Impact Investing

The Founder of One of Tesla's First Institutional Investors Explains Why Social Impact Is So Important to Her Strategy

Nancy Pfund and DBL Partners have made big business of the double bottom line.
Guest Writer
1 min read
Opinions expressed by Entrepreneur contributors are their own.

People, planet and profit are three words that Nancy Pfund knows well. As the founder and managing partner of DBL Partners, Pfund and her team were one of the first venture capital firms to make social impact a part of their investment thesis. That double bottom line philosophy led DBL to become one of the first institutional investors in Tesla -- and Pfund to cheekily suggest that Elon Musk forego his private plane to reduce his carbon footprint.

Pfund shared another anecdote of writing an investment check after a chance encounter with Farmers Business Network founders Amol Deshpande and Charles Baron. The entrepreneurs were prepared to take advantage of the run-in and pitched Pfund on the fly.

To craft the perfect pitch for those five-minute windows of opportunity, check out this Alice resource collection.

Other companies in the DBL portfolio include SolarCity, SpaceX, Off Grid Electric, Andela, The Muse and Pandora.


 

More from Entrepreneur

Are paying too much for business insurance? Do you have critical gaps in your coverage? Trust Entrepreneur to help you find out.
Get Your Quote Now

One-on-one online sessions with our experts can help you start a business, grow your business, build your brand, fundraise and more.
Book Your Session

Whether you are launching or growing a business, we have all the business tools you need to take your business to the next level, in one place.
Enroll Now

Latest on Entrepreneur

My Queue

There are no Videos in your queue.

Click on the Add to next to any video to save to your queue.

There are no Articles in your queue.

Click on the Add to next to any article to save to your queue.

There are no Podcasts in your queue.

Click on the Add to next to any podcast episode to save to your queue.

You're not following any authors.

Click the Follow button on any author page to keep up with the latest content from your favorite authors.

To Make Investors Care About The Environment Show Them the Money!