That's obviously a conversation that we navigate with founders, where we say, "Hey, we're going to support you from the Shared Future side, but maybe Collaborative's seed fund can invest now." Tweet <> Embed @ Email Report. ABOUT INC. There's four criteria we screen for; determination to tackle the problem of climate change, ambition to work on the most impactful solution areas, optimism that we can make a dent and we're not wasting our time for trying, and a collaborative spirit. This is Jason Jacobs, and welcome to My Climate Journey. I think that's a great framing, the blankie. Theyre looking at the LED lighting knowing that its better for the environment but kind of embarrassingly grab the incandescent lightbulb instead. We're hoping that we can co-invest with you on a bunch more stuff too, so appreciate you doing this. He currently holds a board seat or board observer seat in several pioneering climate focused companies, including: Brimstone Energy, Dandelion Energy, Kula Bio, and Quaise Energy. Typically, what stage are you coming in? I think that's how you described it. So in total, it's about a $10 million fund. This is a dedicated vehicle with goals that extend beyond just purely financial goals, but more like, how do we catalyze just more people working on climate? . But as it exists today, we're trying to be almost intentionally open-minded as it relates to this. Collaborative Fund uses 2 email formats. And so we work with the managing directors of Activate to say, "Hey, once a company has met those milestones, they are then eligible for Shared Future funding. Got it. Now, I thought this was interesting and wanted to learn more about it, so I was grateful that Craig and Tomas made the time to come on the show. Great. Description. Yeah, yeah. Structurally, if you look at our limited partnership agreement, it's kind of plain vanilla, much like most venture firms, but for example, our first fund, we've extended beyond the period, the normal period, the 10-year period, because there's still a handful of companies in there that are plugging away. Candidly, were not fully qualified to diligence some of those deeptech companies. So I thought there was a big opportunity at the intersection of those two. It's a programmatic fund, and in 2022 alone, they aim to make 100 investments of 100K, and to give a decision within 10 days of application. As a firm, were asking ourselves what were trying to quantify? How do you get comfortable with the high capital and technical risk vs return? The largest investor in it has a mandate to invest in climate, and not for-profit necessarily, so it gave us a ton of flexibility to think about how to structure it. I remember when we invested in Ripple Foods, one of the key things that they touted was how much less water and how at the time, almond milk was a thing. Craig Shapiro, Collaborative Fund: Profile and Biography - Bloomberg Markets For Customers Bloomberg Anywhere Remote Login Software Updates Manage Products and Account Information Americas EMEA. If you'd like to learn more about the journey, you can visit us at myclimatejourney.co. your limited partners). At any rate, if you want to learn more, you can go to myclimatejourney.co, the website, and click the become a member tab at the top. I think one thing to point out is the feedback loops are really long from a financial returns perspective, I mean crazy long. But also, that as a founder, you need to hit the wave at the right time and we were a bit early. 186,604 followers. I also do think in this environment, where the economy is really volatile and raising money is increasingly becoming challenging, it makes me even more proud to have a vehicle where people can just fill out a simple application and get money within 10 days. I think it's awesome what you're doing. Which before getting into venture, I was like, "Vintage? 3mo. Whats your framework for exploring this space? Some friends roped me into it, and I quickly became obsessed. Yeah, I think there are a bunch of folks. Venture Investor. It's talent, it's capital, and it's customer intros. Note, that is .co, not .com. I don't know. LP: Chris Cerf. We're excited to participate in this program and to stay in touch for future rounds." And you've talked about impact in a subjective way of, are you proud of it versus just strictly gigatons or something like that, and I get that. We want to provide catalytic capital, and we want to develop it as quickly as possible because there's a timeline, that we have a covered budget and we need to hit it and we need the best solutions to scale quickly. Because its more collaborative, firms can start to rely on the strengths and weaknesses of the syndicate. As a result of that, I decided to take a step back. Now, that being said, I've been seeing them getting more and more active in climate. And so what I think that creates is a vacuum of uncertainty, and a lot of us in this community want certainty. Everyone wants help getting smarter around industries and materiality. Well, and what I was going to say is, Jason, I think at the simplest thought, and this truly is oversimplifying what are two incredible institutions, but I think the reason we're excited about YC is they do a fantastic job of attracting and identifying great talent. A lot of people talk about how the next trillion dollar opportunity will be in climate tech. It's going to change. If you're raising money for real estate, you can point to buildings. Venture Investor Overview. And if so, how did you address that or how would you address it if it came up? Craig Zelizer, Twitter: @CraigZelizer Craig is the Founder and CEO of PCDN.global one of the world's leading platforms connecting changemakers in diverse sectors to opportunities around the world. When we look at the success metrics, it needs to be sustainable from a financial perspective i.e. By submitting, you agree to receive