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The Renaissance of American Manufacturing
The energy transition comes to blue-collar labor in a big way
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When in doubt, spin out
The energy transition promises to be an opportunity for businesses to create generational returns. Thanks for reading Sustainable Returns! Subscribe for free to receive new posts: That opportunity isn’t exclusive to startups or private businesses - big business wants in on the action too. In just the last 12
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Private Equity's New Venture Debt Strategy
The IPO market is on track for its worst year in two decades. The largest venture capital firms are now in a perpetual state of fundraising. The mega multi-strategy firms are recording record inbound cash flows and looking for new places to invest record returns. Put these trends together and
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What can Adam Neumann teach us about climate tech?
One of the most important lessons for new climate tech investors and a trap we’re all capable of falling for
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A Big Win for American Consumers and Manufacturing
The Inflation Reduction Act Delivers Savings for Consumers and Keeps American Manufacturing Strong
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No Need to Speculate, Sustainability is Here to Stay
Thanks for reading Electrified! Subscribe for free to receive new posts and support my work. Since the beginning of the year, the carbon credit market has been on a turbulent ride that reflects the public stock market. The underlying assumption by speculators seems to be that as earnings weaken and
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Analyzing Climate Tech Software Exits
Since 2018, 244 software companies focused on sustainability tech or the digitization of critical infrastructure have been acquired. This includes companies in climate tech, drones, robotics, supply chain tech, cybersecurity, and sustainability. Thanks for reading Sustainable Returns! Subscribe for free to receive new posts once per week! One large shift
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When Cash Becomes a Moat
All cash spending doesn't create equal results. Legendary executives are the ultimate capital allocators as illustrated in William Thorndike's The Outsiders. But, for the better part of the last decade, capital has been a commodity in the private markets. Startups easily raised capital with even the
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Margins Matter.
"When we acquire a company, we care more about margins than growth." - Fortune 500 CSO By now, we know the days of growing at all costs are gone - at least until they're back again at the top of the next cycle. But for startups
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5 Stocks Weathered the Great Recession Better Than Most, What Can We Learn?
All stocks are not created equal, some emerge from downturns stronger than they entered them. The performance of high-growth tech stocks over the last 6 months has led some to wonder whether we're in a recession like the dot-com bubble of 2000 or the Great Recession of 2008.
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VMWare, a sign of things to come?
This week, Broadcom announced it would acquire VMWare for $70B, the largest acquisition in software history. Surprisingly, the acquisition comes amidst the biggest market correction since 2008 and one that might look like the dot-com bubble of 2000-01. It's hard not to speculate if this acquisition is a
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Rule of 40 Rules All
Since 2018, YoY revenue growth has been the primary metric explaining public market software valuations. Now, the "Rule of 40" is the predominant driver, signaling that efficiency matters more than ever. For those of you not familiar with software metrics, the "Rule of 40" is a