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Jonathan Lacoste is an Investor at Space.VC, a Venture Capital firm he started in 2021 after having founded & sold Jebbit (a company focused on aggregating & analyzing user data online for businesses for advertising).
We talk about how his experience at Jebbit translates to the Earth Observation industry, why he moved from founding to investing and the learning-in-public approach he's taking.
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Jeff Crusey is the Investment Director of Seraphim Space, an investing firm specialised in the space industry. They have invested in mulitple Earth Observation companies including Spire, Iceye, HawkEye 360 and Pixxel.
This episode in many ways serves as an introduction to investing - specifically Venture Capital (VC in short) - applied to the world of Earth Observation: How funds are raised, how VCs decided who to invest in and how they do it.
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About Jeff:
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00:00 - Introduction
04:30 - Conversation starts - Jeff presents himself
06:56 - Jeff’s early days
08:48 - Climate Tech in 2008
12:16 - How Jeff got into investing
15:12 - Skills that make a good investor
18:05 - Venture Capital investing at a high level
23:31 - Finding companies to invest in
27:58 - Weighing risk before investing
28:49 - Investing in the Space industry
31:18 - Early projects Jeff invested in in 2012
32:39 - Investing in Earth Observation
36:39 - Data companies & Analytics companies: different models
39:05 - A centralized “Search Engine” of geospatial data
41:53 - Is Google Earth Engine this centralized search engine?
47:12 - Is Earth Observation a giant House of Cards?
49:16 - Metaverse: one of potential huge commercial application
54:04 - Who would build & own a metaverse
55:37 - Monitoring vs Mapping
58:20 - Weather doesn’t make it in most people’s “Earth Observation” list
1:03:15 - Projects that aren’t suited for Venture Capital
1:05:10 - Analytics applications from an investment point of view
1:07:33 - Where does the venture money come from?
1:10:50 - Investing in long term projects
1:13:53 - The exit process
1:14:05 - Exists in Earth Observation: Valuations & Bubbles
1:19:42 - The impact of Starship
1:21:55 - Book & Podcast recommendations
Feel free to reach out!
A year ago, I started this podcast, not knowing where it would go. 18 interviews later, I'm more excited than ever to keep doing more of these, and get even better at it.
This episode is also on Youtube if you'd like to see the video too
Reach out and let me know who you'd like to see on the podcast!
- On the website
- On Twitter
Timestamps:
00:00 - Episode also on YouTube
00:18 - Introduction
00:41 - Quick look back on 1 year
02:14 - Future of Minds Behind Maps
03:18 - The Goal of this podcast
04:22 - Who would you like on the podcast?
05:53 - Thanks
07:08 - Working with Sponsors
09:16 - Conclusion
Thanks for listening!
Jakub Dziwisz is the founder & CEO of Orbify, a company that is attempting to simplify the process of building Earth Observation solutions for any application.
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Jacopo Margutti is a Data Scientist at 510, the Data branch of the Netherlands Red Cross which uses remote sensing, ground measured data and insights from social media to understand & react to humanitarian crisis. During this conversation, we touch on the the work the Red Cross does around impact forecasting of typhoons, how they have helped covid vaccine distribution, but also how to work on a tight budget to provide the maximum amount of help. Jacopo talks about the desire to move towards digital aid - sending money digitally - over physical goods and what the undesired consequences of humanitarian aid might be.
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Sponsor of this episode: Element84
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Jacopo Margutti
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Dan Pilone is the CEO and co-founder of Element84, a software engineering company focused on building geospatial solutions at scale. We touch on Dan's experience working on geospatial software engineer problems and how those have changed over the past decade. We discuss the work Element84 has done to contribute to AWS's Open Data program, as well the journey of co-founding a company with Dan's wife Tracey, and how they're thinking of growth through a people-focused mindset.
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Find previous episodes and other show notes at mindsbehindmaps.com
If you'd like to help support the podcast, please consider leaving a review directly on the website, or on Apple Podcast. This helps showcase the value of the podcast when reaching out to new potential guests.
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About Dan:
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April Speight leads the Spatial Computing Cloud Advocacy team at Microsoft. This team focuses on helping developers understand technology & raise awareness, mostly with the Mixed Reality team, most famous for the HoloLens.
We talk about April's work at Microsoft, but also about her journey from the the fashion industry, to entering the field of Tech in general. We touch on fashion and branding, and what the Tech world can take away from them. Finally, this is also a conversation about Augmented & Virtual Reality, on the privacy aspects of these technology and how they go hand in hand with technical literacy & education.
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Find previous episodes and other show notes at mindsbehindmaps.com
If you'd like to help support the podcast, please consider leaving a review directly on the website, or on Apple Podcast. This helps showcase the value of the podcast when reaching out to new potential guests.
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About April:
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Please feel free to reach out!
Dr Beth Tellman is the Chief Science Officer at Cloud2Street, a company focused on flood monitoring using mostly satellite imagery. They recently published their “Global Flood Database” - featured in Nature - containing 15 years of data on 913 floods with human settlement maps across 169 countries.
In this episode we talk about Beth’s journey to starting Cloud2Street, what being a scientists means to her, as well as what the impact of the Global Flood Database has been. We talk on what one needs to do to actually have an impact; the role data science modelling but also insurance both have and how they work hand in hand. We touch on the open-science approach Cloud2Street is taking, all the while being a privately held for-profit company.
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Find previous episodes and other show notes at mindsbehindmaps.com
If you'd like to help me out, please consider leaving a review directly on the website, or on Apple Podcast.
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About Beth:
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Keith Masback was CEO of the United States Geospatial Intelligence Foundation for over a decade and is now an Angel Investor and Advisor to multiple start-ups, mostly related to Earth Observation & Remote Sensing. Keith started in the US Army, working as an Infantry Officer, and went on to join the National Geospatial-Intelligence Agency.
We talk about Keith's perspective both in the military and in the civilian world of Earth Observation, or as he points out, Geospatial Intelligence. We also touch on what Angel Investing & Advising is and why he does it, as well as talk about the role of leader he's taken on multiple times.
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Find previous episodes and other shownotes at mindsbehindmaps.com
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About Keith Masback:
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Tyler Erickson is a Developer Advocate at Google, more specifically working on Google Earth Engine - a platform providing access to many different Earth Observation datasets merged together - allowing users to focus more time on building their solutions.
We talk about the importance of curiosity across fields to foster innovation, go behind the scenes of Google Earth Engine, and explore OpenET, an application Tyler has worked on that leverages Earth Engine.
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