The Biggest Problem and Where the Biggest Opportunities Are in Climate Investing?

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Dec 13, 2021
John Doerr, chairman of Kleiner Perkins and author of "Measure What Matters," dives into his remarkable journey in venture capital. He shares the gripping story behind investing $12 million for a 12% stake in Google and highlights the importance of timing in venturing into climate-focused investments. Doerr discusses how today’s climate investing landscape differs from 2008, the critical role of collective action in combating climate change, and his vision for sustainable innovation. His insights emphasize the need for genuine relationships in venture capital to foster real impact.
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ANECDOTE

Early Climate Investing

  • John Doerr invested in climate, the mobile app store, and the cloud around the same time.
  • Climate investments took longer to yield returns, but ultimately proved successful.
ADVICE

Focus and Portfolio Building

  • Focused funds can better serve entrepreneurs by providing specialized knowledge. Building a diverse portfolio mitigates risks.
ANECDOTE

Solar Portfolio and Enphase

  • Kleiner Perkins' solar portfolio suffered losses due to Chinese competition.
  • Enphase, a microinverter company, offset those losses, highlighting the importance of diversification.
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