Sustainable Chemicals: $50M VC + Fermentation Tech Scaling Bio-Based Production

Discover how Matt Lipscomb and DMC Biotechnologies are producing sustainable chemicals with fermentation, $50M in funding, & a 40-person team driving cost-effective scale-up.⭐ My guest today is Matt Lipscomb, Founder and CEO of DMC Biotechnologies.DMC is a Boulder-based biotech company that sustainably produces bio-based chemicals using fermentation, with over $50M in VC funding and a team of over 40 people.In addition, Matt is a:Certified Ski Mountaineering GuideRock climbing guide and instructorDirector for the American Institute of Avalanche Research and EducationPhD in chemical engineering from the University of Colorado at Boulder---🎙️ In this episode, we talked about:The meaning of metabolic engineeringHow rock climbing has taught him to better manage risks as a CEOHis experience seeing glacier retreat has inspired his workHow DMC engineers microbes to standardize fermentation for cost-effective scale-upThe definition of “friend-shoring” and how DMC improves companies’ supply chainsWhy his early work in chemical plants led him to where he is todayWhat he means to cross-train physically and intellectuallyThe pains of fast growth and techniques he uses to build culture and cohesion while growing 3x this yearWhy investors care that you’re founding a company with a former cofounderThe difference between lifespan and healthspanAnd lots more---👍 Quick favor: Please leave a review or 5-star rating on your podcast player. This helps more listeners discover the climate CEOs and investors I interview here. 🙏---🌎 Entrepreneurs for Impact is on a mission to help climate founders, CEOs, and investors scale faster via the #1 peer group community in North America. Our invite-only cohorts grow through monthly meetings, annual retreats, and 1:1 coaching calls. Today’s highly vetted members represent over $8B in market cap or assets under management. ⁠⁠⁠⁠⁠⁠⁠⁠https://entrepreneursforimpact.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Programs are led by Dr. Chris Wedding — 4x founder, $1B of investment experience, and Duke University and UNC-Chapel Hill professor, with 80,000+ professional students taught, 25 years of meditation, an obsession with constant improvement, and far too many mistakes to keep to himself.And here's our weekly newsletter — A 2-minute summary of climate tech startups, impact investing, and leading with purpose (and a sense of humor). ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://entrepreneursforimpact.substack.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