347: This Entrepreneur Holds the Record for Two Exits in Carbon Removal. What Does He Think Is Next for CDR?—w/ Jim McDermott, Rusheen Capital Management LLC

Carbon removal only has a few exits. Today’s guest was involved in two of them, and he’s bringing his lessons.Jim McDermott is the founder and CEO of Rusheen Capital Management, LLC, an investment firm that makes a few early-stage bets and works with companies much more closely than most investors do. He's had a long and storied career in energy and as the founder and CEO of Stamps.com.Jim shares his lessons from exiting 1PointFive and Carbon Engineering to Occidental Petroleum (who also just bought Holocene, another direct air capture company). He lays out his case for alternatives to the classical venture approach, and proposes a new philanthropic model he believes has a chance of filling in carbon removal’s (in)famous demand gap.Listen in to lessons for entrepreneurs during tough times and Jim's predictions for direct air capture and the carbon removal sector as a whole.This Episode's Sponsor⁠⁠Arbonics⁠⁠⁠⁠Listen to the RCC episode with Lisett Luik from Arbonics⁠⁠Resources⁠⁠⁠⁠Become a paid subscriber of Reversing Climate Change⁠⁠Rusheen Capital Management, LLC1PointFiveCarbon EngineeringOccidental PetroleumHolocene"Why Oxy’s Acquisition Of Holocene Signals A Maturing Carbon Removal Industry" at Forbes, by Phil de Luna