BlocPower CEO Donnel Baird is on a mission to clean up old, inefficient buildings in America’s cities — and help people who are exposed to the worst pollution.
BlocPower was founded in 2012. It’s raised venture capital from Kapor Capital and Andreessen Horowitz. But that process was not easy for a company with a mostly non-white leadership team. As a Black founder, Donnel was turned down 200 times before any venture firms were willing to back his vision.
“It was really difficult for us raising capital. One of our investors, when I talked to him two or three years ago and said I was struggling to raise capital, he was like, ‘Yeah, man, just hire some white people and send them into the fundraising meetings, and it’ll clear things up,’” explains Donnel.
BlocPower is a Brooklyn, New York startup electrifying and weatherizing buildings in underserved communities — slashing pollution and saving money in the process. This includes housing units, churches and community centers.
And the mission for Donnel isn’t just about hitting milestones for investors. It’s about changing the fabric of underserved communities that are plagued by pollution and energy poverty. That’s because Donnel has lived it himself.
In this episode, Powerhouse CEO Emily Kirsch talks with Donnel about how he channeled his frustration and anger around racial unfairness into a business model for the energy transition.
Listen to all our past episodes of Watt It Takes here. This series is normally recorded in front of a live audience, but we’re now recording the interviews remotely. See future events from Powerhouse here.
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Source: Greentech Media