From Exiting His Company For $320 Million To Investing In Startups Solving Climate Change w/ Josh Felser
In this episode, Shamus Madan converses with Josh Felser about his entrepreneurial journey, the importance of pioneering in new technologies, and the role of AI in climate tech. They delve into Felser's leadership style, transition from entrepreneurship to venture capitalism, and the significance of investing in Climate Tech. The episode also touches on circularity in industries, integrating sustainability, and the story behind Travis Kalanick's choice between Formspring and Uber. The episode concludes with an introduction to Climatic VC.
Key Points
- Josh Felzer's early experience of independence and self-sufficiency at seventeen set the foundation for his entrepreneurial spirit and discomfort with authority.
- Being first to market on a new platform, like Spinner and Crackle were for streaming, can offer tremendous advantages if the right decisions are prioritized and executed well.
- Josh believes that climate tech is essential as it addresses the existential problem of climate change and can be dramatically well-served with better technology.
Today we have to talk about climate change. There’s more carbon dioxide in our air than at any time in human history. And it could end up being irreversible if corrective action isn’t taken. Today, Josh Felser joins the podcast to discuss his new firm, Climactic, investing in enterprise and mobility climate solutions. Prior to Climactic, Josh was the founder of Spinner, which he co-founded with his business partner Dave Samuel. It was one of the first online music and entertainment services that he sold to AOL for $320 Million. He also co-founded Crackle with Dave and sold that company to Sony for $65 Million. After being in the entrepreneurial world for a while he decided to launch his own fund Freestyle, investing in companies like Airtable and Patreon. He recently left to launch Climactic.
Twitter of Host (Shamus Madan): @mbitpodcast
Twitter of Guest (Josh Felser): @joshmedia
Learn more about Climactic here.
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Transcript
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