Over the past few months I have seen a few software companies serving the energy and industrial verticals with this head-turning profile: + $5-10M of revenue + >200% YoY revenue growth + Profitable + Sizable cash balance My first thought when seeing these companies? Wow, this scale of efficient growth wasn’t happening before. My second …
Over the weekend I asked Twitter if I should cover Joe Biden’s Climate Plan by writing a blog post, tweeting a Tweetstorm, or hosting a ZOOM call. As you’d expect, Twitter followers wanted a Tweetstorm! As you will see, I also tried to have some fun by including relevant Clark Griswold memes. 🤓👍😜 Without further …
In start-ups there is a common phrase: “being early is the same as being wrong“ That statement is wrong. Here is a correct version of that phrase: “Being early and spending like you are on-time is the same as being wrong” From an entrepreneur’s perspective: if you are passionate about a space and you want …
First thing’s first: it is pretty rare for an energy transition M&A event to be on CNBC or Mad Money- but this deal did make primetime TV and the segment can be found here) Strategic Rationale: Why Generac is now in the software business Every Wednesday at 10am my house’s Generac generator roars to life …
Today, Energize Ventures announced our latest investment. The company is Matroid, the category leader in computer vision software. Matroid plans to leverage the new funding to accelerate product development and go-to-market expansion in manufacturing, industrial IOT (IIOT), and video security markets. The Energize Ventures “Why We Invested” post can be found here. And is also …
My former company, Choose Energy, has a list of electric rates by state. As you can see, the average US home consumes 897 kWh per month. And the average electricity rate in the US is 13.26 cents per kWh. This means the average US household pays a $119 monthly utility bill. This fact won’t surprise …
Here is an incredible story about resilience and perseverance in the renewables space: A 30 year old hardware company previously overlooked and dismissed as selling a niche solar product is now growing >100% year over year with re-accelerating topline growth. The company went from $500M last year through the $1BN revenue mark in 2020… all …
A well-known banker in the space reached out after seeing a few of the Energy Transition M&A posts. We talked about the current market trends as well as likely / active engagements. Here are a few key notes from that call: 1-Potential Acquiror Market has broadened: In a recent M&A process there were >25 management …
As a front-row observer to the energy transition, I have the fortunate position to see which firms are making positive strides to enable and ride the movement. While I mostly focus on the early stage environment, I also get to see which incumbent firms are creating pivotal positions in the transition. Microsoft is one of …
Last week I wrote a post about the top 7 ways that start-ups can deliver product-driven growth. That post can be found here. I left out the 7th tip because I felt it deserved more coverage: conferences. Conferences allow start-ups to create a broader presence. And I am not talking about a closed-door, customer-only conference. …