This Week in Startups VC School: What's a venture scale business + Matt Duesterberg of OhmConnect | E1499
Jul 3, 2022
Matt Duesterberg, co-founder of OhmConnect, shares insights on transforming energy consumption with innovative strategies that incentivize users to save energy. He discusses the concept of 'negawatts'—monetized energy savings and the company's remarkable impact during California's heat wave. The conversation dives into the financial complexities of venture capital, emphasizing the importance of presenting ambitious visions to investors. Additionally, Duesterberg highlights the need for a decentralized energy model and strategies for scaling energy efficiency for a sustainable future.
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Scale and Stage
- Venture scale has different meanings based on investment stage and check size.
- Early-stage investors might accept smaller exits, while later-stage VCs require larger outcomes.
Calculate Exit Value
- Founders should calculate potential exit value based on revenue and profit projections.
- Multiplying potential revenue by 10 or profits by 15-20 provides a valuation range.
Outsized Returns
- VCs aim for investments that can return double their fund size.
- This necessitates identifying companies with the potential for outsized returns, not just modest growth.