Jim Mcdermott Email and Phone Number
Mr. McDermott is a co-founder and the managing partner of Rusheen Capital Management, LLC ("RCM"). RCM is a Santa Monica-based private equity firm investing in energy, environment and sustainability. Prior to forming RCM, Mr. McDermott founded and ran US Renewables Group ("USRG"), a private equity firm focused on renewable power, clean fuels and energy infrastructure. As an investor and entrepreneur, Mr. McDermott has started, run and invested in over 25 companies. Examples include: Stamps.com, Inc. (NASDAQ: STMP) (Founder & CEO), NanoH2O, Inc. -- acquired by LG Chem (Founder & Board Member), Fulcrum BioEnergy, Inc. (Founder, Executive & Chairman), Moleaer, Inc. (Founder & Board Member), Carbon Engineering (former Board Member and sold Occidental), 1PointFive, Inc. (Founder and CEO -- sold to Occidental), Avnos, Inc. (Founder and Board Member), Carbon Ridge, Inc. (Founder and Board Member), and Zero Industrial (Founder and Board Member).
Rusheen Capital Management, Llc
View- Website:
- rusheen.com
- Employees:
- 3
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Founder And Managing PartnerRusheen Capital Management, LlcSanta Monica, Ca, Us -
Founder & Managing PartnerRusheen Capital Management, Llc Jan 2015 - PresentSanta Monica, Ca, UsRCM invests in and assists companies that focus on resource efficiency and leveraging waste streams as new resources. The coming demand for new technologies & business models that deliver resource efficiency will be equivalent to a second industrial revolution and the largest value creation opportunity of the 21st century. RCM is led by Jim McDermott and Jeff Green, experienced venture-backed entrepreneurs and fund managers who together have founded and/or managed 9 de novo companies, 2 corporate spin-outs, 1 university spin-out and 15 private equity investments. Notable examples include stamps.com (www.stamps.com – NASDAQ:STMP), Fulcrum BioEnergy (www.fulcrum-bioenergy.com), and NanoH2O (www.nanoh2o.com – sold to LG Chemical). RCM and its affiliates have sourced, raised and invested over US$2 billion from leading venture capital funds, family offices, public pension funds and global corporate investors for companies and projects around the world, including founding the US Renewables Group (www.usregroup.com), one of the US’ largest clean energy private equity firms (11 professionals; 29 investments; US$1billion AUM). -
Board MemberPermianlide (Permian Tank) Mar 2023 - PresentOdessa, Texas, UsHeadquartered in Odessa, TX – in the heart of the Permian Basin – PermianLide has over 40 years of operating experience. PermianLide has two manufacturing plants and distribution centers across Texas servicing the Permian Basin along with the Eagle Ford, Haynesville-Bossier, and Anadarko, as well as other major U.S., plays.In October 2020, New Permian Holdco, LLC acquired Permian Tank & Manufacturing, Inc. and operates today through a registered d/b/a through the established Permian Tank and PermianLide brands. -
Founder & Lead InvestorCarbon Ridge Jan 2022 - PresentSanta Monica, California, UsCarbon Ridge's technology provides a fuel - agnostic solution to decarbonize maritime vessels. -
Founder & Board MemberAvnos, Inc. Jan 2022 - PresentLos Angeles, Ca, UsAvnos is commercializing the most advanced technology in the Direct Air Capture of CO2. The company's hybrid direct air capture (HDAC) solution inverts the water paradigm in DAC, producing water, eliminating heat consumption, and reducing costs compared to other forms of DAC. -
InvestorRemora Apr 2021 - PresentCarbon removal for semi trucks. -
InvestorCarbonvert Inc. Aug 2021 - PresentDenver, Colorado, UsCarbonvert is a Carbon Capture & Storage (CCS/CCUS) Project Development & Finance Company that simplifies decarbonization for industrial emitters. We eliminate capital cost and remove development risk while providing predictable benefits our customers can bank on. Carbonvert manages the financial and technical complexities of CCS/CCUS project development so you can focus on your core business, add a new revenue stream, and make the world a better place. -
Board Observer & InvestorMoleaer Inc. Jan 2017 - PresentHawthorne, California, UsMoleaer (Latin for “tiny air”) was founded in 2016 as a California-based technology company built to commercialize a novel patent-pending nanobubble aeration technology and deliver it to the global market. The company integrates nano-scale materials into proprietary technologies to deliver next-generation solutions for transferring gas into liquids. The plug-and-play XTB Nanobubble Generator™ enhances the performance and modifies the functionality of liquids for a wide variety of applications ranging from wastewater treatment to plant growth enhancement. The company's mission is to provide highly efficient solutions for aeration and oxidation to enhance treatments, lower costs and improve productivity. -
InvestorLevelten Energy Jun 2017 - PresentSeattle, Washington, Us -
Founder & Board MemberAscent Capital Holdings, Llc Jan 2018 - Oct 2023Ascent Capital Holdings, LLC is a special purpose investment vehicle which holds the equity positions in Solar Reserve, LLC, Fulcrum Bioenergy, Inc. and Free Flow Power.
