Chris Kemper, founder of climate tech company Palmetto, has looked to his company's advisory board as a way to help navigate the ever-changing clean energy industry.
But meeting that lofty challenge is increasingly not just a function of Kemper's gained expertise in renewables and clean technology from stints at the UN and financing clean energy projects in developing countries before founding Palmetto, he told us recently. "You've got to deal with all sorts of stuff," he said, rattling off several topics from international and domestic policies to the evolution of AI and building towards potentially becoming a public company.
"When I'm looking at part of the business, trying to think outside of the box, or this is the problem I'm trying to solve, I think, okay, who has done that really well? What businesses have operated like that? Who is behind that? That's my mentality, and then I figure out how do I get to that person," he said.
"We decided it would really help us to bring in an advisor who could really help us understand the lay of the land from a macro perspective," Kemper said. "We were able to meet Larry and talk through how he could be a value add." Kemper said the company is looking to Summers for thoughts and updates on things like its 18- to 24-month rolling plan, how it should be managing treasury and corporate cash, how it should manage price points to consumers, and private placement of its paper, among other things.