Nancy Pfund

Founder & Managing Partner, DBL Partners · 1 appearance on the record.

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investorfounder@NancyPfundDBL ↗dblpartners.vc/people/nancy-pfund ↗

Nancy Pfund is a pioneer of double bottom line venture investing, backing companies designed to deliver market-rate financial returns alongside environmental and social impact. She is best known as an early investor in Tesla and SolarCity, and has backed companies including Pandora, Farmers Business Network, and The RealReal.

11statements → 5claims → 3claims resolved → 100%fully supported → 3.91/5average certainty → 2.45/5average debate potential →

3 supported 0 partly supported 0 contradicted 1 not yet assessed 1 not checkable as stated how the 5 claims stand · each chip opens the sources

1 prediction · 4 assertions · 3 opinions · 1 insight · 1 disclosure · 1 what if · every statement was checked. The prediction and assertions are the 5 claims: statements the public record can support or contradict. 3 are resolved, 1 is not yet assessed, and 1 names no date, number or outcome precise enough to check. Everything else (opinions, insights, what ifs, disclosures) can never be settled by the record, so it carries no assessment.

The record, in short

What the tape says about how Nancy argues and how the claims held up. Everything they said, and everything said about them, is in the tabs below.

Their most notable supported claim

Assertion Supported

Pfund: Global oil and gas subsidies reached $7T in 2022

“So it does, 3.5 trillion is, is a huge accomplishment, and it We're so grateful for it, but it is dwarfed by the seven, seven trillion dollars in twenty-twenty-two that the oil and gas industry has in subsidies.”

Nancy Pfund Oct 16, 2023 ▶ 7:45 Investors riff on the new era for climate investing

What they said11 Episodes1

Everything Nancy Pfund said on the Green Blueprint that made the record, most notable first. Filter by type, assessment or year in the ledger →

Prediction Not checkable as stated

Pfund: Cost Declines for Newer Clean Tech Won't Match Solar's

“I predict that the cost decline in these newer technologies will not be as impressive. That 10 years from now, we will not see .”

Nancy Pfund Oct 16, 2023 ▶ 33:45 Investors riff on the new era for climate investing

Disclosure

Pfund: DBL passed on all hydrogen deals to invest in Tesla

“We didn't do any. We decided to go for batteries in electric vehicles, so we invested in Tesla.”

Nancy Pfund Oct 16, 2023 ▶ 37:45 Investors riff on the new era for climate investing

What-if

Pfund: Tesla Could Not Go Public in Today's Market

“When Tesla went public in, you know, the Model S didn't come out until, I mean, there were no real cars there. That, that wouldn't happen today.”

Nancy Pfund Oct 16, 2023 ▶ 54:09 Investors riff on the new era for climate investing

Assertion Supported

Pfund: Global oil and gas subsidies reached $7T in 2022

Nancy Pfund Oct 16, 2023 ▶ 7:45 Investors riff on the new era for climate investing

Insight

Pfund: Climate tech is not SaaS and requires policy and advocacy integration

“It, it's not just a technology game. This is not like investing in SaaS or you know, a traditional tech profile. You have to weave your technology into a broader framework that really matters, and that means engaging across policy, technology, investment, and …”

Nancy Pfund Oct 16, 2023 ▶ 14:41 Investors riff on the new era for climate investing

Opinion

Pfund: Electric Hydrogen has not proven itself yet

“Well, I would argue that Electric Hydrogen has not proven itself.”

Nancy Pfund Oct 16, 2023 ▶ 24:24 Investors riff on the new era for climate investing

Opinion

Pfund: Precision spraying cuts pesticide use by 80%, threatening chemical makers

“There's now precision spraying of pesticides so that you use 80% less. I mean, it's really an existential threat for the pesticide industry when these new spraying arms.”

Nancy Pfund Oct 16, 2023 ▶ 43:25 Investors riff on the new era for climate investing

Assertion Supported

Pfund: If wildfires were a country, they'd rank fourth in carbon emissions

“And the fires of twenty-twenty in our state wiped out 15 years of progress, and if wildfires were a country, they'd be ranked number four behind China, U.S., and India in terms of carbon emissions.”

Nancy Pfund Oct 16, 2023 ▶ 47:26 Investors riff on the new era for climate investing

Opinion

Pfund: Public Markets Will No Longer List Unprofitable Climate Tech

“You don't have public markets now that will take a company public that doesn't have earnings. I mean, and a lot of these companies did not have earnings when they went public.”

Nancy Pfund Oct 16, 2023 ▶ 34:18 Investors riff on the new era for climate investing

Assertion Supported

Pfund: Reaching Wildfires 15 Minutes Earlier Saves Hundreds of Billions

“The Moore Foundation in San Mateo County, where you used to live, which experienced A very major fire a few years ago. They did a study showing that for every 15 minutes that you get to a fire, 15 minutes earlier, you save billions of dollars, hundreds of bill…”

Nancy Pfund Oct 16, 2023 ▶ 48:15 Investors riff on the new era for climate investing

Assertion Not publicly verifiable

Pfund: ADM paid $8M to low-carbon farmers in six-month FBN pilot

“ADM is the largest grain buyer on the planet. And they are, in the last six months with FBN, they paid eight million dollars to farmers who grew their crops with less carbon, and it was just a pilot”

Nancy Pfund Oct 16, 2023 ▶ 43:54 Investors riff on the new era for climate investing

Appearances (1)

Episode	Date	Speaking time
Investors riff on the new era for climate investing	Oct 16, 2023	16m

Nancy Pfund

The record, in short

Their most notable supported claim

Appearances (1)

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