Nancy Pfund

Lecturer in the Practice of Management; Managing Partner, DBL Investors

Nancy E. Pfund is founder and managing partner of DBL Investors, a venture capital firm located in San Francisco, whose goal is to combine top-tier financial returns with meaningful social, economic and environmental returns in the regions and sectors in which it invests. As a leading player in the growing field of "impact investing", DBL has helped to reveal the power of venture capital to promote social change and environmental improvement, and Pfund writes and speaks frequently on this topic. Pfund currently sponsors or sits on the board of directors of several companies, including; SolarCity (NASDAQ: SCTY) on both the audit and compensation committees, BrightSource Energy, Primus Power, Eco.logic Brands, EcoScraps, OPx Biotechnologies, Powergenix and, prior to their public offerings, Tesla Motors and Pandora Media. Prior to founding DBL, Pfund was a Managing Director in Venture Capital at JPMorgan, having started her investment career at Hambrecht & Quist in 1984. Previously, Pfund worked at Intel Corporation, the State of California, Stanford University, and the Sierra Club.

Pfund is chair of the Advisory Council of the Bill Lane Center for the American West at Stanford University; a member of the Advisory Board of the UC Davis Center for Energy Efficiency; Lecturer in the Practice of Management at the Yale School of Management; a board member of the California STEM Learning Network (CSLNet); a C3E Ambassador to the U.S. Clean Energy Education and Empowerment Program, led by the U.S. Department of Energy; and is a founding officer and director of ABC2, a foundation aimed at accelerating a cure for brain cancer. In 1988, President Bush appointed Pfund as a charter member of the National Advisory Council for Environmental Policy and Technology. In 1999, Pfund was appointed by President Clinton to serve on the Congressional Web-Based Education Commission.

Pfund is the author, along with Benjamin Healey of the widely cited report on the history of U.S. energy subsidies entitled, “What Would Jefferson Do? The Historical Role of Federal Subsidies in Shaping America’s Energy Future”, co-authored with Michael Lazar, “Red, White & Green: The True Colors of America’s Clean Tech Jobs” and co-authored with Noah Walker, “Ask Saint Onofrio: Finding What Has Been Lost in A Tale of Two Energy Sources”. 

Pfund received her BA and MA in anthropology from Stanford University, and her MBA from the Yale School of Management.