Today we are joined by Ryan Begin. One of the founding members of Divert.
Divert is building food waste to energy plants that have achieved the scale to become profitable, scalable, and impactful in combating climate change.
This is a truly inspiring story as it took them about 13 years to get to the point of proving their technology and perfecting the business model in a way that they could then get serious funding. Serious funding refers to, them now hitting a point of getting funding from Private Equity groups. In particular, Infrastructure funds.
In the conversation, we go through how Ryan got into the space and left the defense space to be part of the founding team at Divert. We talk about the challenges and the milestones along the way. Then in the latter half, we discuss a lot about the financing of their business, how to get to the point of attracting Infrastructure Funding, and how important talent is to the success of your business.
Genuinely engaging conversation and insights from Ryan.
Enjoy this conversation 🌎
Topics:
1:43 Intro and how he came from Defense to Climate
6:10 His CleanTech 1.0
8:56 How the process looks and what they do
15:52 Their business Model
25:23 Once they have the waste
29:11 Carbon Credits?
30:39 Early days of the company
37:53 Financing (PE vs VC + Revenue Quality + TAM + Infrastructure Play)
44:15 How to Prove Growth and Quality of Revenue
47:08 Talent
52:12 The future
Links:
https://divertinc.com/
https://www.next-wavepartners.com/
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Food Waste to Energy; A new Vertical of Infrastructure w/ Ryan Begin (Divert)