Nancy E. Pfund, Managing PartnerTBLI Conference Europe 2012November 9, 2012
DBL Investors - Double Bottom Line Venture Capital We are a San Francisco-based firm with a “Double Bottom Line” approach ...
DBL Investors Fund I Exits IPO            IPO June 2011    IPO June 2010   Filed for IPO ACQUIRED              Acquired   ...
Impact Measurement & Metrics Why we measure   o   DBL’s double bottom line mission is grounded in a commitment to metrics...
Job Creation is the Key Metric Investing in sustainable, scalable companies creates net new jobs in a region Job creation ...
Metrics for Fund I                            Fund I Bay Area Jobs Created          4500                                  ...
Metrics for Fund II (2010 Vintage Year)                                   Total Jobs: 2,662                               ...
DBL Portfolio Companies Products Significantly Cleaner ThanIncumbents    OPX BioAcrylic chemicals have         The eco.bot...
DBL Solar Companies Have Contracts That Equate to A Reduction ofMillions of Tons of CO2 Emissions Per Year                ...
Double Bottom Line Program Areas                  Public Policy Assistance                Workforce Development           ...
Company Spotlight Job Creation                              Public-Private Partnership   First investment (2007): 63     ...
Company Spotlight               Revolution Foods  Job Creation                        Public-Private Partnership   First ...
Impact Investing Virtuous Cycle  Invest in sustainable, scalable companies with industry-leading    disruptive innovation...
For More Information       Nancy E. Pfund, Managing Partner       Email: nancy@dblinvestors.com       Phone: +1 415-568-29...
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Double Bottom Line Venture Capital - Nancy Pfund

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TBLI CONFERENCE™ EUROPE 2012 - Zurich - Switzerland

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Double Bottom Line Venture Capital - Nancy Pfund

