Raising a VC fund in public + Brilliant Planet's Raffael Jovine on the power of algae | E1552
This Week in Startups
Jason Calacanis
4.2 • 1.4K Ratings
🗓️ 4 September 2022
⏱️ 66 minutes
🧾️ Download transcript
Summary
On VC Sunday School, J+M discuss why Jason is planning on raising LAUNCH Fund IV in public! (2:38) Then, Raffael Jovine joins to discuss how Brilliant Planet is growing algae and using it to sequester carbon (39:25)
(0:00) Teeing up today's topics
(2:38) J+M discuss Jason's plain to raise LAUNCH Fund IV in public
(10:44) OpenPhone - Get an extra 20% off any plan for your first 6 months at https://openphone.com/twist
(12:18) LP relationships, partner capital requirements, and more fund talk!
(20:16) Odoo - Get your first app free and a $1000 credit at https://odoo.com/twist
(21:42) Teeing up Molly's interview plus an ESG chat!
(38:10) MasterClass - Get 15% off an annual membership at https://masterclass.com/startups
(39:25) Raffael Jovine joins Molly to discuss how Brilliant Planet is growing algae and using it to sequester carbon
Check out Brilliant Planet: https://www.brilliantplanet.com
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FOLLOW Molly: https://twitter.com/mollywood
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Transcript
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| 0:00.0 | Welcome to Sunday. Get your coffee, get your latte, have a bagel, relax, put your |
| 0:06.2 | AirPods in, your Google Pixel Buds, your Air Max Pro Plus over the year or whatever jams, |
| 0:11.4 | whatever you're into, and relax. You're into and enjoy. VC Sunday School, we're going to talk |
| 0:16.7 | about raising a fund in public 506C is our topic today. Yep, if you are a fund manager, |
| 0:24.6 | a brand new VC, I'm just trying to understand how the LP relationship works. If you're |
| 0:29.5 | a potential LP, this is a super interesting conversation. And of course, it's Sunday, so it's |
| 0:38.4 | this week in climate startups. Molly is going to interview the founder and chief scientist of |
| 0:43.0 | brilliant planet. What do they do, Molly? Give people a look at this. This is so interesting. This |
| 0:48.1 | is a company that is figuring out how to grow algae in ponds. They use seawater to create the |
| 0:53.5 | perfect conditions for big algae blooms, not the dangerous kind, but big algae blooms, which are |
| 0:59.2 | evidently massively more efficient at sequestering carbon than trees. So sequesters carbon, they dry out |
| 1:07.9 | that algae, they bury it and sequester all this carbon, giga tons, by the way. They're literally |
| 1:12.2 | talking about two giga tons of carbon, which is a massive scale. Once they get there, they raise |
| 1:17.6 | $25 million and they're going to make money by turning all of that into high quality carbon offsets |
| 1:22.0 | and telling it on the open market. And in between the two segments, we have a big conversation |
| 1:25.0 | about ESG and like you do, climate denial. It's like a little 20-minute detour, but you're going to |
| 1:29.5 | love it. It's going to be a great show. It is. Stick with us. This week in startups is brought to you by |
| 1:34.6 | OpenPhone. As a startup founder, a lot of mistakes are easy to roll back, but using your personal |
| 1:40.6 | cell phone number as your company number isn't one of them. OpenPhone makes it easy to get business |
| 1:46.0 | phone numbers for you and your team. Right on top of your existing devices, visit OpenPhone.com |
| 1:52.6 | slash Twist to get 20% off your first six months. ODO is a fully customizable and fully integrated |
| 1:59.8 | suite of business apps that lets you build and scale your stack as you build and scale your business. |
... |
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