$3.6B crypto hack recovered + Segment co-founder Peter Reinhardt’s next bet: Charm Industrial | E1382




This Week in Startups - Video show

Summary: We have a great interview today! But first, Molly and Jason cover one of the craziest stories of the year. A couple has been charged with conspiring to launder ~$3.6B worth of crypto from the 2016 Bitfinex hack (2:14).<br> <br> Today’s Guest is Peter Reinhardt, the co-founder of Segment, a customer data platform that sold to Twillio for $3.2B. Peter discusses his new company, Charm Industrial, which is focused on carbon capture and removal. In addition to his takeaways from selling Segment (42:00), you will learn:<br> 1. How they turn agricultural waste and biomass into a high-carbon fuel<br> 2. The carbon-removal benefits of injecting the bio-fuel into old oil wells<br> 3. Why carbon capture is an important piece of getting to Net Zero<br> 4. The potential impact of Charm Industrial if it succeeds (total CO2 tonnage)<br> 5. Why this process differs from more passive ways of carbon offsets<br> 6. How he landed customers like Shopify &amp; Stripe (and why he thinks companies will continue to do this, even without government regulation)