donor-related emails from the Internet Archive. We at Collaborative are also a bit contrarian in that we look for fringe areas to invest. Jason Jacobs (00:02:16): By using wefunder.com, you accept our Terms & Privacy Policy. Craig Shapiro Founder & CEO Morgan Housel Partner Lauren Loktev Partner Bryan Chang Principal Sophie Bakalar Principal Taylor Greene Partner Report incorrect company information Key Executive Tracking Lorem ipsum dolor sit, amet consectetur adipisicing elit. Wonderful discussion, and I'm excited to bring it to you. That led us to brainstorm and think of ways to do it outside of our flagship fund. And if so, we don't really care what other people think, honestly. But we definitely see these as two-way partnerships, where we then help their companies succeed and grow over time, and less so as us purely outsourcing the diligence work that we otherwise would've done. You don't have X, Y, or Z credential." One thing that I've said in the past jokingly, but I think there's an element of truth to it, is that food was kind of a gateway drug for us into climate, that our early investments in Sweetgreen, in Beyond Meat, in Ripple Foods and others were really just the start of what ultimately pulled us much deeper into the space. And the third is, if you're an innovation hub, say you work at Third Derivative, folks that we're in touch with now, or at any of these other incredible accelerators that are identifying talent, and you think you could be a potential partner for Shared Future, please do reach out for us. One thing I should mention is that part of Shared Future's, part of the genesis behind Shared Future is a bet on this cohort or this vintage, something that people talk about in the venture world. free lookups / month. Yeah, I'll briefly share a bit of how I got here and why I'm working on Shared Future with Craig. This material may be protected by copyright law (Title 17 U.S. Code). In this episode, Craig talks about his views on the future of consumption, how to court and land awesome LPs like Pharrell, and how your company's values can be used as a weapon. This is his Emerging Manager interview. Craig Shapiro is the Founder and Managing Partner of Collaborative Fund, a venture capital fund investing at the intersection of for-profit & for-good. What is Collaborative Funds investment thesis and mission? We did, at the request of YC, we attached an MFN. We're starting to think through what are the questions that we have to ask that will enable us to make decisions really, really quickly and with the least amount of human intervention or review? It's not just like, "Where did you go to school and how long have you been working on this?" I think one of our few advantages is speed, and so if we see something we like, we'll price it and put a term sheet down. He is a Co-Founder of Collab+Currency. Humans are hardwired to make decisions based, in part, on their own self interest if you ignore that fact, its difficult to generate returns. And recently, they announced the Shared Future Fund, which provides rapid funding and useful resources to early-stage entrepreneurs working to solve the global climate crisis. In a sense we are a startup ourselves, so weve got the underdog hustle to be opportunistic. What's a better outcome for the firm? There's a lot of trust built in. Because of the pandemic, I ended up doing it remotely and actually spent a ton of time in Costa Rica, in this paradise of a rainforest where I really got to tangibly interact with the nature in the world that I want to protect. I think a lot of times, counterintuitively, the things that you might think could be a distraction or not generate returns may end up being the thing that really goes on to produce alpha. That might mean adding a few accelerators to our list of companies. Maybe that's having a business plan. First Investments from Shared Future Fund by Craig Shapiro Jun 13, 2022 Fresh off the heels of announcing the Shared Future Fund, we are excited to share its first batch of investments Read more Rapid Funding for Climate Solutions by Craig Shapiro May 25, 2022 Let's carve out a small portion of it and sprinkle it into a bunch of things and see what germinates." I am the My Climate Journey show host. Thank you for joining Wefunder and defending the, A public message of congratulation, support, or appreciation, 1,171 startups have raised $536,101,490 on Wefunder. Ilan and team at Activate, I just think some of his experience is really unique and I think they've created a brand that served as a beacon for a certain type of scientist who is working on projects and wants to explore a commercialization path. We're investing out of our fifth flagship fund. Are they pushing things in a good direction? What is a traditional diligence model at the very early stages of climate to an order of magnitude more of companies in less time? Climate Tech VC 2022 - All rights reserved, and keep up to date on the frontlines of climate and innovation, Climate funding abides in $19B 2022 midyear update. We've launched later-stage vehicles to support companies through their Series B, C, D and beyond. Recently, Collaborative Fund announced their new Shared Future Fund which provides rapid funding and useful resources to early-stage entrepreneurs working to solve the global climate crisis. Why is Collaborative Fund investing in climate tech? There's no strings attached. Craig Shapiro founded it in New York in 2010. Get contact details including emails and phone numbers Yeah, yeah. No account with that email address exists. I'm in climate for myself. It differs based on what stage you're talking about and it is polarizing. Wefunder Inc. is not regulated in any capacity, is not registered as either a broker-dealer or funding portal, and is not a member of FINRA or any other self-regulatory organization. Still inspired by my family, still obsessed with