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The world is getting warmer while our infrastructure gets older: a recipe for disasters.
We’re excited to announce Fund II: $85M for early stage investments in disaster resilience.
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Bill Clerico
7,546 posts
Bill Clerico
@billclerico
Working on disaster resilience @convectivecap, @DisasterproofHQ & @redskysummit. Early investor in 75+ companies. Former CEO @wepay (acq @jpmorgan)
- We are going to spend $4 billion dollars decommissioning a nuclear plant that is 26% of California’s carbon-free energy, which costs 40% less than power we buy from other providers and has a risk of failure of less than 1 in 7 million years 🤯😭😤
- Of course that's your contention. You're a VC associate turned wildfire expert, just got done reading some American Dynamism, probably @pmarca? Next, you'll be talking about the 2014 water bill, the smelt and blaming Newsom til you realize...
- The most timeless fundraising advice I've ever gotten comes from @paulg: if you want to know if a VC likes you, look down at your hands. If you are holding a term sheet, they do. Otherwise they don't.
- Today we're announcing @convectivecap 's debut $35M fund to invest in wildfire startups! 🔥 link.medium.com/0C9wmNAkVtb A thread👇
- If we really wanted to get stuff done & win as a country, center right and center left would band together and cast off the hard left/right crazies. I don’t think center left and center right are that far apart relative to the distance from each to their own extreme flanks.
- How to solve wildfire: 1) Forest & fuel management (need to 100x what we do now in terms of acreage per year) 2) Rapid detection & initial attack (camera + satellite detection with <10 minute drone suppression response) 3) Home & community hardening
- VCs calling companies “zombies” feels really disrespectful to founders and teams. Those of us who have built companies know how hard it is to grow consistently without dips along the way. Maybe opt for less time throwing shade on twitter and more time helping your portfolio.
- It is surprisingly hard to grow from $1m ARR to $5m ARR. Requires true PMF, a repeatable leadgen & sales process, raising ACV significantly and the leadership & team to execute all this. It's a real shift in mindset from what's required for $0 to $1m ARR.
- Replying to @billclericoin all seriousness - glad to see all the new voices, energy and ideas in solving wildfire, some of which are much needed and many of these topics are long overdue. excited to have so many new folks engaged, and I hope it lasts belong wildfire being The Current Thing
- Replying to @billclericomunicipal water systems aren't built for the simultaneous demand and pressure drop seen in urban conflagrations and reservoirs have no bearing. Then you'll be recommending @watchdutyapp to your LA @sohohouse buddies and did they know it was #1 in the app store and a nonprofit?
- As a founder your mental model for 95% of VCs should be that they are trying to maintain optionality to invest while they wait for more information and make up their mind. The best 5% come to their own conclusions on a clear timeline and communicate clearly.
