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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Topics:
**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
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Links:
**Manik on Twitter: https://twitter.com/ManikVSuri
**Therma Website: https://www.hellotherma.com/our-company **Check out our Sponsor, NextWave Partners:
https://www.next-wavepartners.com/
**Follow CleanTechies on LinkedIn: https://www.linkedin.com/company/clean-techies/
**HMU on Twitter: @silasmahner
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Other episodes you might enjoy:
**Most Recent Episode: Building a Smart AC company to help Solve Climate Change w/ Ran Roth (Sensibo)
#102 - Harvard -> D.E. Shaw -> Obama Administration -> Decarbonizing Refrigeration w/ Manik Suri (GlacierGrid) (fkna Therma)