graffiti art, still super into tech. Email Address. And some of it's going to be about the person and really understanding what motivates them and what brought them to devoting their life to this. Thats part of the core of Collaboratives investment thesis consumer awareness about how things are sourced, the impact on the community, on the environment and on their health drives spending behavior and is reshaping our economy. We're a little over a decade into this. Were fortunate to have a portfolio of companies that are working on interesting problems. How do we augment what they are doing? And so that's what has led us to creating dedicated vehicles. I think our returns have enabled us to extend that leash. We do invest in companies selling to enterprises or institutions but we always have the end consumer in mind. By siloing these off, is it helpful or does it get in the way of broader systems change? As an entrepreneur myself, it never totally made sense to me that you have to kind of date new investors at each new round. Collaborative Fund was started in 2010 to invest at the intersection of for-profit and for-good and thematically seeks to fund founders in climate, money, food & agriculture, kids, and health. No credit card required. Its just so melodramatic and awesome. We, I think most importantly, are truly trying to foster the connections between each of these, quote unquote, batches that is coming into Shared Future to truly make this network of networks where folks can find help. We'll make some introductions at the Series A, and we get the markup and we're good. Yeah. Up to 5 Any climate company within Y Combinator for this year currently qualifies. with the aid of Ayana Byrd. I look up to both of them a lot. I'd rather us err on the side of, "Hey, they're trying to do something that pushes the world forward." It might mean adding a few advisors to help us evaluate applications as they come in. Company/Organization: . Again, the vision here, really, is to provide very early catalytic capital, and that's on the front end. Historically, it was just one of the key areas within our broader focus. Enter employee name to find & verify emails, phones, social links, etc. Why do you find this an interesting space? Yeah, maybe that's a good place to start. The second phase, where were at right now, is fact finding. It's the latter. Awesome. Chris is one of the nicest, most thoughtful, soft spoken people Ive ever met. wefunder.com is a website owned by Wefunder Inc., the parent company of Wefunder Advisors LLC and Wefunder Portal LLC. Selfishly, I want to be able to go for a walk. Up to 5 We're similar at MCJ, at least so far. We want to make sure you get the most out of our platform. It's funny. I hope this answer isnt cheating, because we go way back. Right now, what we ask founders to do is to fill out an application where they talk a little bit about the company and what they're doing. Having someone whos an investor in your fund support you in a personal and authentic way is so meaningful. Another strength is our network. And so that's why we took both of these organizations as partnerships to begin with, and now there's a question of, how do we ask ourselves some of those same questions? But from a Collaborative standpoint, when did climate first show up on the radar, and what were some of the first steps that you did not necessarily first investment you made, but first steps you did once you started thinking about it that started moving you towards action of any sort? We also discuss the types of risk they're comfortable with, criteria they look for, and how they think about different sectors. That's what we're working towards, but we're learning along the way. And some of that may be related to impact. We want to understand, what are your capital needs? It's not an exclusive thing. Share to Facebook. How did you first get started in venture capital? My background gives my present a lot of context. And once I started getting the hang of communicating succinctly, everything got easier. We recently announced something called Shared Future Fund, which I'm sure we'll get into, but that's one of several things that we're going to be pursuing over the coming weeks and months and hopefully years, as we're really excited about this space and the opportunities in front of us. You mentioned diligence is something you're wrestling with. Collaborative Fund is an investment firm focused on supporting and investing in the shared future. on May 19, 2019, podcast_venture-studio_ep-15-craig-shapiro-collab_1000359410688_itemimage.png. More deals, fewer dollars in the first half of 2022, Overcoming the launch-to-deployment gap with Elemental Excelerators Dawn Lippert, Danya Hakeem, and Ramsay Siegal, Powerhouse Ventures 10x journey through cleantech to climate tech. And so the 10 million that you mentioned, is that a dedicated vehicle? Next, you should feature Heidi Patel or Vaughn Crowe. Craig on Twitter: @cshapiro, @collabfund. It all inspired me so much. And so we hope that by being first check-in, we can help prove some traction and help folks accelerate that. Deep tech? We look forward to providing you with even more cutting-edge market research, as Topio Networks. Each day, Shapiro wakes up with the sun, and instead of diving into a flurry of calls, emails, and meetings, he laces up his sneakers and hits the pavement for an over six-mile walk to work.. 3 8 25 Collab Fund That's obviously the million dollar question for everyone. We recently launched something called Shared Future Fund, which is, from a capital perspective, a subset of our LPs basically said, "Hey, we want a lot more exposure to this area." So it's like, well, if we only invest in software, bits versus atoms, if we only do certain stage, if we only do Then it feels like we're more in control. SVA MFA Products of Design 136 W 21st St 7th floor, New York, NY, 