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  • The Green Knight: US Cleantech Energy Policy => #fail
    administration since these organizations are the source of so much job growth but if that really is the goal put your money where your mouth is So where does that leave the cleantech entrepreneur Looking for capital from traditional private sources VCs etc That sounds well and good except that the VCs aren t investing much in early stage cleantech deals There is lots of great PR about the 4B invested last year in cleantech that sounds great When you dig deeper though the vast majority of this is mezzanine late stage investment in companies that are already quite mature relative to new startups and project finance e g financing the construction of a wind farm So you have cleantech entrepreneurs like me with a market validated concept that is so much more than just green for green s sake Smart Office Energy Solutions reduces office and office like building energy consumption by 25 with payback periods of less than two years for our clients You don t have to be a green zealot you don t have to care about our nation s energy security you don t have to care about dwindling energy supply for this to make sense you just have to care about saving money which we do so much better than the traditional capital intensive retrofit solutions that are already out there And yet we re spending months out there trying to raise capital from professional and private sources that are still pretty risk averse gun shy from the beating everyone took in the recent downturn Oh and by the way the government just passed regulations to make it harder for us to legally take investment from private sources We are the exact poster child of what the administration claims to want to support and yet we are killing ourselves just trying to move along Maybe I m wrong about this Maybe our idea sucks Maybe I m just very bad at raising funds it is my first time after all I readily admit that this is quite possible But I see many other great ideas entrepreneurs out there in the same situation while at the same time the capital markets are throwing ridiculous bubble style money on social media companies that have yet to show any true value creation I was in Washington DC the week that Obama was elected and I was electrified excited In front of the Lincoln Memorial I signed a huge card to him Above my signature I wrote Lead us to a better energy future Instead I ve seen him spend a lot of political capital getting more people insured by a healthcare system that is totally broken Stay tuned for a subsequent blog post on this and take very few ineffective steps on energy A better energy future will not be attained by doling out government funds for slow academic research and deployment of existing technologies In fact it isn t the government s position to dole out

    Original URL path: http://greenknig.ht/2011/02/us-cleantech-energy-policy-fail.html (2016-02-01)
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  • The Green Knight: The IMD Global Leadership Challenge is Over!
    was I would be myself I can t think of anything more worthwhile than working feverishly to address the global energy challenge with innovative business ideas Entrepreneurs can change the world Many of us may fail but those who ultimately succeed ensure that none of our attempts has been in vain This turned out not to be very original as many other quotes also bore the I would be myself theme However thanks to the efforts of my friends family colleagues and others who not only voted for my quote but also called others to do the same I finished with 532 votes 18 in the entire contest earning me 392 out of 400 points The Collaborative section is clearly the one that boosted my total score up to 27 top 1 and that is incredibly fitting In real life as well my major achievements are attributable to the contributions of others whether those on my immediate team or those who provide me with the support I need to achieve on my own Tremendous thanks go out to those who kept voting for me day after day and especially to those who engaged others to join them As always I stand on the shoulders of giants and I only hope that I can give back even a fraction of what you have done for me Posted by Bryan Hassin at 22 55 Email This BlogThis Share to Twitter Share to Facebook Share to Pinterest Labels imd IPE leadership No comments Post a Comment Newer Post Older Post Home Subscribe to Post Comments Atom About Me Bryan Hassin Cleantech entrepreneur with global experience Rice Owl IMD alum and lover of both wine and sports View my complete profile Google Badge Twitter Blog Archive 2016 1 January 1 2015 28 December 3

    Original URL path: http://greenknig.ht/2011/02/imd-global-leadership-challenge-is-over.html (2016-02-01)
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  • The Green Knight: 2010 Wrap-Up
    complete diet The calories I was consuming were relatively balanced and came from fresh mostly local sources and that is my real priority 5 1 hour of Wii workout week See above for explanation about why I eliminated this goal 6 1 hour of flexibility work week I adhered to this pretty strictly for the first half of the year but A it was tough to meet my calorie burn goals when devoting so much time to stretching and B I just really had a hard time getting psyched up for it I m a big believer in doing what motivates you exercise shouldn t be a chore So eventually I began incorporating flexibility into other areas of my life like reading freeing up dedicated exercise time for higher intensity activities 7 Win Men s doubles A beach volleyball tourney Failed I competed in only two tournaments this year with a 3 out of 5 best placing Heading to Switzerland for the summer prime tourney season hurt my opportunities and the last tournament of the season here in Houston in which I was scheduled to compete was canceled wiping out my last chance Doh 8 Run three races Accomplished by early April 9 Run a 5k race under 22 00 Accomplished by the end of January My PR going into 2010 was 23 45 but my first race of the season brought me a new PR of 21 43 As I trained throughout the rest of the year I brought my best time down to 21 07 10 Run a 10k race under 47 00 Accomplished by early April I originally set this goal at 55 00 but my training run times were coming in in the low 50s in January So I revised this down to 50 00 but my first really hard training run in preparation for a March 10k race finished in 47 50 So I set my new target at 47 00 which I barely missed in the March race 47 02 but blew through at a 10k race in April 45 56 11 Swim 2 000 consecutive meters Accomplished by the end of March 12 Read one book for pleasure each month Accomplished even read one more Professional Relationships 1 Mentor help at least one person each week Accomplished 2 Engage at least one of my own mentors each week Accomplished Development 1 Read at least one professional book book summary or article each week Accomplished 2 Develop foreign language skills at least once each week Accomplished Productivity 1 Post to do goals at the beginning of each day and accomplishments at the end of each day Accomplished but I m not sure this was as useful as it could have been Look for a subsequent post from me about this issue in greater detail Smart Office Energy Solutions 1 Close 100k seed investment round by end of March Accomplished Even oversubscribed by 50 2 Several other goals that were no longer relevant weeks into

