Today’s guest is Jim McDermott, Managing Director of Rusheen Capital Management, LLC.
Rusheen Capital Management is a Santa Monica, CA-based private equity firm that invests in growth-stage companies in the carbon capture and utilization, low-carbon energy and water sustainability sectors. Prior to co-founding RCM, Jim has started, invested in and run numerous companies. These include: US Renewables Group (Founder & Managing Partner), Stamps.com, Inc. (NASDAQ:STMP – Founder), Spoke Software, Inc. (Founder & CEO), Archive, Inc. (Founder & CEO – sold to Cyclone Commerce), NanoH2O, Inc. (Founder & Board Member – sold to LG Chemical), SolarReserve (Founder & Board Member), Fulcrum Bioenergy, Inc. (Founder & Board Member), Common Assets (Founder & Board Member – sold to NASDAQ:SCTY), SET Technology (Board Member) and OH Energy, Inc. (Founder & Board Member). Jim holds a BA in Philosophy from Colorado College and an MBA from the Anderson School at UCLA.
In this episode we discuss:
Jim’s transition from dot com entrepreneur (back) to energy/climate
Formation and operation of US renewables group
Some examples of companies Jim has backed
His views on impact capital and how it returns relative to a more mercenary approach
Importance and necessity of carbon removal
Role of the big hydrocarbon companies looking backward and forward
Importance of policies like the 45Q tax credit
The emergence of the carbon-to-value economy
Some of the most exciting innovations to keep an eye on
What Jim would do with $100B if he could put it to work to maximize impact in the climate fight
Jim’s advice to people trying to find a way to help
Links to topics discussed in this episode:
Jim McDermott Linkedin: https://www.linkedin.com/in/jamesacmcdermott/
US Renewables Group: https://usregroup.com/
Fulcrum BioEnergy: http://fulcrum-bioenergy.com/
Bret Kugelmass: https://www.myclimatejourney.co/episodes/bret-kugelmass
Carbon Engineering: https://carbonengineering.com/
Renewable portfolio standard: https://en.wikipedia.org/wiki/Renewable_portfolio_standard
Oil depletion allowance: https://en.wikipedia.org/wiki/Oil_depletion_allowance
Low carbon fuel standard: https://en.wikipedia.org/wiki/Low-carbon_fuel_standard
Photocatalyst and hydrogen production: https://phys.org/news/2017-05-photocatalyst-hydrogen-production-efficient.html
You can find me on twitter @jjacobs22 or @mcjpod and email at email@example.com, where I encourage you to share your feedback on episodes and suggestions for future topics or guests.
Enjoy the show!