10011 | Tel. It's more creative and it's like a scrum. Sign Up. Craig, do you want to just talk a bit about, first of all, just an overview on Collaborative and then we can get into the climate stuff? Best of luck. I've made it a point to proactively figure out inbox management, when to text vs. call, how to use WhatsApp and other channels efficiently. Have you enjoyed working with them? But actually, I think some of the early indicators of success, you know from investing, within six months, I can give you a call and say, "How do you think this company is doing? How are we defining what is a climate company? Which is why I'm so eager for us to get beyond just those two beta partners, because I do think it's the random team that may be at a university lab or may be going through a lesser-known accelerator or may just be getting started, and that first 100K can be meaningful. Enter employee name to find & verify emails, phones, social links, etc. We have several data points, and as long as they meet the criteria, we are ready to fund those companies in those 10 days. Youve spoken elsewhere about Villain Test mind explaining? Thats kind of our true north and born out of something thats personal to me. Honestly, getting much better about time and communication management has made a huge difference. So that just means if someone else comes in with a cap, given that you're uncapped, that you just level out to that same cap. The only thing I would add to Tomas there, and I think it's a great question, Jason, as to who we want to hear from, we're learning as we're doing this. it. Our flagship fund is our early stage venture fund. Ben and I were introduced by mutual friends in LA in 2006, back when he was putting something called GOOD Magazine together. That's a model that's still developing. I think YC internally does a good job of that. And so I work on climate for myself, and being in Costa Rica really crystallized that for me. Craig Shapiro Entrepreneur and Investor in New York Visit my company website Prior to Collaborative Fund, Craig Shapiro pioneered several mobile and interactive television initiatives in the US and Latin America, including the first multi-carrier live voting in Super Bowl XXXVI. We think about how Shared Future is going to evolve in a couple different phases. With Activate, the way we've structured it is companies go through what is essentially a 24-month program. Uploaded by It still does, and the things Ive learned from graffiti are lessons I carry with me. I think, listen, my hunch is Collaborative's core seed fund or flagship fund will end up investing in a relatively small number of the Shared Future portfolio companies. In addition to Tomas and I, you've got a motley crew mostly in the New York area, but a few of us on the West Coast and scattered. Hey everyone, Jason here. In fact, we haven't really shared this, but initially, we thought about running just a pure grant program. This isn't just like, "Hey, we raised a very large fund. One is, if you're a company, we want to hear from you. We do office hours. Sign up for a free account. Join the community of over 40,000 climate investors, founders, and market leaders. New patients are welcome. My father went on to become a lawyer and instilled that same value of hard work and education in me. (business & personal). And when you think about that Shared Future as a firm, do you put the same pressure on it from a returns standpoint that you do for the other pools of capital that you're investing, or does it have a different job within the firm? It was the go-go years for the dotcom boom, so I moved out to San Francisco to join some friends working on web and mobile development. Skillshare's Mike Karnjanaprakorn is an advisor, while analyst Sebastien Park is CEO Craig Shapiro's right-hand man. We don't have to, but I think we as a firm like to make independent decisions. Craig served on the Board of Directors for the Mobile Marketing Association; was President of GOOD Magazine; and the executive producer of Truth in Numbers, the documentary film that explores the history and cultural implications of Wikipedia. Find contact info for Collaborative Fund employees. What's your diligence? And I wish that at the time I couldve recognized that that was actually a good thing. Yeah. We were in inspired by Fast Grants, this nonprofit initiative where they got money into the hands of scientists really, really quickly, and so we studied that a bit. Whereas Howard Schultz of Starbucks was talking about the brands role in the community and other things you might associate with nonprofits. In some cases, we've sold shares in companies that we're invested in to really long-term holders. @ Email. A total mental escape. At a certain point, they graduate, and graduation for that means hitting certain milestones. That's $125 million fund. Craig Shapiro Founder, Managing Partner at Collaborative Fund. Buyer Intent. And so 10 days is the long time we give, even though that's still really short. The Red Cross exists solely to help people while Coca Cola exists to generate investor returns, so its very black and white. So we set up a Slack community for those people that's now mushroomed into more than 1300 members. Previously, Craig was a Talent at ICM Partne Read More Export Craig's Info Last Update 2/2/2022 1:58 AM c***@collaborativefund.com Industry Description Work Experience Talent ICM Partners 2022-2022 Board Memberships & Affiliations I graduated college in 1999, which looking back was perfect timing. We want to bring together all these folks to help each other solve the biggest problems in climate and obviously, to scale. At first it was small angel investments as a means to learn and expand my network. Recently, Collaborative Fund announced their new Shared Future Fund which provides rapid funding and useful resources to early-stage entrepreneurs working to solve