    Original URL path: http://greenknig.ht/2011/01/2010-wrap-up.html (2016-02-01)
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  • The Green Knight: A White Christmas
    tended by good friends of ours in Houston it was helpful that her parents have a golden retriever too We spent Christmas Eve at her aunt uncle s house which was filled to the brim with family food and song The Martin clan Katie s mother s side definitely has a much more musical orientation than I grew up with but they seem willing to accept me anyway I won the coin toss and the other boyfriend Katie s sister s had to don the Santa outfit and bring presents for all the kids He was a good sport about it and hammed up the role Christmas Day was spent at Katie s parents house We had a tremendous Christmas breakfast opened presents and then spent awhile playing in the snow Snowball fights snow angels snow fort construction even a snow scavenger hunt for hidden tins of Katie s mother s famous dark chocolate waffle cookies It was a blast and our four year old nephew who loves pirates was particularly excited when we began firing snow cannon balls from our snow pirate ships The evening was spent at the new house of Katie s brother and his family When I first met him 10 years ago he was still in middle school Now he is married expecting a second child in March owns a house and has already served his country with a foreign tour of duty I ve seen many middle school good kids somehow lose their ways as they grew older so it is heart warming to see it the other way around good kids growing into good adults with good lives And it helps that their first son is frickin adorable Katie s family threw an engagement party for us on Sunday which was really fun There were family members friends and of course lots of food It was fun meeting some new folks catching up with some whom I hadn t seen since the very first time I came to Minnesota and just generally feeling incredibly welcomed into a big awesome family Katie s family catered the entire affair which I know was a real undertaking but the end result was just marvelous We capped off the evening with a bonfire to celebrate Katie s aunt s birthday a big old bonfire in the middle of the snow We returned on Monday after a wonderful trip that was too short I don t understand all of these complaints I had heard about Minnesota winters Sure there was a lot of snow but that was very welcome to this snowball fighter Sure it was cold but there was so much warmth from family and friends that you could hardly notice So while I am currently enjoying the 70 degree weather back in Houston my first Minnesota winter experience was pretty darned good Posted by Bryan Hassin at 15 52 Email This BlogThis Share to Twitter Share to Facebook Share to Pinterest Labels Christmas Katie Minnesota snow

    Original URL path: http://greenknig.ht/2010/12/white-christmas.html (2016-02-01)
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  • The Green Knight: Happy Birthday, Smart Office Energy Solutions!
    are at the precipice of a new year In some ways very little has changed For example we are setting out to raise a new round of investment exactly as we were doing this time last year In many ways however our world is totally different As we look to the future we have a business plan rooted in proven facts rather than hypotheses We have an extended team of contributors many times larger and more effective than the original set of founders We have a growing set of stakeholders clients investors policy makers resellers suppliers policy makers and cleantech pundits who believe in what we are doing and provide daily encouragement Moreover through our modest efforts thus far we have eliminated almost a full megawatt hour of energy use saving more than 10 000 tons of CO2 the equivalent to having planted more than 200 trees Relative to our grand ambitions that isn t much but it s a great start As I have blogged about before this path hasn t been easy There is great uncertainty as we develop a market that doesn t exist yet with an approach that hasn t existed before I must always give credit to my secure bases my business and personal relationships who provide the support I need to keep going without them I would be lost So happy birthday Smart Office Energy Solutions many happy returns Posted by Bryan Hassin at 12 36 Email This BlogThis Share to Twitter Share to Facebook Share to Pinterest Labels Smart Office Energy Solutions No comments Post a Comment Newer Post Older Post Home Subscribe to Post Comments Atom About Me Bryan Hassin Cleantech entrepreneur with global experience Rice Owl IMD alum and lover of both wine and sports View my complete profile Google Badge

