DBL Investors http://www.dblinvestors.com Wed, 01 Apr 2015 21:22:27 +0000 en-US hourly 1 http://wordpress.org/?v=4.0.1 Revolution Foods: Schwab Foundation’s Social Entrepreneurship of the Year 2015 Awardee http://www.dblinvestors.com/2015/03/revolution-foods-schwab-foundations-social-entrepreneurship-of-the-year-2015-awardee/ http://www.dblinvestors.com/2015/03/revolution-foods-schwab-foundations-social-entrepreneurship-of-the-year-2015-awardee/#comments Mon, 30 Mar 2015 23:05:34 +0000 http://www.dblinvestors.com/?p=2054 Kristin Groos Richmond, Co-Founder and CEO, Revolution Foods

Kirsten Saenz Tobey, Co-Founder and Chief Impact Officer, Revolution Foods
Geographic Area of Impact: USA
No. of direct Beneficiaries: 1,400,000

Revolution Foods’ aim is to dramatically transform school lunch and close the access gap to healthy food for millions of low-income children in America. 70% of the meals served by Revolution Foods are for children enrolled in the free– or reduced-price lunches (FRL) programme, which serves children living at or just above the federal poverty line. The menus are specially prepared by nutritionists to be appealing to kids, do not have any processed foods, trans-fats, or additives, and include recommended daily servings of fresh fruit and vegetables.

To read more, visit Schwab Foundation for Social Entrepreneurship and the World Economic Forum.

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The Path to Funding Social Enterprises Beyond Infancy http://www.dblinvestors.com/2015/03/the-path-to-funding-social-enterprises-beyond-infancy/ http://www.dblinvestors.com/2015/03/the-path-to-funding-social-enterprises-beyond-infancy/#comments Wed, 25 Mar 2015 23:20:49 +0000 http://www.dblinvestors.com/?p=2056 By Jennifer Walske & Laura D. Tyson

In our research, we took a deep dive into eight successful social enterprises in order to identify the critical elements of their success.

To read the full blog, visit Berkeley Haas Institute for Business & Social Impact.

Calling all Venture Capitalists

Revolution Foods, which produces high quality school lunches and consumer products, got its initial boost by placing first in the Berkeley-Haas Global Social Venture Competition. The prize money provided co-founders Kristin Groos Richmond and Kirsten Saenz Tobey with a small amount of prize money, but more importantly it led to a $50,000 investment from angel investor, Dick Beers, and then to a $500,000 investment from DBL Investors.

Those investments allowed Kirsten and Kristin to get a truck, lease kitchen space, and hire four additional employees, including an executive chef, two prep cooks and a driver. That in turn enabled them to run a pilot program, which provided the proof of concept for their business model and paved the way for additional investors. Nancy Pfund, founder of DBL Investors, told a recent Berkeley-Haas colloquium on social finance that she quickly saw the potential for Revolution Foods, leading her to supply meaningful early stage funding.

“I met Kristin and Kirsten at Haas, and immediately saw the value of their idea,” Pfund said. “Providing large amounts of early capital is extremely important for founders who are proving the field.”

Another key lesson from Revolution Foods is the value of seeking funding from traditional for-profit venture capital firms. Revolution Foods began as a for-profit enterprise, though one with social goals, but it raised money from both kinds of investors. The social venture capital firms included DBL Investors, Catamount Ventures, New Schools Venture Fund, Physic Ventures, and the Westly Group. But they also garnered significant financing from traditional VC firms, led by Oak Investment Partners. Revolution Growth, the venture capital fund created by AOL founder Steve Case, recently invested $30 million.

One hurdle for social venture capital investors is the lack of standardized metrics for assessing social impact. According to Kirsten, Revolution Foods developed its own metrics rather than relying on frameworks developed by its investors. And, now that Revolution Foods is B Lab certified, which provides some standard guidelines for social impact, the process of social impact measurement has become even easier.


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Farmers Business Network COO Larry Trebesch at the 53rd International Sugar Beet Institute http://www.dblinvestors.com/2015/03/farmers-business-network-coo-larry-trebesch-at-the-53rd-international-sugar-beet-institute/ http://www.dblinvestors.com/2015/03/farmers-business-network-coo-larry-trebesch-at-the-53rd-international-sugar-beet-institute/#comments Wed, 25 Mar 2015 22:53:09 +0000 http://www.dblinvestors.com/?p=2052 The 53rd International Sugarbeet Institute began Wednesday at the Fargodome. KFGO Farm & Ranch Director Sarah Heinrich spent some time speaking with Farmers Business Network COO Larry Trebesch.