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Founder & Lead InvestorFulcrum Bioenergy, Inc. 2007 - Sep 2023Fulcrum turns garbage into clean, domestic, advanced biofuels. Our low-cost process reduces our nation’s dependence on foreign oil, creates a new industry of American jobs and significantly reduces greenhouse gas emissions compared to traditional petroleum production.Our plan also makes great sense when thinking about our nation’s challenges in disposing household garbage. We are developing facilities accross the country with the annual capacity to produce more than 700 million gallons of renewable transportation fuel while eliminating more than 13 million tons of trash from our nation’s landfills.
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Lead Independent Board DirectorDecarbonization Plus Acquisition Iii Corporation (Nasdaq: Dcrc) -- Merged Into Nasdaq:Sldp Mar 2021 - Feb 2022Decarbonization Plus Acquisition III Corporation (NASDAQ: DCRC) is a blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.DCRC's acquisition and value creation strategy is to identify, acquire and, after our initial business combination, build a company whose principal effort is developing and advancing a platform that decarbonizes the most carbon-intensive sectors, including the energy and agriculture, industrials, transportation and commercial and residential sectors.
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Lead Independent Board DirectorDecarbonization Plus Acquisition Corporation (Nasdaq: Dcrb Merged With Hyzon Motors Nasdaq: Hyzn) Oct 2020 - Jul 2021Decarbonization Plus Acquisition Corporation (NASDAQ: DCRBU) is a blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.DCRBU's acquisition and value creation strategy is to identify, acquire and, after our initial business combination, build a company whose principal effort is developing and advancing a platform that decarbonizes the most carbon-intensive sectors, including the energy and agriculture, industrials, transportation and commercial and residential sectors.
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Founder, Ceo & Board Member1Pointfive, Inc. (Sold To Occidental Petroleum) Mar 2020 - Jun 20211PointFive’s mission is to become the leading developer of Direct Air Capture facilities worldwide. A partnership between Oxy Low Carbon Ventures and Rusheen Capital Management, 1PointFive merges Occidental's leadership in carbon management and carbon dioxide storage with the commercialization prowess and carbon-to-value vision of Rusheen. The company’s vision is to leverage these unique strengths to deliver Carbon Engineering's leading Direct Air Capture technology on an industrial scale throughout the United States.Multiple projections have been conducted by governments, coalitions and international panels which all state the same thing: we must act now to avoid a 1.5°C or greater rise in global temperatures—a climate change scenario that could endanger both the planet and the lives of future generations. Recent scientific research has indicated that to limit global temperature rise to 1.5°C, global emissions need to reach net-zero by 2050. Even with aggressive emissions reduction, the IPCC and other thought leaders have concluded that up to 20 Gigatons—that’s 20 billion tons—of CO2 will have to be actively removed from the atmosphere annually to achieve net-zero by mid-century. Fortunately, a key technology has emerged to help us reduce both future emissions and existing atmospheric CO2: Direct Air Capture (DAC). DAC facilities capture CO2 directly from the air with an engineered, mechanical system and then permanently and securely stores the CO2 deep underground in geological formations.For more information, visit www.1pointfive.com.
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Board Member & InvestorCarbon Engineering Ltd. (Sold To Occidental Petroleum) Feb 2017 - May 2021Carbon Engineering ("CE") is commercializing direct air capture technology ("DAC"). DAC enables large facilities to manage emissions from any source or location so that industrial economies of scale can be applied to the large fraction of emissions that come from distributed and mobile sources such as vehicles, airplanes, and buildings. DAC can provide pure CO2 at point of demand for industrial use, and atmospheric CO2 can be used via multiple production pathways to manufacture ultra-low emissions fuels.CE’s DAC technology strategy is to develop a low-risk, chemical-based CO2 air capture system that we can bring to market in the near-term with competitive economics. Our air capture system combines proven, scalable industrial technologies with CE’s proprietary designs and innovations.