    Original URL path: http://greenknig.ht/2010/12/happy-birthday-smart-office-energy.html (2016-02-01)
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  • The Green Knight: The Price of Freedom
    jurors was selected for each case and the trials were held Because this was municipal court traffic tickets and such all trials were guaranteed to end the same day I spent the morning working on my laptop and my name was never called There was a lunch break and then my name was called in the early afternoon how exciting In the courtroom each juror introduced himself out loud name profession area of town inhabited and then underwent voir dire There wasn t too much biting examination just general questions about prejudices biases and understanding of the judicial process Frankly I don t think the lawyers were as concerned about selecting a jury as they were about pre seeding all of the potential jurors with the main arguments of their cases I was not one of the six selected for that jury so I returned to the jury room downstairs After another hour or so I was paid 6 for my time and released 6 jury service sure pays better than cleantech entrepreneurship While I was in the courtroom for the jury selection process I was struck by how much the whole ordeal was costing Following is a very crude back of the envelope estimate of the costs involved for a single day Building 10 000 to rent a building that size for a day another 10 000 for utilities insurance and other assorted operations costs 20 000 Personnel 100 county employees averaging 50 000 year 200 workday 20 000 Juror missed work 100 jurors averaging 50 000 year 20 000 Juror pay 100 jurors at 6 600 Transportation 10 per employee juror defendant let s say there were 1 000 defendants 12 000 Total 73 600 There were maybe 10 cases that went to trial all day so that s 7 360 per case Wow more than 7k to try a 100 traffic ticket At first blush that seems incredible but on closer inspection it actually makes sense This goes back to something we studied at IMD a group s decision making process can be evaluated on two criteria efficiency and effectiveness Efficiency measures how quickly the group arrives at a decision while effectiveness measures the quality of the decision the group produces Generally the more efficient the process the less effective it is E g a quick straw poll with no discussion for an immediate decision and vice versa More effective decision making processes E g long debates careful evaluation of all options striving for consensus etc come at the cost of efficiency Our judicial system is set up to be WAY out on the effective end At the other end of the spectrum would be a single judge autonomously pronouncing judgement on each case without even hearing any arguments 7k per trial buys us the guarantee of due process and an impartial jury of our peers It is literally the price of freedom the price of fairness Put in context like this I ll pay it gladly

    Original URL path: http://greenknig.ht/2010/12/price-of-freedom.html (2016-02-01)
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  • The Green Knight: Thanksgiving with Max
    Huck Finns exploring the woods together chasing after animals and wrestling around Wednesday evening another aunt of mine threw Katie and me a little engagement party which was a lovely affair We wined and dined and celebrated with our family and some close friends It must have been a great ordeal to organize and execute but it was a really wonderful way to start off the long Thanksgiving weekend Thursday we attended two different Thanksgivings meals both of which were absolutely excellent Friday we spent all day cooking lazing around and watching football what a great way to spend time Saturday there was one final Thanksgiving get together and then we hit the road back to Houston Max s hips were so sore from all the running around that he actually needed some help getting into the car Needless to say he slept allllll the way home tuckered out from his great country adventure Sunday we headed over to a Houston friend s house for yet another Thanksgiving dinner and yet more football I wish this could go on forever It was a fantastic holiday weekend but it was also a time for reflection Katie and I both are so very thankful for so many things in our lives but most especially for the people For loving supportive families for fun interesting friends for capable driven colleagues for good neighbors for all of these we are incredibly thankful We try our best to give back and be as positive a force in others lives Happy Thanksgiving everyone Posted by Bryan Hassin at 10 33 Email This BlogThis Share to Twitter Share to Facebook Share to Pinterest Labels Hot Springs Max Thanksgiving No comments Post a Comment Newer Post Older Post Home Subscribe to Post Comments Atom About Me Bryan Hassin

    Original URL path: http://greenknig.ht/2010/12/thanksgiving-with-max.html (2016-02-01)
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  • The Green Knight: The Right Path
    population booming developing world He talked of healthcare water and democracy but he contended that ultimately energy is the keystone that must be addressed I agree He challenged the audience especially the students to come up with innovative ways to produce transmit and use energy Again I agree I have devoted my professional career to it He espoused the Silicon Valley mantra of shots on goal an admission that many such ventures will probably fail to induce massive change but we have to take those shots to ensure that eventually some of them score This mentality is part of what motivates me every morning even if Smart Office Energy Solutions were to fail spectacularly we would have helped advance the state of the art such that the next shot has an even greater chance of reaching its mark Of course I believe that Smart OES will succeed rather than fail spectacularly but it is encouraging to hear words of encouragement from someone older cleverer and much more successful than I More pointedly it is encouraging when such words come from a really big deal investor while we are in the midst of our new capital raise Of course Doerr s words weren t meant for me per se but everything in them seemed to say to me Keep at it you re on the right track Being an entrepreneur can sometimes be a lonely frustrating exercise especially when you are as extroverted and impatient as I am Success however you define it always seems to be just an inch further than you can reach or just a step further on the path than is illuminated As such Doerr s words fell on receptive re encouraged ears Posted by Bryan Hassin at 17 56 Email This BlogThis Share to Twitter Share

    Original URL path: http://greenknig.ht/2010/11/right-path.html (2016-02-01)
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