CleanTechies Podcast

#147 Scaling "Equity-Light" Climate Tech: Marketplace Solutions, Equity-Light vs. Software, and Electrification of Transportation w/ Russell Sprole (Virta Ventures)

January 12, 2024 Silas Mähner (CT Headhunter) & Somil Aggarwal (CT PM & Investor) Season 1 Episode 147
CleanTechies Podcast
#147 Scaling "Equity-Light" Climate Tech: Marketplace Solutions, Equity-Light vs. Software, and Electrification of Transportation w/ Russell Sprole (Virta Ventures)
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Show Notes Chapter Markers

In this episode, we chat with Russell Sprole, founder and managing partner of Virta Ventures. Virta Ventures invests at the early stages focusing on “equity-light” companies.

We dive into the nuances of marketplace models, the potential of AI in climate tech, his journey with Full Harvest, and more. 

This is a great episode for software enthusiasts interested in its place in the climate tech ecosystem. 

As always, thanks so much for listening and enjoy the episode!

https://linktr.ee/cleantechies

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Topics

  • 4:00 Starting Virta Ventures 
  • 10:22 Equity Light Solutions 
  • 13:50 Software Solutions in Antiquated Industries 
  • 17:07 Common Equity Light Business Models 
  • 22:55 Investing in Tiba 
  • 28:33 Investing in Crowded vs. Nascent Markets 
  • 34:41 Lessons from Full Harvest 
  • 47:46 Investing in Hydrogen Marketplaces 
  •  1:01:52 The Impact of AI on Climate Tech 
  • 1:06:54 Effective Practices of Portfolio Companies 
  • 1:08:33 Opportunities in the Electrification of Transportation 
  • 1:11:12 Fundraising Advice for Climate Tech Founders 

Links

Support the show

We are proud to continue working with NextWave as our official show sponsor for this podcast. NextWave and all of its staff are highly motivated to advance the ClimateTech revolution and are constantly innovating ways that they can help affect that transition. From experts in the talent space to ESG experts, NextWave is taking on Climate and Social responsibility head-on and helping companies build great cultures that not only make the world a better place but also increase workplace satisfaction. Reach out to NextWave Partners today to learn more about how we might partner with you today. https://www.next-wavepartners.com/ / info@next-wavepartners.com

Starting Virta Ventures
Equity Light Solutions
Software Solutions in Antiquated Industries 
Common Equity Light Business Models 
Investing in Tiba 
Investing in Crowded vs. Nascent Markets 
Lessons from Full Harvest 
Investing in Hydrogen Marketplaces 
The Impact of AI on Climate Tech 
Effective Practices of Portfolio Companies 
Opportunities in the Electrification of Transportation 
Fundraising Advice for Climate Tech Founders