E57: Maybe DON’T take venture capital for your climate tech startup
Everybody in the Pool - A podcast by Molly Wood
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Every thriving ecosystem needs connectors, support systems—pollinators, in fact. This week, Molly is joined by Jon Bonanno, the managing partner of Factor, to talk about building great climate companies with a combination of human skills, networking and introductions, and smarter ways to raise money. Jon pivoted into climate tech after the attacks of 9/11 left him deeply shaken. He emphasizes the violence and centralization of the fossil economy and the need for a transition to a clean economy that benefits all communities. He also explains the grant-making process and how it can be used as a commercialization tool for companies without requiring them to give up huge amounts of equity in their companies. Factor is a grant writing and advisory firm that helps climate companies navigate the grant application process.
