How to raise funding in ClimateTech - Peet Denny of Climate VC

Impact Hustlers - Entrepreneurs with Social Impact

Peet Denny, the founding partner at Climate VC, which is a new venture fund investing in climate tech ventures, and the fund is based in the UK. Climate VC is planning to actually fund a hundred startups over the next three years.
In today’s episode, we discuss how he built his company from the ground up.

EPISODE HIGHLIGHTS

• [00:55] Peet's personal background & journey
• [3:28] How the machine learning model works to track rainforest destruction
• [5:03] Climate VC journey and thesis
• [7:22] The SEISEIS fund impact on Climate VC
• [9:22] Peet's climate tech funding opinion
• [11:27] Peet's advice to climate tech founders currently fundraising
• [13:14] Climate tech startups space
• [16:05] Focusing on the promiseland not the problems
• [18:08] Biggest rules for success in funding a startup
• [20:12] Peet's Investment decision-making process
• [22:04] Managing vision & division in a startup
• [23:20] Characteristics of a great founder and team
• [25:33] Peet's 10-year vision

KEY LESSONS & QUOTES

“Being quite on top of your game in understanding where your impact is coming from. And having the long-term view of making that more and more sophisticated over time, will make it easier for you to raise money.” [12.11]
“We wanna see a team that will just roll over all of the rocks in the road without breaking the pace. Typically founders are amazing problem solvers and that's why we love them and need them in our lives. ” [16.22]
“ If a potential customer is excited about a product, then that's so much of the problem solved. ” [18:19]
“If you look at a founding team as a team and not as a set of individuals, it doesn't really matter who you are as long as you're great in some way” [24:37]
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