Who are impact venture capitalists and how does this create a new category in the venture capital industry? In this episode, Nancy Pfund, in the parlance of our times, is a legit pioneer of this new category of venture capitalist in Silicon Valley and beyond.
“We invest to drive social, economic and environmental progress in the regions and sectors in which we invest” – Nancy Pfund
3 Things We Learned
- Elon Musk a superhero?
He is a very hardworking super intelligent, idealistic in his own way
he is the kind person that can inspire people to drop what they're doing and help save the world.
- Impact Investing
(Nancy Invested in three of his (Elon Musk) companies:
Tesla, Solar City & Space X)
"someday ... if your only investing for financial gain people will say to you "well that's not good enough you have to do more than that"
- What does the world will look 25 years from now?
Transportation is electric, autonomous driving, better transportation, less pollutive plants. a cost-effective future.
on the financial side, people will expect that they are getting more out of their investment dollar than just a financial return, they will see what else they've been able to accomplish from that and this will be the norm, not the exception.
Nancy E. Pfund is Founder and Managing Partner of DBL Partners, a venture capital firm whose goal is to combine top-tier financial returns with meaningful social, environmental and economic returns in the regions and sectors in which it invests. Nancy is also the Founder of DBL Investors. As a leading player in the growing field of impact investing, DBLhas helped to reveal the power of venture capital to promote social change and environmental improvement, and Ms. Pfund writes and speaks frequently of impact investing.
Ms. Pfund is the author, along with Benjamin Healey of the widely cited report on the history of U.S. energy subsidies entitled, “What Would Jefferson Do? The Historical Role of Federal Subsidies in Shaping America’s Energy Future”, co-authored with Michael Lazar, “Red, White & Green: The True Colors of America’s Clean Tech Jobs”, co-authored with Noah Walker, “Ask Saint Onofrio: Finding What Has Been Lost in A Tale of Two Energy Sources”, co-authored with Anand Chhabra, “Renewables Are Driving Up Electricity Prices: Wait, What?”, and co-authored with Kristofer Holz, “The 2017 Inauguration: Empowering a Clean Energy Nation”.
Ms. Pfund received her BA and MA in anthropology from Stanford University, and her MBAfrom the Yale School of Management.
Follow Nancy on Twitter @NancyPfundDBL.