What do product leaders need to consider when finding product market fit with customer insights? The scale and urgency of the transformation required to fight climate change has never been more clear. Building hardware and software products, acquiring the funding and creating a diverse community to enhance talent capacity and to drive innovation, is essential to tackling this global environmental crisis. In this podcast, Silicon Valley Bank (a division of First Citizens Bank) Climate Tech & Sustainability SVP Maggie Wong will be interviewing Carbon Collective Investing President Breene Murphy to discuss finding product market fit and scalability through understanding customer needs, optimizing adoption with user friendly process flow and technology, as well as leveraging market signals and relevant stakeholders to amplify product impact.
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Show Notes
- Maggie Wong hosts the Climate Tech podcast, which discusses products that make the world a better place in climate tech and sustainability.
- Breene Murphy’s personal journey into climate activism was inspired by her grandmother’s legacy and community involvement.
- Carbon Collective Investing was founded to address the issues with passive investing and ESG (Environmental, Social, and Governance) investing, which still include fossil fuels.
- Carbon Collective Investing aims to stop investing in fossil fuel expansion and increase investments in climate solutions.
- The company offers financial products like an ETF and target date funds that divest from fossil fuels and reinvest in climate solutions.
- Educating investors on financial literacy and the importance of investment timelines is a key challenge for Carbon Collective Investing.
- The company pivoted to focus on 401(k) plans, recognizing the demand for sustainable investing in workplace retirement plans.
- Carbon Collective Investing’s “design spike” process aims to create a platform for inclusive decision-making and incorporating diverse perspectives.
- Breene acknowledges the company’s current lack of diversity and the importance of listening to and incorporating diverse perspectives.
- Breene sees the climate tech space as embodying the collaborative and innovative spirit of America.
- The company sees opportunities to use no-code apps to enhance financial literacy and educational resources for HR leaders and employees.
- Breene expresses excitement about the potential for software development to support sustainable investing.
- Aspiring climate product managers should research the climate world using resources like “Designing Your Life” and Project Drawdown.
- Connecting with communities and networks in the climate tech space is crucial for aspiring product managers.
- Product managers should focus on their strengths and market signals, iterating from a solid foundation.
- Understanding the organization’s mission, consumer base, and metrics are key for successful product management.
- Startups often die from drowning in too many options, rather than thirst, so focus is essential.
- Breene emphasizes the importance of understanding where the market is pulling you and solving the problems that consumers want solved.
- This episode aims to inspire and educate product managers and industry professionals about the importance of addressing climate change.