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Lead Independent Board DirectorDecarbonization Plus Acquisition Ii Corporation (Nasdaq: Dcrn) Feb 2021 - Feb 2021Decarbonization Plus Acquisition II Corporation (NASDAQ: DCRN) is a blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.DCRN's acquisition and value creation strategy is to identify, acquire and, after our initial business combination, build a company whose principal effort is developing and advancing a platform that decarbonizes the most carbon-intensive sectors, including the energy and agriculture, industrials, transportation and commercial and residential sectors.
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Board MemberLos Angeles Cleantech Incubator May 2014 - Jan 2021Los Angeles, Ca, UsLACI is a non-profit organization funded by the CRA/LA and the LADWP for the City of Los Angeles. In partnership with the city’s exceptional educational and research organizations – UCLA, USC, Caltech and Jet Propulsion Laboratory – LACI helps accelerate the commercialization of their clean technologies in addition to accelerating new products developed by independent entrepreneurs. LACI is a result of the Clean Tech Los Angeles (CTLA) alliance among the Mayor’s office, the City’s universities, the Los Angeles County Economic Development Corporation, the Los Angeles Business Council, the Los Angeles Area Chamber of Commerce, LADWP and the CRA/LA. -
Founder & Managing PartnerBlue Arrow Biojet Oct 2017 - Nov 2020Based in Santa Monica, California, Blue Arrow BioJet Holdings, LLC is a development platform that holds exclusive rights in Mexico and Brazil to Fulcrum BioEnergy's MSW-to-Jetfuel technology. -
Founder, Board Member & InvestorSolarreserve 2006 - Jan 2019SolarReserve is a solar energy project development company that was formed to solve two of the fundamental problems of energy supply with one integrated solution: how to provide large-scale energy solutions that are renewable and how to store that energy in order to provide firm supply “on-demand” to meet peak energy requirements, day or night.Unlike conventional coal, natural gas, oil or nuclear energy technologies that use limited fuel sources that create pollution or hazardous wastes, SolarReserve’s power plants draw their heat from the sun, earth’s ultimate source of clean energy. And unlike other sources of renewable energy, such as wind and photovoltaics, SolarReserve’s power plants can deliver electricity whenever it is needed, 24 hours a day through its market-leading energy storage technology. By solving these two key problems, SolarReserve provides utility-scale, clean, renewable electricity generation with firm supply to meet demand, day or night.SolarReserve holds the exclusive worldwide license to the molten salt solar power tower technology developed by Pratt & Whitney Rocketdyne (PWR). Pratt & Whitney Rocketdyne demonstrated the technology at the Solar Two power plant in Southern California in the late 1990s.At present, Solar Reserve has a development portfolio of more than 25 projects featuring its licensed solar power technology with potential output of more than 3,000 megawatts in the United States, Europe, MENA, South Africa, Australia, China, India and Latin America. In addition, SolarReserve is also developing more than 1,100 MW of photovoltaic projects across the United States, and is actively acquiring new sites to add to the pipeline in the US and overseas.
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Founder & Managing PartnerUs Renewables Group Jan 2003 - Jan 2017Santa Monica, Ca, UsUS Renewables Group (USRG) is one of the largest private equity firms focused exclusively on investing in renewable power, biofuels and clean technology infrastructure. USRG was founded in 2003 and manages $800MM+ of capital commitments across three private equity funds. In addition, USRG has created and manages USRG Renewable Finance and Common Assets, LLC. In addition to project investing, USRG has made strategic investments in companies that support the renewable energy industry. USRG will also invests in companies that scale proven technologies for commercial applications. USRG has made 22 diversified investments across three funds. USRG is headquartered in Los Angeles with offices in New York, San Francisco & Miami. -
Founder & Board MemberKwantix Trading, Llc (Sold To Moody Aldrich) Jan 2014 - Oct 2016kWantix Trading, LLC is an algorithmic driven hedge fund designed to identify and quantify the discrepancies between the spot and day-ahead electricity and natural gas markets. The platform is also designed to identify and trade on "aberrant weather events" caused by climate change and other anthropogenic activity.In October 2016, kWantix was sold to Moody Aldrich. http://www.bizjournals.com/pittsburgh/news/2016/11/02/electricity-trading-hedge-fund-kwantix-acquired.html
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Board MemberLos Angeles Mayor'S Council On Industry & Innovation Jun 2012 - Jan 2016Los Angeles is at the center of an innovation and technology renaissance. The city is transforming right in front of our eyes. Browse the resources on our site to learn more about the groundswell and find ways to get personally involved.
