#146: $50M VC Funding for Sustainably Produced Chemicals Using Fermentation — Matt Lipscomb⁠, CEO of ⁠DMC Biotechnologies⁠

⭐ My guest today is Matt Lipscomb, Founder and CEO of DMC Biotechnologies.
DMC is a Boulder-based biotech company that sustainably produces bio-based chemicals using fermentation, with over $50M in VC funding and a team of over 40 people.
In addition, Matt is a:

Certified Ski Mountaineering Guide

Rock climbing guide and instructor

Director for the American Institute of Avalanche Research and Education

PhD in chemical engineering from the University of Colorado at Boulder


---
🎙️ In this episode, we talked about:

The meaning of metabolic engineering

How rock climbing has taught him to better manage risks as a CEO

His experience seeing glacier retreat has inspired his work

How DMC engineers microbes to standardize fermentation for cost-effective scale-up

The definition of “friend-shoring” and how DMC improves companies’ supply chains

Why his early work in chemical plants led him to where he is today

What he means to cross-train physically and intellectually

The pains of fast growth and techniques he uses to build culture and cohesion while growing 3x this year

Why investors care that you’re founding a company with a former cofounder

The difference between lifespan and healthspan

And lots more


---
👍 Quick favor: Please leave a review or 5-star rating on your podcast player. This helps more listeners discover the climate CEOs and investors I interview here. 🙏
---
🌎 Entrepreneurs for Impact is on a mission to help climate founders, CEOs, and investors scale faster via the #1 peer group community in North America. Our invite-only cohorts grow through monthly meetings, annual retreats, and 1:1 coaching calls. Today’s highly vetted members represent over $8B in market cap or assets under management. ⁠⁠⁠⁠⁠⁠⁠⁠https://entrepreneursforimpact.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠
Programs are led by Dr. Chris Wedding — 4x founder, $1B of investment experience, and Duke University and UNC-Chapel Hill professor, with 80,000+ professional students taught, 25 years of meditation, an obsession with constant improvement, and far too many mistakes to keep to himself.
And here's our weekly newsletter — A 2-minute summary of climate tech startups, impact investing, and leading with purpose (and a sense of humor). ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://entrepreneursforimpact.substack.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠

---

Send in a voice message: https://podcasters.spotify.com/pod/show/entrepreneurs-for-impact/message