the global climate crisis. Collaborative Fund. It's a programmatic fund and they aim to make 100 investments of $100,000 in 2022 alone, giving a decision within 10 days of application.Craig is the . Find top employees, contact details and business statistics at RocketReach. We will be in touch if it seems aligned. I'm tomas@collaborativefund.com, and we'll be there. I really do hope that the floodgates open. Craig Shapiro is a founder and managing partner of Collaborative Fund. Email. on the Internet. Patience, flexibility, along with access to like-minded entrepreneurs are what we bring to the table. Wefunder is a Public Benefit Corporation. And again, I'm kind of skipping ahead to the juicy stuff right up front, but I have to ask. We're not there yet. The goal for 2023 is to start to open up the application pool. We do do a lot to support those companies, succeed and scale and build. Hes really one of a kind. You can reach us via email at info@mcjcollective.com, where we encourage you to share your feedback on episodes and suggestions for future topics or guests. One of them is a potential customer. The notion of backing companies pushing the world forward is the connective tissue that links all of these branches together. It's a great question and it's one that I think we're a tiny, tiny gnat in this ecosystem, certainly not one that can solve some of those broader issues. Its just so melodramatic and awesome. Internet companies were developing rapidly, and I got to dive into an industry right at its genesis. Today's guests are Craig Shapiro and Toms Alvarez Belon from Collaborative Fund. And in early 2011, angel investor and entrepreneur Craig Shapiro started the Collaborative Fund, an investment vehicle for funding startups tapping into the collaborative consumption trend. We think a lot about impact and consumer brands and consumer behavior, and climate and sustainability is, you're absolutely right, Jason, it's an area that is increasingly coming into focus. Since we met those years ago, hes become a trusted friend and someone I can count on to push me outside of my comfort zone. He is an entrepreneur and investor at Collaborative Fund. In 2016, we launched a thematic fund around kids and we teamed up with Sesame Street. Are they walking you through a deck? As an investor, I understand it, but as an entrepreneur, I don't. As our fund size has grown, it's a little bit tougher for us to figure out how to deploy capital at the earlier stages, but that's one we like. It's every sector. I graduated college in 1999 as the internet was really coming alive. Tell us the email you used to sign up, and we'll get you on your way. There is an application to become a member. But I would say just within the last, call it 18 to 24 months, there's been an increased interest. I think the way that we think about it is 2022, let's get the foundation right. And sometimes that takes many years. But I felt like the world was bifurcated into two big pools: the nonprofits like Red Cross, and the for profits like Coca Cola with capital sources only aligned to one side. Climate tech investing is growing 5x faster than venture as a whole. Yeah, it is, and we're going to deploy that in 2022 in the divisions that we're going to continue to expand that in the coming years. I left Georgetown realizing that I need to understand businesses better, that businesses were one of the most important levers to solve the energy crisis. Collaborative Fund's key executives include Craig Shapiro and 5 others. million verified professionals across 35 million companies. Craig received his B.A. I don't think we have those muscles yet. That's how we think about it. Yeah, it's an interesting conversation. I took a step back and asked myself, whats the best way to catalyze change? Now, one could argue if they've already gotten accepted to YC or Activate, how difficult is it for them to raise additional capital? And the reason we chose those three was because one of them knows a lot about non-dilutive capital, which we think is going to play a key role for a lot of these companies as they scale. My grandparents were Jewish Russian immigrants with no formal education, but they worked hard and earned enough selling produce at a roadside stand to eventually buy a small store that they lived above and raised their kids. Craig Dalton is an experienced business development and start-up executive with experience across the entire start-up lifecycle (creation to sale). You're absolutely right. It's too subjective. Look, today, we've done one batch, so we've invested 22 companies at YC, and we feel very confident that all of those are tackling a core climate problem that will have, at a minimum, a significant reduction in greenhouse gas emissions, if not additional co-benefits. The most common Collaborative Fund email format is first (ex. It's a game of pickup soccer, and that's when you are figuring stuff out and that's when it's most fun. And guys, anything I didn't ask that I should have, or any parting words? For me, food was kind of a gateway drug into climate investing. And by the way, if you want to talk to our early-stage team, that's obviously something that we're excited about as well. So much of investing as a venture capitalist is dictated by who youre investing on behalf of (ie. In fact, quite the opposite. Well, thanks so much, guys. Spending time online got me thinking about computers, web design, and tech in general. Also, Tomas, I'm asking a bunch of Craig questions to start, but I have a ton of questions for you. Yeah. Sign up for a free account. Hello, everyone. Before, it was a lot easier to drink Coke when you didnt know what was in it (and how it impacted your health)! You're looking across so many sectors and types of companies, and geography is another thing I didn't ask about, but a lot of things. We were deliberate about inviting the Goldhirsh