Entrepreneur in Residence (Deep Geothermal Energy)

Our Game Plan

Are you hyped about solving humanities energy problems? Are you ready to deliver one of the biggest engineering feats in history? If so, we’ve got an opportunity for you to lead the charge in unlocking Earth’s most abundant and untapped energy source: ultra-deep geothermal energy.

We believe the solution to the planet’s energy problems lies beneath us. Geothermal is an almost abundant green energy source that is, unfortunately, currently limited to specific geological conditions. How do we overcome that? By drilling very, very deep - deeper than ever before. This way, we can unlock geothermal energy everywhere on the planet on a massive scale. The physics check out - it’s a pure engineering challenge. We have spent the last months on deeply researching this opportunity and have developed a playbook to build a truly transformative deep geothermal energy company. Now, we are assembling a team.

What You Will Do

• Lead the Charge: You are building this from the ground up with a team of likeminded people!
• Initiate the tech development: We have an idea on how to do it, but you will take over the R&D. Identify solutions for core tech risks. Plan the lab and testing facility. Start testing and prototyping of mission-critical parts.
• Initiate the business development: Identify sites and partners for pilot projects. Work out an early business case. Start grant applications and initiate fundraising.

Who We Are Looking For

This feat will not be a one man/woman show and we have several important roles in mind that we want to bring together as a team.

• Rockstar engineers with a proven track record of solving complex & multidisciplinary problems.
• Diverse engineering backgrounds: We need to think outside the box and can’t stick to industrial conventions. Of course, we are also looking for experts in drilling technology and geothermal power.
• Commercial savviness: We need people who solve drilling, but also have the ability to turn it into an exciting business.
• Hands-on contributors: You are leading the charge. We need you to get your hands dirty in a small team, but still be able to grow the organisation later.
• You need to burn for solving renewable energy. This is just the kick-off, and we need you to be ready to go the distance. We need people who see this from inception to scaling.

Your Trajectory With Us

Kick-Off Phase:

• The initial phase is a 4-month sprint. We will support you with kick-off funding during this period.
• The goal of this phase is to lay the groundwork for the next financing round.

Take over:

• After the kick-off phase, you have the chance to take over as a founder and lead the company through the fundraising process and beyond.
• We have enough ammunition for a follow-on investment and will leverage our investor network to support you.
• As a founder, you are in full control and have unlimited upside.

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Are you ready to solve energy by drilling very deep holes?
Let’s get in contact if you're hungry to rip this project out of our hands!

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About FMV

• First Momentum Ventures is one of the most audacious and ambitious Venture Capital endeavours of this generation.
• In the last few years have made over 45 investments and have become a pioneer of dedicated Pre-Seed investing in Europe with a focus on B2B and deep tech startups. Portfolio examples are Turn2X, Daedalus and Quantum Diamonds.
• We have built the most technical VC team in Europe to understand and assist deep tech founders. We strive to supercharge our teams from day 1 with a broad industrial network, dedicated recruiting support and technical sparring sessions.
• Many of our portfolio companies successfully raised sparkle follow-on rounds from the best European and US investors including Khosla Ventures, Earlybird and IQ Capital.