MODERATED BY: JULIE ALLEGRO
Nancy was an early investor in Tesla, SolarCity and SpaceX.
After her investment in Tesla, Elon Musk himself convinced the founders of SolarCity to contact Nancy for a funding.
She said investing in Musk’s companies is “not for the faint of heart.”
DBL Partners is a Venture capital firm whose goal is to combine top-tier financial returns with meaningful social, environmental and economic returns in the regions and sectors in which it invests .
DBL Partners helps big name companies give back. DBL stands for “double bottom line”. The notion that a company can make money -the first bottom line — and make a difference — the second one.
Pfund, 58, is perhaps the most successful venture capitalist with the lowest profile. As the founder of San Francisco’s DBL, she champions eco-friendly companies that also appeal to Wall Street. Pfund was an early investor in both Tesla Motors and SolarCity and saw both stocks take off in 2013.
She’s featured on the list among Elon Musk, CEO Tesla, and powerful women such as Lisa Jackson, VP of environmental initiatives, Apple.
The list includes creatives such as Martin Lotti, VP, global category creative director at Nike, Maria Grazia Chiuri, Creative Director at Dior and much more.
Nancy E. Pfund is Founder and Managing Partner of DBL Partners, a venture capital firm whose goal is to combine top-tier financial returns with meaningful social, environmental and economic returns in the regions and sectors in which it invests.
Nancy is also the Founder of DBL Investors. As a leading player in the growing field of impact investing, DBL has helped to reveal the power of venture capital to promote social change and environmental improvement.
Ms. Pfund currently sponsors or sits on the board of directors of several companies, including; Farmers Business Network, The Muse, Advanced Microgrid Solutions, Off-Grid Electric, Primus Power, and, prior to their public offerings, Tesla Motors and Pandora.
She also served on the board of SolarCity from 2008 until its acquisition by Tesla in December 2016, on both the audit and compensation committees, and chairing its corporate governance committee.
Prior to founding DBL Investors, Ms. Pfund was a Managing Director in Venture Capital at JPMorgan, having started her investment career at Hambrecht & Quist in 1984. Previously, Ms. Pfund worked at Intel Corporation, the State of California, Stanford University and the Sierra Club.
Ms. Pfund was featured #17 in the 2014 FORTUNE Inaugural World’s Top 25 Eco- Innovators; and appeared on Fast Company’s 2016 List of Most Creative People in Business.
She serves on the Advisory Council of the Bill Lane Center for the American West at Stanford University; the Advisory Board of the Lawrence Berkeley National Laboratory (Berkeley Lab); the UC Davis Center for Energy Efficiency, and co- chairs the Yale School of Management Program on Entrepreneurship.
Ms. Pfund is also a Trustee of the National Geographic Society. She has been a Lecturer in Management at the Stanford Graduate School of Business and the Yale School of Management; and is a C3E Ambassador to the U.S. Clean Energy Education and Empowerment Program, led by the U.S. Department of Energy. She is also a founding officer and director of ABC2, a foundation aimed at accelerating a cure for brain cancer.
Ms. Pfund is the author, along with Benjamin Healey of the widely cited report on the history of U.S. energy subsidies entitled, “What Would Jefferson Do? The Historical Role of Federal Subsidies in Shaping America’s Energy Future”, co- authored with Michael Lazar, “Red, White & Green: The True Colors of America’s Clean Tech Jobs”, co- authored with Noah Walker, “Ask Saint Onofrio: Finding What Has Been Lost in A Tale of Two Energy Sources”, co- authored with Anand Chhabra, “Renewables Are Driving Up Electricity Prices: Wait, What?”, and co- authored with Kristofer Holz, “The 2017 Inauguration: Empowering a Clean Energy Nation”.
Ms. Pfund received her BA and MA in anthropology from Stanford University, and her MBA from the Yale School of Management.