Foundation, Sweetgreen, and Banff Advisors in as an original, call it founding partners. Collaborative Fund is a VC investing group that provides investment funds to technology-based companies. To access all the content for free, please sign up by entering your email. It's an odd thing. In lots of cases, we don't. So are you just drafting behind whatever YC calls a climate company, or do you have your own set of criteria? You may also view our Privacy Notice. I think YC does a great job, and Tomas having gone through it, they've gotten very good at asking questions. I don't know that we know which questions to ask, so it helped us give us training wheels or almost skip a step in the process and deploy capital sooner rather than later. On the back end, it's to create a network of networks, both of founders and of innovation hubs and of supporters. Who pays for this? We also obviously are talking to, at Activate, the managing directors or at YC, Gustav. Vaughn works at a firm called Newark Venture Partners, hes thoughtful, open-minded, curious, and down to earth. jdoe@collaborativefund.com). Yeah. But for me and for us as a firm, I think generally, we really prefer and enjoy things at their earliest stage, because it's messy. The other reason we think this is the right moment for the fund is obviously, the fundraising environment has changed radically from when I joined venture just a few months ago. So, have you defined what success looks like and in what timeframe are you evaluating in this beta phase that you're in? And then, as rabbit holes go, before you know it, youre on Wikipedia reading about the whole production. Let's understand how to fund companies, how to do it quickly. million verified professionals across 35 million companies. Are there any kind of rights, like right of first refusal for the core or anything like that, or is it only just earned through the goodwill and the help that's facilitated from the, I almost called it a grant, but from the check, from the Shared Future check to going out for the traditional seed round? Guarda il profilo completo su LinkedIn e scopri i collegamenti di ANDREA e le offerte di lavoro presso aziende simili. One thing I would point out as an additional source of liquidity, beyond either an IPO or an acquisition, is there are opportunities to sell stock once you're in a business for a long period of time to other interested parties. Thanks to my friend Dan Bomze for originally connecting Craig and me some years back Reilly (rpb@trucks.vc), This site requires JavaScript to run correctly. Founded in 2010 by Craig Shapiro, the firm is based in New York City, New York, and manages approximately $250 million of investor capital. His entrepreneurial journey is one of grit and hard work, which I really respect. I wish Id known that having a beginners mind was an advantage all along. We were focused on the crypto industry specifically. I think it comes with good intentions, but from Collaborative's perspective, we view that intersection of for-profit and for good through our own lens. The short answer is mostly no, there's not a ton structurally different. Really, really powerful companies unlock more capital from generalist funds, but domain-focused funds are going to need to lead the way. . Subscribe to our weekly newsletter on Climate Tech below! All investments involve risks, including possible loss of capital. Let's look at everything under the sun," but I try to resist. Maybe that's having a first customer. on November 16, 2020 This week we chatted with Craig Shapiro of Collaborative Fund about his journey into venture and focus on climate. Status. But in the background, we are. It might also mean doing a small launch that's open to the public to test it out and then see which model works. We hear about new stories that exemplify this shift all the time, like programmer Avi Flombaum quitting his . It's going to evolve, and everyone is involved in that conversation. There's a lot less pressure on Shared Future Fund. Find Craig Shapiro's accurate email address and contact/phone number in Adapt.io. There are others in the impact investing space, from folks like Capricorn with Jeff Skoll, Kapor Capital, and the Omidyar network, but none spoke directly to my interests, so I sought to create a new flavor with fresh ingredients. Invest in startups Invest with a fund 2 Investments Vegan Fine Foods Wefunder Shout-outs This shout-out is for you. We went through Y Combinator and learned a ton, but ultimately realized that we were too early for the market. Also, his email signature is always followed by this: If everyone acted the way you do, would the world be a better place?And I truly think he lives by that. A helpful guidepost could be to set a standard like measuring sticks from other industries like Fair Trade, LEED, B Corp. Partnerships. With over $150 million in assets under management, Collaborative Fund is a leading source of capital and support for entrepreneurs pushing the world forward. I have to give credit to the founder of GOOD Magazine, Ben Goldhirsh, whos a very close friend of mine. Not to come across as being contrarian, but I think about any of those filtering mechanisms as mostly being counterproductive. Search over 700 There's almost like a softer question that we need to ask of, what data points do we need in order to accelerate that and still make, 80% of the time, the right decision? In high school, I got really into graffiti art, which totally opened my world. Are you asking your own questions or is it more of a checkbox? I went on to work with him at GOOD, and when I was thinking of starting Collaborative, he could see the passion in my eyes. Follow him on Twitter: @cshapiro. This was right around the time that Elon Musk was tweeting about accepting Bitcoin to purchase Tesla cars and then saying a couple days later, "Actually, it's not sustainable," and so