Published Jul 7, 2024

First Time Founders with Ed Elson – This Founder Raised $900M to Power the Grid

Scott Galloway delves into groundbreaking energy innovations with Mateo Jaramillo, CEO of Form Energy, examining how iron air batteries could revolutionize energy storage and combat climate change amidst rising energy demands, while highlighting the critical role of leadership and vision in creating transformative solutions.
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Episode Highlights

  • Vision & Leadership

    Mateo Jaramillo emphasizes the critical role of vision in leading a company, drawing inspiration from a passage in Proverbs that states, "people will perish for lack of vision." He believes that a clear vision is essential for the survival and success of a company, especially when creating a new category in a nascent industry 1. Mateo's leadership style is understated, focusing on expertise and collaboration rather than charisma. He values a high standard of excellence and empowers his team to achieve their best work 2.

    It's not about me, it's not about the management team. It's about the vision that we're setting as a company and the impact that we hope to go have.

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    This approach is influenced by his parents and his background in divinity, promoting humility alongside a strong vision.

       

    Founders & Fortune

    Founding a company requires a blend of experience, collaboration, and a bit of luck. Mateo Jaramillo shares that his previous experiences, including a failed battery company, taught him the importance of having multiple technical approaches and a strong team of co-founders 3. He believes that the collective wisdom and experience of his co-founders have been crucial to Form Energy's success. Mateo's journey into energy storage was driven by a sector bet rather than a company bet, leading him to co-found Form Energy after merging his initial company with a research team from MIT 4.

    Sometimes the universe works the way that you want it to, but you don't know that going in.

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    His commitment to the energy storage sector is unwavering, fueled by decades of industry experience and a clear vision for the future.

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