Zero Marginal Cost Energy
Earlier this year, I published a post that was very bullish on an emerging electricity grid powered primarily by distributed energy resources (DERs) like solar, wind, and batteries. The crux of the piece was simple: decades of compounding 10-20% cost reductions present us with a world where it’s now cheaper to build new DERs than […]
The pros and cons of “digital by default”
As we all know, the pandemic has forced companies to become remote organizations virtually overnight. While some CEOs and companies cannot wait until the conditions are safe for everyone to return to the office (e.g. Reid Hastings from Netflix), others have chosen to become “digital by default.” (e.g. Shopify). Several companies in our portfolio have […]
Meet Our Mission Driven Founders
In recent posts, we’ve outlined our updated thesis around backing mission driven founders and explained why we’ve doubled down on searching for such entrepreneurs. There is no substitute, however, for letting these exceptional founders speak for themselves. In that spirit, please see the short video below highlighting a handful of our newest mission driven founders […]
Classifying marketplaces in a 2×2 matrix
In a recent Invest Like The Best podcast, the guest, who goes by the pseudonym Modest Proposal, described a 2×2 matrix for segmenting marketplace types. It’s a simple, yet very effective way to think about the differences in online marketplaces, from the original product marketplaces like eBay to the emerging services marketplaces. One axis represents […]
Why we look for mission-driven founders
We updated our investment thesis a few months ago…we invest in mission-driven founders at the earliest stages. Since that time, we’ve been asked how we define a mission-driven founder. It’s not just some vague buzzword to us, so we thought it would be helpful to provide more context on our definition of mission-driven and why it’s […]