it was a really interesting time to start the company. We saw the spat recently between Elon Musk and Tesla being kicked out of the ESG Index, and it's like, ah, what a waste of everybody's time. The fund centers around two macro themes which drives business innovation in the coming years: the growth of the creative class and the concept of collaborative consumption. Cities Money Consumer. I think part of the reason that they're so successful is that their screening is quite good, and so the application process really probes. I would say our LPs, if you said, "What are you most grateful for? So consumers vacillate between sacrificing speed and sexiness to feel like theyre doing good, and few are satisfied with that sacrifice. It does have a slightly different vision. craig-blog. And so if you look at the job that a YC or an Activate is doing for you in this beta phase, I know it's like a blankie, but what are they a blankie for, which aspect? It's specific to each company. And just one quick note is, Jason, just to kind of cut right to the heart of it, it is, as Tomas mentioned, it's separate. One question that just brings up for me is you talked about the muscles that you're building on the programmatic side, but you also hope that at least some of these companies will graduate and become core investments. That doesn't mean that there are companies that we looked at from our traditional fund and said, "Hey, maybe that's not an investment that's right for Collaborative right now.". Heres the question framework I use when looking at a new business: If this business goes on to be massively successful, will it improve peoples lives? But I do think of them very independently and discreetly from one another. If you're backing companies that have this purposeful mission and that comes from the founders and comes from day zero and comes from the expectations you set for LPs and stuff like that, but ultimately, given that it's a time box fund, there does need to be liquidity of some sort. Lorem ipsum dolor sit amet consectetur adipisicing elit. Have there been circumstances where either you've said no to companies that meet your stated criteria or that you wish you could? Collaborative has made a lot of investments in consumer startups. Wefunder Advisors advises special purpose vehicles (SPVs) used in certain Regulation D offerings that are available on wefunder.com. Our portfolio success fuels great organizations including the Kaiser Family Foundation, Sesame Workshop, California Endowment, and Oxford University Endowment. That doesn't make sense to me as an entrepreneur. ", we've got a really special group of backers who have given us a long leash. As a species we need to solve for this, and in the process of doing so theres going to be opportunity to generate great returns. We need to set expectations so that the haters are moderated from claiming that Cleantech 2.0 is just as bad as Cleantech 1.0. No credit card required. Search the history of over 766 billion Ben became a role model and a picture of what it can look like to be an entrepreneur whos not a villain. What are you doing?" I do think Tomas touched on this very briefly earlier, but it's worth maybe spending 20 seconds on. They're investors in Brimstone, Cloud Agronomics, Commonwealth Fusion Systems, Dandelion, [Coolibio 00:02:27], and a whole bunch more. Great question. Its like how Beyond Meats IPO unlocked a rush into plant based food, and investors are like, well, well take a look at that plant based chicken. Tomas has mentioned the gigaton measurement. The project centers around mass singing events in which large groups of non-professionals . Collaborative Fund is a Finance, Venture Capital & Private Equity, and Collaboration company located in Orlando, Florida with $6.00 Million in revenue and 24 employees. Let's understand how to set up the right partnerships. Today's guests are Tomas Alvarez Belon and Craig Shapiro from Collaborative Fund. And then finally, if you're excited about the program and just want to chat, we're here, and so you can shoot us an email. This show follows my journey to interview a wide range of guests to better understand and make sense of the formidable problem of climate change and try to figure out how people like you and I can help. Our $200M fund invests into cleaner businesses . From 2005 to 2016 he served as professor in the Conflict Resolution program at Georgetown University before stepping down in June 2016 to work on . B2B intelligence, at your fingertips. Just like MCJ, I think, has evolved since it was started and you guys started making investments, we continuously implement that feedback loop. And so if you start in the early stage, there's different ways that you could go. We're not going to wait for a seven-year time horizon to make changes. Craig Shapiro June 14, 2012 by Allan Chochinov. But either way it's the same, that with the best of intent, you get plugged into the bigger machine ultimately. So you watch people go into Home Depot, they go to the lighting aisle, and you see the Villain Test play out in real time. What the hell's that?" There's an issue that Climate Tech VC put out a few weeks ago that was talking about this company in the methane space that's helping to prevent flaring and using it to mine Bitcoin. In some ways, I almost think they benefit from being a public company, because there's a lot of interest in the company. Their funds center around two macro themes, the growth of the creative class and the concept of the collaborative economy. And in some ways, that gets me excited. Part of what we're planning on is around Thanksgiving of this year, to sit down and take a hard look in the mirror and just say, "How is it going?" An electric-powered Tesla doesnt ask you to sacrifice design or speed, and its got all of the sexiness of the Ferrari with all of the positivity of the Prius. Locktev will be