GigaOM wrote an article about DBL Managing Partner Nancy Pfund, published on March 4, 2012.
“Meeting a wildly successful and positive greentech investor is kind of like spotting a California Condor in the wild: you know they’re out there, but good luck on ever finding one. However, I recently caught a glimpse of one of these endangered species, and her name is Nancy Pfund, a longtime investor and founder of DBL Partners(stands for Double Bottom Line).
Yes, greentech insiders will already know Pfund, who joined JPMorgan in the mid-80′s and founded DBL, which was a spin-out of JPMorgan’s Bay Area Equity Fund I in January of 2008. And also, yes, I’m exaggerating on the endangered species bit (some funds have done O.K.) but for a lot of the greentech investors, it’s been truly hard to stay positive these days. Clean power and battery companies have had their fair share of bankruptcies in recent months, the Solyndra story has become a campaign slogan in an election year, some greentech funds have struggled to raise as much money as they’ve wanted, and still other generalist VCs have told me that they plan to give up on greentech investing altogether.”
