Watch Environmental Entrepreneurship Over Non-Profit Online
How much is this to make money for your investors, and how much of it is your passion? Is it a combination of both? You could have set this up as a nonprofit. Jesse Fink: Right. Steve Blank: Hopefully, it won’t be one. Jesse Fink: Yes. Like you, Steve, and like everybody here, I'm an entrepreneur. I'm a screaming entrepreneur. I feel like the environmental problems are so huge. The only way they're going to be solved is getting the capital markets engaged. Steve Blank: By capital markets, you mean not Sand Hill Road. Jesse Fink: No. Sand Hill Road is very engaged. Steve Blank: Right. Jesse Fink: It is beyond Sand Hill. Steve Blank: Beyond Sand Hill. Jesse Fink: It's getting the bond markets. Sand Hill Road is excellent in supporting and promoting early-stage venture firms, later-stage, but private equity firms, the whole debt markets, the whole bond markets. We look at all the different asset classes from equity to bonds to real estate, and look at all the asset classes, and as a firm, try to figure out how each of those asset classes can be reoriented so that they make excellent investments in the transition to a low-carbon economy. We are as far from a nonprofit. We work with non-profits, and support non-profits in every way we can, but non-profits are there to push the policy and push the solutions. What needs to happen on the other side is there needs to be business, and there needs to be solutions. What we like to think that we are doing is accelerating the solutions and catalyzing the solutions so that the capital markets can be unleashed and solve the problems in a quicker way than they would have otherwise. Steve Blank: So what you just said is you're betting you can make a pile of money for your investors doing the right thing. Jesse Fink: Hopefully, it's not a bet. I should start by saying I'm an investor and a pretty significant investor. I go to work everyday and I'm there because I believe that we are go...