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.
(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