First up is a VC Sunday school where Jason discusses what investors mean when they say “we are interested in investing, but come back when you found a lead” (1:51). Then, we tease Molly’s EV review of the Audi e-tron Sportback (20:42). To wrap, Molly does a This Week in Climate Startups segment with Seth Bannon (recorded on 2/9/22), a founding Partner of Fifty Years, a Venture capital firm investing in climate solutions (34:12). You will learn:
1. The convictions that unpin Fifty Years’ investment thesis
2. Why Seth thinks VC has lost his way
3. Why increasing longevity could be a net-positive for climate
4. How Fifty Years measures impact of their investments
5. How Seth evaluates the potential negative externalities of his investments
6. How his PhD to VC program works
Jason and Molly begin this double-header Sunday show with a VC Sunday School segment on top-tier VC behavior (01:38). You will learn:
1. How first-tier VCs compare to second-tier VCs
2. When VCs should intervene in a portfolio company
3. The difference between micromanaging and good governance
4. Jason’s framework for ensuring alignment: Mission, Plan, Strategy, Tactics
5. Why good Board Members remain calm and positive
Then, Molly is joined by Mike Lin from Dangerous Ventures for a This Week in Climate Startups segment (22:00). You will learn:
1. What Mike learned from working at Makani Power (acquired by Google X)
2. The potential of “muscle-powered” energy and its limits
3. Lessons from the failed Potenco generator & One Laptop Per Child project
4. How Mike got himself fired from Apple for insubordination
5. Why Dangerous Ventures is backing “Dunkirk” climate solutions
John Doerr of Kleiner Perkins joins to discuss his lessons from a career of investing and his new book “Speed & Scale: An Action Plan for Solving Our Climate Crisis Now,” alongside his co-author Ryan Panchadsaram.
But first, Jason gives a 10-minute crash course on how to navigate messy cap tables in our latest VC Sunday School segment (1:54).
Then John and Ryan join Molly and Jason for a conversation (15:11). In this episode, you will learn:
1. The six objectives and four accelerants to reach zero emissions by 2050
2. Why Nuclear power is an important part of the plan, but cannot be the only solution
3. The biggest blockers to rapid climate progress and why “the climate crisis is under-hyped”
4. Hard-won lessons from funding solar companies
5. How John assesses founders and develops conviction to invest
6. Indications John saw that Jeff Bezos was an exceptional entrepreneur
7. Where investors should focus to drive the biggest output
First, Jason teaches Sunday VC School: how investors work together (01:54). In this segment you will learn.
1. How collaboration varies across investing stages.
2. How lead investors are determined and what their responsibilities are.
3. The strategies you can use to win deals (Jason explains the pitch he gives to founders with options).
4. The warning signs to watch for when working with other investors.
5. Tactics founders can use for lower-friction fundraising.
Then, Molly chats with Ramez Naam from Prime Movers Lab in a This Week in Climate Startups segment (35:10). They discuss the declining costs of renewable energy, making the choice between advancing existing technologies and inventing new ones, how science fiction can make you a better investor and more.
Welcome to our new Sunday show. Each episode will have two segments, Sunday VC School and Climate startups. First, Jason and Molly discuss early-stage investing including, Jason’s valuation vs. traction matrix (1:44) and developing a BS detector (23:03). Then Jason introduces Molly’s new climate segment (27:15) and then Molly interviews New Energy Nexus CEO Danny Kennedy (33:38). They discuss what Danny looks for in clean energy investments(37:03) and more!
Valuation vs. Traction Matrix: https://calacanis.com/2019/03/30/the-valuation-vs-traction-matrix