MCJ Collective LP Report (Q1 2022)
In the spirit of transparency, we are publishing as much of the contents of our quarterly letter to our Limited Partners (the investors in our MCJ Collective venture funds) as allowable from a confidentiality standpoint. Here is our full public report from Q1 2022 and of course you may always view our publicly announced MCJ Collective investments on our portfolio page. We hope you enjoy the insights herein.
Dear MCJ Collective LPs,
As the consequences of climate change continue to beset our planet and those around the world struggle to emerge from the grips of a grinding pandemic, we are further heartbroken by the recent turmoil unfolding in Ukraine. Like many of you, we are left distraught and speechless by the images of tragedy and suffering and extend our thoughts to all of those who may be directly affected by the conflict. While the war is driven by many complex historical and geopolitical factors, it is hard to ignore how the reliance on fossil fuel exports from one nation has become one of the central issues. We hope for an end to the fighting, a safe return for all those displaced, and increased scrutiny on fossil fuel dependence to hasten the transition to a renewable and clean energy future. If there are any parallels to draw from all of these concurrent crises, it is that the most dire events are inherently global and require united and international fronts to achieve resolutions.
Turning to MCJ Collective, we saw exciting progress in the first three months of 2022 across our efforts in content, community, and capital. We have never been more encouraged that this three-pronged “flywheel” offers us a unique and durable advantage to source the most-promising opportunities, support our portfolio founders in meaningful ways, and build a fund that authentically represents our values. Among the principles we seek to advance, furthering the cause of Diversity, Equity, & Inclusion (DEI) is paramount. We genuinely believe that integrating DEI at the heart of everything that we do helps to foster a more just and equitable world. Moreover, given the far-reaching scope of climate change, we view backing founders with lived experiences from all parts of the globe as critical. In this report, we detail our objectives in regards to DEI and how we are currently performing. As always, we welcome your thoughts and feedback as we lay the groundwork for what will be a long-term effort.
While the world is contending with compounding challenges, we are inspired by the many entrepreneurs who have committed their talents to addressing climate change. We remain wholly optimistic that a better, more just, and sustainable world is possible and we thank our limited partners for your ongoing support as we do our part to make this a reality.
Sincerely,
Jason, Cody, Thai, Yin, and David
