Investing in climate tech makes ethical sense and it might be the best-returning category in venture capital history

From rising sea levels to wildfires, a lot of ink has been spilled in articles about the climate apocalypse and why it is businesses’ ethical…

Note: This story is a repost from the BMW i Ventures blog

Imagine you drive to the gas station and pump your car with gas…except, this time, your weekly pit stop won’t affect the environment whatsoever. The new kind of gasoline coursing through your vehicle doesn’t add CO2 to the atmosphere. In fact, it is molecularly identical to the gasoline made from oil — but instead of being mined from the earth, the fuel comes from existing CO2 in the atmosphere. …

A brief history of an investment in Software Motor Company

Note: Opinions are my own, this is not an official BMW i Ventures post

BMW i Ventures just invested in Software Motor company — here’s my behind-the-scenes take on how that happened, and why we’re so excited about the company.

The Oracle of Electricity

When I first met Ryan Morris, currently Executive Chairman of Software Motor Company (SMC), it was at a dinner three years ago in San Francisco. At the time, Ryan was an activist hedge fund investor, and had been elected Executive Chairman of Sevcon, a 50-year old electric power-train company primarily focused on fork-lifts and other small industrial applications. I fancy…

For SaaS companies, tracking the Expected Lifetime Value of a Customer (LTV) is one of the most critical key performance indicators (KPIs) that they can track, because it has massive implications on the unit economics, and therefore viability, of their businesses.

For both transactional, and recurring revenues (subscription) businesses the ratio between Customer Acquisition Cost (CAC — how much you pay to get the customer in the door), and the LTV of that customer (how much money they will deliver to you) → the CAC:LTV ratio, is the turning point that defines if they have a good business or not.

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In frank conversations with my founder friends, entrepreneurs, and even just the startup-curious, I often hear questions along the same general theme:

• My company is growing well, why aren’t any VC’s interested?
• VC’s keep telling me this is a “lifestyle” business, what the hell is that?

There are also a bunch of darker things I hear (and dark tales of VC’s of yore that I’m sure you’ve heard), that, once you dig into it, you’ll also realize are related to this same theme, e.g.

“It was completely crazy, the company just needed a small bridge round, and we could have…