Lowercarbon Capital

“We've got basically a billion dollars at work In the field right now”

“The multiples are already there. I think IRR is 95% right now.”

“Absolutely. I'll get way richer from this. I have multiple companies in the portfolio right now that have, like, they have a trajectory to being multi-trillion dollar market cap”

“I think we're six people now managing, you know, between the outside money and inside money over a billion dollars. At the height of lowercase, we were managing six billion dollars and we were three people.”

“In climate, we specifically make sure every deal has more than a gigaton carbon removal potential.”

“Our comp plan probably runs six to 10 times what the industry standard is”

“And so it turns out right now, our LP portfolio of diverse managers is running about a two and a half X.”

“I can assure you it is much, much more near term than 30 years imminent, maybe now, who knows, but it's been fucking fascinating to see these accelerating curves”

“And our organization will only hire people who have had shitty jobs, who've had service jobs, who've worked extremely hard for some point in their life, and who appreciate that the worst day of being a VC doesn't begin to compare to the worst day of working in…”

“And so far we have four other firms who are going to follow us along and start giving more access, whether it's donated interests or it's, or no fee, no carry exposure to HBCUs to start participating in this ecosystem more meaningfully.”

“A company, Solugen, industrial chemicals using enzymes instead of petroleum. Yes, their first VAT cost a lot of money, but they now are, you know, I don't know if I'allowed to say, but their run rate is ridiculous. Like, I'll fucking say it, like, nine-figure …”

“You know, I deeply respect all the work you've done in the space, but you sound like someone who hasn't visited the lab in a while, because that's not where it is, and I can't preempt any announcements coming from any of our companies, but I can assure you it'…”

“Absolutely. I'll get way richer from this. I mean, we have, I have multiple companies in the portfolio right now that have the very like they have a trajectory to being multi-trillion dollar market cap.”

“Guilt and shame aren't going to change behavior at scale. The only thing that's really going to get us there is offering people something that's better, cheaper, faster, cooler, sexier, easier to use, easier to maintain.”

“And so we see this happen with, like, a company, Solugen, who's making industrial chemicals using enzymes instead of petroleum. These guys, like, they're, yes, their first VAT cost a lot of money, but they now are, you know, I don't know if I'allowed to say, b…”

“So by the way, I mean, our comp plan probably runs six to 10 times what the industry standard is because I want everyone to materially, I want this to be a life-changing event.”

“We in our organization will only hire people Who have had shitty jobs, who've had service jobs, who've worked extremely hard for some point in their life, and who appreciate that the worst day of being a VC doesn't begin to compare to the worst day of working …”

“The multiples are already there. I think IRR is 95% right now, and so so we're already getting fucking rich doing it”

“We in climate, we specifically make sure every deal has more than a gigaton carbon removal potential.”

“For HBCUs, we would do no fee, no carry.”

“And our organization will only hire people who have had shitty jobs, who've had service jobs, who've worked extremely hard for some point in their life, and who appreciate the worst day of being a VC doesn't begin to compare to the worst day.”

“In fact, I've had general catalyst, true ventures, tribe, lower carbon that have come in after me after I've said yes and have not altered the terms of those rounds.”