Posted on

The answers to real estate’s climate tech questions may be all around us


Dave Mullen

Dave Mullen is an investor at SVB Capital, where he focuses largely on fintech, proptech and insurtech. Dave was previously an investor with Wells Fargo’s principal investment arm and is currently the proptech vertical lead for the EVCA.

More posts by this contributor

Fintech founders can learn a lesson about frugality from these industry leaders

If you haven’t seen Adam McKay’s “Don’t Look Up” starring Meryl Streep, Leonardo DiCaprio and Jennifer Lawrence, you should. The film speaks to an existential, albeit preventative, threat to our world, and well, no one seems to care.
While an allegory, this political piece reflects the climate reality for many. For those who do care, there is no shortage of confusion on how to best tackle this looming threat.
But what if an answer was lying right in front of us? Take that an astounding 40% of global greenhouse gases come from the “Built World.” Forty percent is quite the figure in the context of what’s at stake. In this case, do look up — and to the right, and to the left, because the answer might be all around.
Front and center come the estimated 97 billion square feet of commercial real estate. Despite this sizable footprint and impact on climate, lack of awareness and the real estate industry’s sluggish pace of tech adoption have hampered action until recently.
Adding to this have been misperc …

Read More