#371: Social Impact Venture Investor Shares Three Insights For Entrepreneurs
Read the full Forbes article and watch the interview here: http://onforb.es/1KPdoBK. Subscribe to this podcast on iTunes by clicking here: http://bit.ly/ymotwitunes or on Stitcher by clicking here: http://bit.ly/ymotwstitcher. Nancy Pfund, founder and managing partner of DBL Partners, has invested in some of the biggest and most successful social entrepreneurs of our time, having stakes in both Tesla and SolarCity, among others. Pfund shared some insights with me and will share more live. First, Pfund predicts a transformation of global energy over the next decade. Over the next 10 years, investing in energy will shift from being dominated by investing in fossil-based large oil and gas companies ,regulated utility monopolies, and gas-powered car companies to including a plethora of clean technology , digital platforms and consumer-driven solutions providers. This transition will be messy, but will result in a 21st century energy industry that addresses 21st century needs of consumer choice, value, sustainability and reliability . It will also bring electiricity and a ticket to the middle class for the 1.3 billion people on this planet without access to electricity. Second, she anticipates that millennials will cause a shift in the workplace. As millenials become the largest part of the workforce, they will transform the sectors of recruiting and career building to make it serve their needs of cultural fit, meaning and fulfillment with tools that they own, like video , media and mobile resources. These tools will better address needs of women and minority millenials as well as traditional male career builders. Third, Pfund says our food supply will undergo radical changes driven both by consumer demand and technological advances. Agriculture and food are shifting to a sustainable platform that will increasingly put farmers and consumers first, not traditional agribusiness companies and relationships. Big data will empower farmers to build their communities, making better decisions and purchases with a reduced need for intermediaries. This will result in reduced use of natural resources like energy and water and drive down the levels of chemicals and pesticides used in production. Consumers will create strong demand for healthier and less chemical and natural resource intensive food products. Read the full Forbes article and watch the interview here: http://onforb.es/1KPdoBK. Please consider whether a friend or colleague might benefit from this piece and, if so, share it.