To watch the video, visit KFGO.

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CenturyLink officially opens Technology Center of Excellence at Monroe Headquarters http://www.dblinvestors.com/2015/03/centurylink-officially-opens-technology-center-of-excellence-at-monroe-headquarters/ http://www.dblinvestors.com/2015/03/centurylink-officially-opens-technology-center-of-excellence-at-monroe-headquarters/#comments Tue, 24 Mar 2015 23:55:08 +0000 http://www.dblinvestors.com/?p=2040 KNOE 8 News

MONROE, La. – CenturyLink, Inc. (NYSE: CTL) After nearly a year of construction the wait is over. On Tuesday, CenturyLink officially opened its new Technology Center of Excellence. The building is state of the art and very high tech, not to mention absolutely beautiful, with 3 stories and 300-thousand square feet of space. Those at CenturyLink, plus local and state leaders, say a building of this caliber will help the company and the Arklamiss get noticed on a global scale.

The building also incorporates 37,000 square feet of View Dynamic Glass, making this facility the single largest installation of electrochromic glass in the country. View’s glass leverages nanotechnology and pre-programmed intelligence to tint automatically in response to outside conditions and user preferences, eliminating the need for blinds or shades, as well as providing enhanced occupant experience and improved energy efficiency. Use of electrochromic glazing has been shown to reduce lighting, heating, and cooling loads in typical buildings by 20 percent or more.

To read the full article, visit KNOE 8 News.

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The Energy Gang: Why a Successful Cleantech Venture Capitalist Tripled Down on the Sector http://www.dblinvestors.com/2015/03/the-energy-gang-why-a-successful-cleantech-venture-capitalist-tripled-down-on-the-sector/ http://www.dblinvestors.com/2015/03/the-energy-gang-why-a-successful-cleantech-venture-capitalist-tripled-down-on-the-sector/#comments Mon, 23 Mar 2015 22:10:35 +0000 http://www.dblinvestors.com/?p=2050 By Stephen Lacey:

Nancy Pfund, the founder of DBL Investors, has supported some of the most successful modern clean energy companies, including Tesla, SolarCity, PowerLight and BrightSource.  And unlike many other venture capital firms, DBL isn’t backing down from some of the riskier, more capital-intensive investments. Other portfolio investments include CIGS manufacturer Siva Power, and storage companies Primus Power and PowerGenix.

To hear the podcast, visit Greentech Media.

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StartUps 4 Good — Nancy Pfund Podcast http://www.dblinvestors.com/2015/03/startups-4-good-nancy-pfund-podcast/ http://www.dblinvestors.com/2015/03/startups-4-good-nancy-pfund-podcast/#comments Fri, 20 Mar 2015 00:43:54 +0000 http://www.dblinvestors.com/?p=2035 Episode 8: Nancy Pfund of DBL Investors

Mar 20, 2015
Nancy E. Pfund is Founder and Man­ag­ing Part­ner of DBLInvestors, a ven­ture cap­i­tal firm located in San Fran­cisco, whose goal is to com­bine top-​​tier finan­cial returns with mean­ing­ful social, eco­nomic and envi­ron­men­tal returns in the regions and sec­tors in which it invests. As a lead­ing player in the grow­ing field of “impact invest­ing”, DBL has helped to reveal the power of ven­ture cap­i­tal to pro­mote social change and envi­ron­men­tal improve­ment, and Ms. Pfund writes and speaks fre­quently on this topic. Ms. Pfund cur­rently spon­sors or sits on the board of direc­tors of sev­eral com­pa­nies, includ­ing; SolarCity (NASDAQ: SCTY) on both the audit and com­pen­sa­tion com­mit­tees, Bright­Source Energy, Primus Power, Eco.logic Brands, Eco­Scraps, OPx Biotech­nolo­gies, Pow­er­genix and, prior to their pub­lic offer­ings, Tesla Motors and Pan­dora Media. Prior to found­ing DBL, Ms. Pfund was a Man­ag­ing Direc­tor in Ven­ture Cap­i­tal at JPMor­gan, hav­ing started her invest­ment career at Ham­brecht & Quist in 1984. Pre­vi­ously, Ms. Pfund worked at Intel Cor­po­ra­tion, the State of Cal­i­for­nia, Stan­ford Uni­ver­sity and the Sierra Club.

Listen to the Podcast here.

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