mosaic is a place for people to grow your money by investing in clean energy infrastructure. youth...
TRANSCRIPT
Mosaic is a place for people to grow your money by investing in clean energy infrastructure.
Youth Employment Partnership51 Lenders: 5 year term: Annual Yield 6.18%*
Overview
Take lending and investment decisions out of the opaque Board room and give it to people, democratizing finance and clean energy
Problem
The stock market is opaque and volatile. Bonds have low yields.
• The confidence of retail investors has been shaken, and yields on secure investments are low.
It’s hard to profitably invest or lend in your community. • Investors want tangibility and to be connected to the power
of their capital.
Solar lending (our first vertical) is a unique challenge.• As with most project finance, market is dominated by a small
number of large investors who only focus on deal sizes >$2M.• There are high transaction costs, overhead, and a lack of
standardization. The cost of capital increases the cost of solar
• The limits and constrain are hurting the industry and inhibiting the proliferation of clean energy and grid parity
Mosaic opens up clean energy investing to the public, making it possible for people to fund clean energy infrastructure in their communities and around the world
The Marketplace
We can do better• Source a lower cost of capital. People can have access to an asset/
first right of offer that previously has only been available to big banks
• Banks have considerable overhead that Mosaic does not through our web platform
• By democratizing capital, we accelerate the inevitable transition to grid parity and clean energy
Accelerate & give visibility for renewable energy finance democratization• Solar Lending, because it is secured by equipment and cash flows,
is less risky than peer-to-peer lending, but with superior than market returns.
• The PR will be huge. Increase awareness about the clean energy economy and ways to participate
Crowd-funding excels when it connects people and passion• Fans of Pabst raised $200M for buyout of company.• Gives long-term engagement opportunity for community to make
money from supporting local infrastructure.
Why Mosaic?
Lower Soft Costs
Baseline 2013 2015 2020$0.00
$0.20
$0.40
$0.60
$0.80
$1.00
Soft Cost Projections*
Baseline
2013 2015 2020
Customer
Acquisition
$0.91 $0.77 $0.38 $0.19
Financing
$0.37 $0.29 $0.17 $0.09
Soft costs can make up to half of total project costs.
Lower Financing Costs• Expand capital
availability• Increase standardization• Automate underwriting
Lower Customer Acquisition Costs• Low-cost lead generation
(by-product of crowdfunding)
• High lead-to-customer conversion rates (leads are already invested in solar)
* for developers on Mosaic’s platform
Estimated averages across residential & non-residential projects
400+ people invested more than $600,000 to finance six rooftop solar power plants.
Traction
The Asian Resource Center: Oakland, CA138 Investors / 98k Invested
People’s Grocery: Oakland, CA70 Investors / 38k Invested
Murdoch Community Center: Flagstaff, AZ90 Investors / 20k Invested
St Vincent DePaul: Oakland, CA80 Investors / 88k Invested
Navajo Home: Navajo Nation, AZ18 Investors / 18k Invested
Youth Employment Partnership: Oakland, CA51 Investors / 135k Invested
Press
“Mosaic is building the world’s first online platform for people to profitably invest in solar power projects”
-New York Times“How New Financing Models Could Make Solar the Facebook of the Energy Industry”
-Forbes
Web Natives Take Aim at Energy – Cleanweb entrepreneurs come armed with computer skills, a profit motive, and a determination to solve environmental problems.
-MIT Technology Review“One day it could be commonplace for a regular person to invest in, and make money by putting solar panels on rooftops.
-Gigaom
“How communities can invest in solar”
-GOOD
Daniel RosenFounder, CEOUnreasonable Institute fellow. Recognized by Forbes as "30-under-30" for energy.
Billy ParishFounder, PresidentCo-founded and grew the Energy Action Coalition into the largest youth clean energy organization in the world.
Arthur CoulstonFounder, PlatformProgrammer with 10 years in web design and online organizing for national non-profits and start-ups.
Tony BakoChief Technology OfficerFormer VP of Engineering at Cramster (acquired by Chegg), and VP of Engineering at Chegg.
Steve RichmondFounder, CFOFounded multiple software start-ups and has a background in strategy and investment banking.
Marco KraepelsDirectorExecutive Vice President at Rabo Bank. 20 years of banking and deep expertise in clean-energy asset finance.
Kristina ShihFinanceBerkeley/LSE grad with experience in real estate finance and private equity.
Greg RosenChief Investment OfficerFormer VP of Solar Finance at Union Bank and Director of Structured Finance at PowerLight/SunPower.
Core Team
