The Ledger
Every statement that passed quotation and attribution checks. Mix any filter with any other: certainty 1/5, debate potential 5/5, or both at once.
why aren't all 10 resolved? a statement only gets an assessment when the public record can support or contradict it. opinions and what-ifs never can, and 0 checkable ones are still open, waiting for their date. predictions held up or didn't; assertions are supported or contradicted. on every card: ▮▮▮▮▮ certainty · ▮▮▮▮▮ debate potential. speakers are clickable
Sacca: Lowercarbon's Swedish electric airplane startup has billions in orders
“We have an electric airplane company in Sweden that even Bill Gates said was going to be impossible. It's a 35 seat plane that's got billions of dollars of cash on the barrel orders. And the majors have invested in the company because it's just cheaper to oper…”
Sacca: Removing Carbon From Any Process Inherently Makes It Cheaper
“So anytime we remove carbon from a process, it just gets cheaper. Carbon has an inherent value. It's necessary for a lot of the stuff we do, And it has a monetary value. And so any way we could take it out of building a product or running a service, we just ha…”
Sacca: Lowercarbon Capital is not concessionary; partners are largest LPs
“This is not concessionary capital. Crystal and I are the biggest investors in our fund. We are in this to make a lot of money.”
Sacca: Lowercarbon's Fund 7.81 will remove 7.81 gigatons of carbon
“We call that one 7.81 because we believe with that fund, we'll be able to pull 7.81 gigatons of carbon out of the atmosphere. And when we do so, we will reduce the parts per million in the atmosphere by one.”
Sacca: We manage for return multiples, not IRR, and avoid credit lines
“I don't manage for IRR. I manage for multiples. So we don't run a line of credit, for instance. That would be a much better way to eke out another point of IRR, but that's not how I want to run the business.”
Sacca: Lowercarbon stopped investing in carbon accounting software
“We don't really invest in carbon accounting software or anything anymore. And we realized, A, we're not that great at it. There are a lot of other people out there in the world who are better at SaaS than we are. And B, a lot of VCs came out of being locked up…”
Sacca: Free markets are the most powerful solution for climate change
“Bless the activists and everybody else who cares about it. But I actually think the market is the most powerful solution to the stuff we're doing. And I think for the very first time in my life, I can have a massive impact on the planet while also making a ton…”
Sacca: Lowercarbon team members are instructed to accept podcast invitations
“I also have this rule. If you get invited on a podcast, accept it, go on the pod. And as long as you say something that is true and authentic to yourself and accurately represents the values of our company, then you will not get in trouble for saying what you …”
Sacca: Lowercarbon opens its investment committee and memos to all employees
“The one all hands meeting we have is everyone in the company is invited to our investment committee. The lead on the deal or the co-leads on the deal present the deal, but everyone in the company has access to everything we've done. All the diligence, the deal…”
Sacca: Lowercarbon Portfolio Company Reached $120M Run Rate with 60% Margins
“We have a company that In the year, maybe three of the company was doing a hundred and twenty million dollar run rate selling a commodity, but because they make it with enzymes instead of oil and gas, they have 60% margins.”