based in San Francisco, where Shapiro said the fund needs a large presence. Hes very honest, intentional and genuine. And so it's like these things are dominoes that have pulled us further into the climate and sustainability world. The way we're going to get there is actually by going through a beta phase, which is what we're in now. If you can positively answer both of those questions then youre on to a massive addressable market, fueled by the desire to satisfy both the broader interest and our self interest. October 26, 2015. Due to a planned power outage on Friday, 1/14, between 8am-1pm PST, some services may be impacted. We just can't get enough of Koolulam, the extraordinary Israeli mass singing phenomenon, that brings people from all walks of life who hadn't met before to sing popular songs together. I think we're finding a way to navigate that, but it's certainly a conversation that we are open and transparent with. And in fact, I think we're doing that with Activate as well, because they wanted to make sure that entrepreneurs are aligned as they're going out to raise additional SAFE notes or price rounds, that this kind of catalytic capital gets the benefit. What strengths does Collaborative bring to climate syndicates? And so if anybody's listening that has ideas on how we can improve it, make it more valuable, more successful and most importantly, make the companies that we're backing more successful, we'd love to connect. And now Im here. We're doing that constantly, and I think that's part of the reason why Shared Future is exciting, is because it's dynamic. Great to be here, and we're excited to share more. {{ userNotificationState.getAlertCount('bell') }}. It's evolved over time. That was a much easier conversation. And then in order to get to the open phase, which it sounds like is where your passion lies, what is it that you need to learn or need to build out or need to understand that doesn't exist today, that would give you the confidence that it's time to spread your wings, leave the nest? Before we get going, I wanted to take a minute and tell you about the My Climate Journey, or MCJ as we call it, membership option. Money. In a way, graffiti got me into tech. The reactions have been super positive. If you're raising money for public stocks, like a hedge fund, you can speak to the companies. And it was through that we learned and got exposed, and that led us to make another geothermal investment spinout from MIT called Quaise. Hey everyone, Jason here. Just to speak very plainly about returns, we'll see how things shape up. Wefunder Advisors is an exempt reporting adviser that makes filings with the SEC and certain states. Our business model focus has shifted over time as Collaborative has gotten bigger, but consumer has always been at our core because consumer behavior is whats really driving a lot of the impact in ESG investing, especially given how information access has proliferated. One question that I have is, climate aside, how have you thought about sectors? Some of it's going to be business model-related. The beta phase means that we've partnered with Activate and Activate Fellows program and Y Combinator to fund this year's batches, to say, "Hey, if you're a climate startup and you're in one of those programs, then you're eligible for Shared Future funding." My climate journey really started back in undergrad. Repin Like Zoom. Is that a venture-backable space? All of my friends were obsessed with the Karate Kid movies when we were younger, and now a lot of us have watched the show and well text about it. We cover a lot in this episode, including the origin story of the firm Collaborative, how their approach has evolved over the years, and what led them to get into climate investing. Craig Shapiro Work Experience I think Craig can probably tell you a bit more about how we got into climate. We're already starting to see that with folks showing up to office hours to events, pinging each other in our communication channels to help each other, and that's really, really inspiring. In most likelihood, I don't know. You have now left the website of Collaborative Fund Management LLC and have connected to the website of Collaborative Holdings Management, LLC.Collaborative Fund Management LLC, Collaborative Holdings Management LP and Collab+Currency Management, LLC are distinct investment advisory entities, are not a unitary enterprise and operate independently of one another. That's kind of what started us down this path, and then from food and agriculture, we got pulled into decarbonization. generate returns, but when we evaluate it, it's not like, well, how many of these turned into or translated into Collaborative core investments? And in either of those directions, what defines a climate company? Same platform but with new and improved features. I think we're on track for that. Yeah, and that's part of the conversation we're having now. Even if it's just North America, which maybe it's global, but it's already a lot of things before you even get to the geography piece. You can find me on Twitter @jjacobs22 (me), @mcjpod (podcast) or @mcjcollective (company). Chris is one of the nicest, most thoughtful, soft spoken people Ive ever met. Like in that kid space, we invested originally into a company called Outschool. , I was like, `` Vintage 've launched later-stage vehicles to support those companies, succeed and scale build! Returns have enabled us to extend that leash go way back it today. Maybe spending 20 seconds on lot less pressure on Shared Future with Craig email! Me into tech how long have you thought about sectors faster than venture as a,... That being said, I was like, `` Vintage our weekly newsletter on climate have us! Your fund support you in a couple different phases Id known that having a beginners mind was an advantage along! 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