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Climate CEOs: Scaling Startups

Energy Efficiency: $500M+ to Transform Commercial Buildings with Budderfly

11 May 2023

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Discover how Budderfly raised over $500M to deliver no-upfront-cost energy upgrades—HVAC, lighting, refrigeration—while slashing bills and carbon footprints for businesses nationwide.⭐ My guest today is Al Subbloie, Founder and CEO of Budderfly, a business that provides 100% of the upfront capital needed to give businesses premium, high-efficiency HVAC, refrigeration, LED lights, and more to reduce their energy costs and reduce their carbon footprints.Backed by over $500M of investor capital, Budderfly uses a combination of patented technologies and proprietary energy software to monitor equipment and collect critical data about business’s energy usage.---🎙️ In this episode, we talked about:- What led to his success building his prior company to 2,500 people over 16 years- How he convinced investors to commit half a billion dollars to grow his company- His unique model of “owning the power bill and the outcome” for his energy efficiency investments- Why this phrase matters: “A % of a larger number is a large number”- How to sell on benefits, not features- Why selling to franchises is a great got-go-market strategy- The power of capitalism to do good in the world- Why he hates to micromanage- What it means to “run towards the (lion) roar”- And lots more---🙏 Hope you enjoy it!📣 And give Al and Budderfly a shout-out on LinkedIn, Slack, or Twitter by sharing this podcast with your people.---👍 Please leave a review or rating on your favorite podcast player. This is the #1 way that more listeners can discover the amazing climate CEOs and investors I get to interview here.---🌎 Entrepreneurs for Impact is on a mission to help climate innovators grow faster with new investment capital, share best practices among peers, expand their networks, and reach their full potential.Here's our weekly newsletter — A 3-minute summary of climate tech startups, better habits, and deep work trends: ⁠⁠⁠⁠⁠⁠https://entrepreneursforimpact.substack.com⁠⁠⁠⁠⁠⁠Our main program is a Climate CEO Mastermind peer group community: ⁠⁠⁠⁠⁠⁠https://entrepreneursforimpact.com⁠⁠⁠⁠⁠⁠Our invite-only cohorts of 12 executives catalyze personal development and business growth via monthly meetings, annual retreats, and 1:1 coaching and strategy calls. Today’s highly curated Mastermind members represent over $8B in market cap or assets under management.Programs are led by Dr. Chris Wedding — 4x founder, $1B of investment experience, and Duke University and UNC-Chapel Hill professor, with 70,000+ professional students taught, 25 years of meditation, an obsession with constant improvement, and far too many mistakes to keep to himself.

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