Oct 24, 2023
32. Martin Mulvilhill (Safer Made) on investing in safe chemistry
Martin Mulvihill of Safer Made, a VC firm, talks about investing in startups that eliminate the use of hazardous chemicals in consumer products and supply chains.
OUTLINE
* (00:00) Introduction
* (00:40) Marty’s career path
* (03:10) Motivation for becoming a VC
* (04:38) Safer Made’s origin, mission, and vision
* (05:40) Safer Made’s investment thesis
* (06:05) How Safer Made thinks about and measures impact
* (07:02) Safer Made’s portfolio companies, including P2Science and Repurpose
* (08:58) How Safer Made sources and evaluates investment opportunities
* (10:46) Safer Made’s value add beyond capital
* (12:01) Safer Made’s LPs
(12:27) What makes an excellent deeptech VC
* (14:07) Safer Made’s risk appetite and desired rate of return
* (16:28) Chemical industry and its emissions
* (17:25) Chemical industry’s positive and negative impact on society
* (20:40) Fossil fuel consumption and driver for its reduction
* (22:28) Unintended consequences of increased plastic production
* (24:51) Doubling of chemical industry and curtailing negative effects
* (27:57) Role and responsibilities chemical industry has in advancing sustainability
* (29:51) Safer Made’s relationship and interaction with chemical corporations
* (31:00) Regulation