  1. 1. Nancy E. Pfund, Managing PartnerTBLI Conference Europe 2012November 9, 2012
  2. 2. DBL Investors - Double Bottom Line Venture Capital We are a San Francisco-based firm with a “Double Bottom Line” approach to venture capital investing Our unique strategy:  Venture capital investing with a goal of achieving top-tier financial returns  Proprietary assistance to portfolio companies - delivering social, environmental and economic benefits to our regions Results:  Fund I ($75M) has consistently achieved top-tier financial returns  Successfully closed Fund II in 2011 at $150M  22 active portfolio company investments as of November 2012  Market leading companies creating thousands of jobs with meaningful impact 1
  3. 3. DBL Investors Fund I Exits IPO IPO June 2011 IPO June 2010 Filed for IPO ACQUIRED Acquired Acquired Acquired by Siemens by SunPower by Johnson & in January in January Johnson in 2012 2007 June 2005 2
  4. 4. Impact Measurement & Metrics Why we measure o DBL’s double bottom line mission is grounded in a commitment to metrics o Transparency in social and environmental returns is essential to make informed decisions on current and future investments How we measure Limited Partners help shape reporting requirements o Ford Foundation o CalPERS/CalSTRS o The California Endowment o Banks with Community Reinvestment Act (CRA) requirements What we measure o Quantitative metrics: job creation, quality of jobs-benefits, diversity, companies and employees in LMI/Enterprise Zone o Qualitative metrics: programs in workforce development, community engagement, environmental stewardship, public policy When we measure o Two LP reports per year, combining quantitative charts & qualitative narrative 3
  5. 5. Job Creation is the Key Metric Investing in sustainable, scalable companies creates net new jobs in a region Job creation yields long-term impact on individuals and ultimately on communities through:   Stable income  Wealth creation  Housing  Security  Education  Dignity  Healthcare  Community Revitalization 4
  6. 6. Metrics for Fund I Fund I Bay Area Jobs Created 4500 4,000 4000 3463 3500 3000 2500 2000 1,509 1500 1500 1000 750 500 0 Entry Level Total Jobs over Life of Fund Target Number of Jobs Actual Number of Jobs (6/30/12) Projected Bay Area Job Creation over Life of Fund Over 6,500 total project jobs nationwide by 2014 Fund I geographic focus is the San Francisco Bay Area 5
  7. 7. Metrics for Fund II (2010 Vintage Year) Total Jobs: 2,662 Living in LMI Living in area, and Earning LMI area earning LMI LMI wages 51% wages 36% 65% Net New Jobs Created Since DBL Invested 1423 Total (out of 2,662) Ethnic Minority Employees 926 Total (out of 2,662) Women Employees 488 Benefits Enrollment – Employer Co-pay Health Care 74% Retirement/401K 48% ESOP 99% Diversity of Key Managers (Women, Ethnic Minority) 25%, 14% Company Facility in LMI or Enterprise Zone 64% Company Community Engagement Programs 57% Company Environmental Stewardship Programs 64% Aggregate Second Bottom Line Metrics as of June 30, 2012 6
  8. 8. DBL Portfolio Companies Products Significantly Cleaner ThanIncumbents OPX BioAcrylic chemicals have The eco.bottle uses the potential to achieve an 80% approximately 66% less plastic Tesla’s electric vehicles reduction in petroleum use per than traditional rigid plastic are 0% petroleum-powered kilogram of final product bottles compared to petroleum-sourced As of 3/31/11- Tesla Roadsters Acrylic Acid had driven more than 16 million real-world kilometers- thats nearly 2 million liters of fuel that didnt burn 7
  9. 9. DBL Solar Companies Have Contracts That Equate to A Reduction ofMillions of Tons of CO2 Emissions Per Year Solaria’s net A typical 100MW BrightSource Energy solar environmental power plant will reduce CO2 emissions by impact is at least 131,600 tons per year based on the 16X less than California average CO2 emissions of power Natural Gas and plants of 376 metric tons per GWh 37X less than Coal US Solar Pioneer PowerLight designed and As of 6/30/2012, SolarCity had deployed 201MW of deployed hundreds of large-scale solar power rooftop solar systems with a total capacity of more than 100MW between 1996 and 2006, when acquired A solar system for a typical 3-Bedroom home will by SunPower offset 50 tons of carbon dioxide over 20 years, saving the equivalent of driving a car 160,000 kilometers, the CO2 absorbed by 50 trees or 110,000 liters of water used in electricity 8
  10. 10. Double Bottom Line Program Areas Public Policy Assistance Workforce Development Community Engagement Environmental StewardshipCONFIDENTIAL Second Bottom Line activities improve the First Bottom Line 9
  11. 11. Company Spotlight Job Creation Public-Private Partnership  First investment (2007): 63  SolarStrong program installing 300MW of solar on 120,000 military housing units across the US  October 2012: over 2,000  SolarCity contracted to provide solar installations for over 100 multi-family affordable solar housing projectsVeterans Hiring Program SolarCity created a veterans hiring program which employs 65 veterans (as of Q2 2012) as solar installers, managers/administration, IT, and energy efficiency auditors National veterans hiring program partners include: CA National Guard, JPMorgan Chase’s 100,000 Jobs Hired, Swords to Plowshares, CA Conservation Corps, Veterans Green Jobs and Veterans Affairs offices 10
  12. 12. Company Spotlight Revolution Foods Job Creation Public-Private Partnership  First investment (2006): 2  $500K PRI from Kellogg Foundation provides low- interest equipment financing for New Orleans  October 2012: over 900 kitchen facility Healthy Meals Served  Kaiser Permanente & East Bay Community Foundation grants help to fund Oakland Summer  200,000/day Food Service Program, providing meals for low-  80% to low-income students income kids during summer Employee Financial Literacy In 2012 DBL created and sponsored financial education workshops for entry-level employees (75% of Oakland’s hourly workers attended April and June workshops) Workshops teach value of banking, budgeting and saving, helping convert unbanked employees to banked Partners include EARN and One Pacific Coast Foundation 11
  13. 13. Impact Investing Virtuous Cycle  Invest in sustainable, scalable companies with industry-leading disruptive innovations  Portfolio companies  Create new markets or disrupt existing markets  Create net new jobs: quantity and quality  Deliver measurable social, environmental and economic benefits  Revitalize economically depressed areas & improve local tax base  Asset class of impact venture capital continues to grow with measurable results  Using a Double Bottom Line investment approach helps portfolio companies develop a “culture of impact” 12
  14. 14. For More Information Nancy E. Pfund, Managing Partner Email: nancy@dblinvestors.com Phone: +1 415-568-2910 13

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