How much money is too much? (VC Sunday School) + Climate: Andrew Beebe of Obvious Ventures | E1401

This Week in Startups

Jason Calacanis

Technology

4.4 • 1.3K Ratings

🗓️ 6 March 2022

⏱️ 58 minutes

🔗️ Recording | iTunes | RSS

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Summary

Another Sunday double-header edition! First Jason leads a VC Sunday School session on how to react when companies try and skip steps and raise larger rounds (2:51). Plus, how Pegasus (or Alicorn) companies can end up being much better investments than traditional Unicorns. Then, for This Week in Climate Startups, Molly chats with Andrew Beebe of Obvious Ventures (18:47). You will learn:

1. Andrew's focus within climate tech (electric mobility, carbon and carbon markets)

2. How Andrew's first startup exit set him up to join the solar industry

3. How contrarian bets make careers

4. The key criteria for climate investments to be good venture bets

5. How Obvious Ventures puts its "world positive" mission into practice

6. The way carbon disclosure requirements will reshape industry

7. Why Andrew recommends reading Kim Stanley Robinson's "The Ministry for the Future"

(00:00) Jason and Molly intro today’s show: VC Sunday School, TWiCS with Andrew Beebe
(02:51) VCSS: companies raising big rounds before they’re ready
(11:20) Coda - The All-in-one doc for teams, get a $1,000 credit at https://coda.io/twist
(12:38) Pegasus (alicorn) companies: flying over rounds of funding
(18:47) This Week in Climate Startups w/ Andrew Beebe of Obvious Ventures
(23:02) Wealthfront - Get your first $5,000 managed for free, for life at https://wealthfront.com/TWIST
(24:32) The first clean tech boom in the solar industry
(33:21) Embroker - Get an extra 10% off insurance for your business at https://Embroker.com/twist
(34:44) Obvious and Andrew Beebe’s investment thesis: “World Positive”
(56:54) SaaS Syndicate, Open Scouting, Remote Demo Day, angel.university

Check out Obvious Ventures: https://obvious.com
FOLLOW Andrew: https://twitter.com/andrewbeebe

FOLLOW Jason: https://linktr.ee/calacanis
FOLLOW Molly: https://twitter.com/mollywood

Transcript

Click on a timestamp to play from that location

0:00.0	Okay, everybody. It's Sunday. So that means two things. One, two things. One,
0:05.5	Molly and I are going to do VC Sunday school. And of course, this week in climate startups,
0:11.3	what do you have on deck? So today I'm asking Jason and about companies that try to skip steps
0:16.6	early on and raise large rounds maybe before they're ready. And also companies that end up
0:22.7	skipping rounds later when they're, you know, ready to do that too. It's super useful and helpful.
0:27.8	As always, I love VC Sunday school. Then I sit down with Andrew BB of obvious ventures for an
0:34.0	awesome this week in climate startups interview. It's a good Sunday show. And it's Sunday,
0:38.6	which means tomorrow's Monday. If you're listening to this and we've got a big week, I just
0:43.5	wanted to highlight how crazy things are getting over here. We're inviting a ton of people
0:47.4	on the show, Molly. Everybody's saying, yes, you and I are dividing and conquering. I had Sequoia
0:52.5	capitals legendary investor Doug Leone on the program. One of the best guests who's ever been
0:57.6	on the program. He'll be on the show this week. And I sat down again with Kyle Vote, who just
1:03.4	we took the position of CEO at Cruz. I cannot wait to hear this one. I couldn't hear it because I
1:10.0	was literally cruising back from Redwood City after my can field trip. I can't stop at the
1:15.2	puns. I want to stop. But I can't. And then I have an amazing interview coming up a week from
1:19.8	today with Taj Eldridge of include ventures, which is a fund of funds and fund. There's a lot going
1:27.5	on there, but just an absolutely remarkable founder and fundraiser who is focused on climate tech
1:33.9	and clean tech and environmental justice and racial equity and investing. It is such a good,
1:40.4	powerful conversation. And we address a thing that is very controversial on my Twitter. Unlike
1:45.5	the things that are controversial on your Twitter, which is what value BCs can really bring in
1:50.5	the climate. It's going to be a great episode today, but it's also going to be a great week. So stick
1:57.6	with us. This week in startups is brought to you by Coda. Coda is the all-in-one doc for teams.
	...

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