Q3 2020 Portfolio Review
It’s hard to believe that it’s already October and time to recap another quarter. While we are all focused on staying safe (whether from Covid-19 or an unprecedented fire season), we are also looking ahead – working hard to build great companies and hopeful for 2021! As we do at the end of every quarter, […]
Announcing our investment in Patch, a platform for negative emissions
Few launches have been as timely. Over the past month, those of us on the west coast have been dealing with forest fires… if anyone ever doubted climate change, let us be the first to tell you that the orange, fiery, smokey skies and the ash raining down from it are all very real. At […]
The Solar-Bitcoin Convergence
I’ve spent the majority of the last decade working in two fields: solar energy and cryptocurrency. At first blush, these may seem pretty different. In my mind, however, they have a lot in common and are converging by the day. Both are based on principles of decentralization. Both are disrupting antiquated, opaque industries with large […]
The Energy Revolution is (Finally) Here
It’s been exciting to see so much renewed investor interest in climate tech and clean energy startups. As Peter Thiel documented in detail, the last wave of late 2000s cleantech VC excitement ended in a trough of despair as many of the more well-funded companies went bust (with the notable exception of a few big […]
Announcing our investment in Uniswap, the leading decentralized crypto exchange
We are very pleased to announce our investment in Uniswap, the leading decentralized crypto exchange. We participated in the $11m Series A raise, alongside our friends at a16z, USV and Paradigm. Exchanges have been the most important piece of infrastructure when it comes to building out crypto networks. The first generation of exchanges were centralized […]