Alternatives to VC in ClimateTech - Erin Davis of Enduring Planet

Impact Hustlers - Entrepreneurs with Social Impact

In today's episode, I speak to Erin Davis, co-founder, and COO of Enduring Planet, which is a revenue-based financing platform for climate tech startups. The platform allows climate tech companies to raise funding without dilution, without giving away equity, and without any personal guarantees and collateral.

EPISODE HIGHLIGHTS

• [00:45] Erin’s Personal Journey
• [06:49] What Enduring Planet is all about
• [09:13] How Enduring Planet lets founders do what they do best
• [11:13] Enduring Planet's Value Proposition to Investors
• [13:57] How Enduring Planet implements diversity & inclusion into their product
• [15:07] Key requirements for founders to get funding from Enduring Planet
• [17:21] Erin's take on the Macro Environment
• [18:54] Types of companies Enduring Planet invests in
• [20:08] Biggest challenges Erin faced as a first-time founder
• [21:24] Advice for founders in the current climate tech environment
• [22:56] Changes in the fundraising environment
• [24:36] Enduring Planet's funding framework
• [26:21] Enduring Planet's 10-year vision

KEY LESSONS & QUOTES

• "I'm not really scared of failing and if I did, I know I'd land on my feet & find something else to do" [06:27]
• "There's fewer impact in climate-focused investments that are a fixed income return" [11:39]
• "As a first-time founder, don't get bogged down in too many details. Done is better than perfect" [20:34]
• "Ultimately, investors invest in people. If you have that passion & drive to move something forward, they're willing to trust that." [21:14]

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