In episode 53, I talk with Dimitry Gershenson of Enduring Planet. Enduring Planet provides growth capital for climate entrepreneurs. They offer rapid financing without dilution, personal guarantees, or collateral.
Climate has quickly become one of the most interesting topics out there today. There is a lot of discussion around the topic, but the action being taken differs widely depending on where you live.
For Dimitry and the Enduring Planet team, the climate is not just a job; it’s a passion. When talking to Dimitry, you begin to understand that a lot has started to change, but monumental work still needs to be completed.
Enduring Planet is doing its part to help fill the giant capital hole in climate change. There is a chasm of underinvestment overall. Without more firms like Enduring Planet and their portfolio companies, we will continue to see the devastating impacts of climate change increase.
There is hope, the momentum is starting to build, and many exciting founder stories are all helping to make needed change. Dimitry and I talk about the types of founders they fund, why they decided to structure the firm the way they did, raising capital, and a whole lot more.
So without further ado, I present Dimitry Gershenson of Enduring Planet. I hope you all enjoy the show and be prepared to learn:
Dimitry’s journey to Enduring Planet
Lessons from emerging markets
Why the climate conversation has started to change in the last 10 years
We underinvest in the climate between $3 – $5 trillion
They have a broad definition of climate-focused fintech
Why a previous couple of years has given Dimitry hope about the climate
Why they structured Enduring Planet the way they did
Biggest lesson learned – capital education is needed
Best advice received – it’s a marathon, not a sprint
Todd is the host of PitchIt: the fintech startups podcast, a weekly interview show featuring emerging fintech founders and leading venture capitalists. He is responsible for leading the content team which covers fintech through daily & weekly email newsletters, editorial, virtual events, and in-person conferences. He has been covering fintech, banking, and venture capital for more than 15 years, including speaking regularly at industry events.