May 28 • 51M

#102 - From Harvard, to D.E. Shaw, to Obama Administration, to Refrigeration w/ Manik Suri (Therma)

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Silas Mähner
CleanTechies is a Podcast and Newsletter where Silas speaks with Founders and VCs in the ClimateTech space to discuss building and investing in solutions to Climate Change.
Episode details

In this episode, Silas Mahner (@silasmahner) speaks with Manik Suri (@ManikVSuri) the Founder and CEO of Therma, an IoT device + software company that helps any organization using refrigeration to reduce cap ex and as a by-product, reduce the dirty energy assets on the grid.

We cover his background, the problem and solution they are working on, and then go through building the business with a heavy focus on the work of raising money. Manik has a really interesting background having been a top achiever academically, going on to PE, and then government prior to launching Therma.

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**1:20 Intro and Origin of Interest in Climate

**4:02 The Problem

**7:22 Electricity bill

**11:38 The Solution

**13:52 Cost and ROI

**16:13 The Origin of the Idea

**24:07 How his work in PE and Gov Influenced him

**27:55 Carbon Abatement

**31:13 Advice for Raising Capital

**41:11 VC Issues & Thoughts on the Macro Environment

**44:19 Discussion on VC Investing broadly

**48:31 The Future




**Manik on Twitter:

**Therma Website: **Check out our Sponsor, NextWave Partners:

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**HMU on Twitter: @silasmahner


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