First Order Principles… Investing in Sustainable Ventures: My 2025 Additions 5 Jan 20264 Jan 2026 In 2025 I continued adding startups to my existing portfolio of innovative and sustainable companies. I also managed to reinvest in some of my portfolio companies (Ixorigue, Wily). Additionally, to…
Rules Emerging Managers in VC: Balancing Reserves and Returns 6 Feb 20254 Feb 2025 I read the article Dirty Secret: Venture Reserves are Not Always a Good Thing. It inspired me to do some research on the success rate of VCs who keep reserve…
Basics… Uncapped SAFEs 21 Aug 202321 Aug 2023 I have recently been offered the opportunity to invest in a YC cleantech startup, alas via an unpriced SAFE. Pursuant to my personal investment rules, I don't fund uncapped SAFE…
Exit… Managing portfolio maturity: tips for successful outcomes 3 May 20233 May 2023 Some of the impact startups in my portfolio have reached maturity, i.e., are now offering more liquidity opportunities, while their growth has slowed down. It's a tough spot to be…
Climate Change… FoodTech investment thesis 29 Mar 20235 May 2023 After my previous investment in Procens, a black soldier-fly (BSF) startup located in Argentina, I have recently invested in my second FoodTech company, Softseaweed, a startup offering software and IoT…
Basics… Building unicorns 12 Apr 202222 Mar 2022 For early stages investments, this is more art than science, nevertheless, there are some common traits that can be easily identified for founders of startups that can go from Zero…
Climate Change… 5 Climatech questions 15 Feb 20225 Feb 2023 Existing sources of greenhouse gases How much greenhouse gas is emitted by the things we do? Cement, steel, plastic31%Electricity27%Plants, Animals19%Planes, trucks, cargo ships16%Heating, cooling, refrigeration7% A framework to analyze climate…
Basics… An exit and two bankruptcies 18 May 202115 May 2021 Investing in startups entails an emotional ride. That is why you need to have an investment framework to validate your decisions and curtail your emotions. I will recount the lessons…