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Founder & Board MemberNanoh2O Inc. (Sold To Lg Chem) Jan 2003 - Apr 2014NanoH2O, Inc. develops, manufactures and markets reverse osmosis (RO) membranes that lower the cost of desalination. Based on breakthrough nanostructured materials and industry-proven polymer technology, NanoH2O’s thin-film nanocomposite (TFN) QuantumFlux membranes improve desalination energy efficiency and productivity. QuantumFlux seawater reverse osmosis (SWRO) membranes deliver the highest flux or the highest salt rejection of any SWRO membrane on the market. QuantumFlux membranes are available in standard 4-inch (10 cm) and 8-inch (20 cm) diameter elements that fit easily into new and existing desalination plants, purifying water from a broad range of sources with improved productivity and water quality.In April 2014, the company was sold to LG Chemical for $203 million.
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Founder & Board ChairCommon Assets (Sold To Solar City) Jan 2013 - Jan 2014Common Assets, LLC is web-based platform that creates, structures and distributes solar bonds and other renewable energy yield products.Common Assets, LLC was sold to Solar City (NASDAQ:SCTY) in January 2014. http://www.socaltech.com/solarcity_buys_la_s_common_assets_for_crowd_powered_solar_financing/s-0053111.html
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Board MemberNetwork For Teaching Entrepreneurship (Nfte) 2005 - 2009New York, Ny, UsThe Network for Teaching Entrepreneurship (Originally National Foundation for Teaching Entrepreneurship), also referred to as NFTE (pronounced Nifty), is an international non-profit organization providing entrepreneurship training and education programs to young people from low-income urban communities.Through the organization's patented entrepreneurship education, NFTE helps young people build entrepreneurial creativity and skills. Since 1987, NFTE has reached more than 450,000 young people, and currently has programs in 18 states and 10 countries. -
Founder & Ceo (Nasdaq:Stmp)Stamps.Com May 1996 - Dec 1999El Segundo, Ca, UsFounded in 1996, Stamps.com was created by Jim McDermott, Ari Engelberg and Jeff Green. At the time of creation, the company was known as StampMaster. Stampmaster was the first company to get USPS approval for beta testing and successfully brought internet postage to market, but the company did not survive the bursting of the dot-com bubble in 2000. In 2001 its domain and patents were bought by a fellow early entrant in the digital postage market, Stamps.com.The Stamps.com service is a software-application that provides the ability to buy and print USPS-approved postage directly from a user's computer. Customers can print postage for both domestic and international mail pieces using their own ink-jet or laser printer. Postage can be printed directly on envelopes, plain paper or onto shipping labels. -
AssociatePrudential Private Capital 1997 - 1997Across the entire private risk spectrum, through economic and industry cycles, Prudential Capital Group structures creative financial solutions that meet a wide variety of client needs. We recognize that as our clients grow, face new challenges, and reach for new opportunities, those needs change. We make our true investment, therefore, in our client relationships. Because our senior investment professionals have an average tenure of 21 years with Prudential Capital Group, those relationships are built on seasoned expertise and a firsthand knowledge of our clients’ businesses. Everything we do—from the regional structuring of our organization to our hiring and employee policies—is designed to foster our relationships over the long term, strengthen our understanding of client companies, and position Prudential Capital Group to deliver solutions specific to each client’s business dynamics.
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Summer AssociateAllen & Company May 1996 - Aug 1996UsWorked with Dara Khosrowshahi, Nancy Peretsman and Stan Shuman on several mergers & acquisitions.
Jim Mcdermott Education Details
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Ucla Anderson School Of ManagementBusiness -
Colorado CollegePhilosophy -
Lakeside HighschoolHigh School Diploma -
BushMiddle School
Frequently Asked Questions about Jim Mcdermott
What company does Jim Mcdermott work for?
Jim Mcdermott works for Rusheen Capital Management, Llc
What is Jim Mcdermott's role at the current company?
Jim Mcdermott's current role is Founder and Managing Partner.
What schools did Jim Mcdermott attend?
Jim Mcdermott attended Ucla Anderson School Of Management, Colorado College, Lakeside Highschool, Bush.
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