R
Randall Kempner
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Sep 8, 2026
Catalytic Capital: How Philanthropy Shapes Climate Investment
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Ovidiu BujoreanHOST
What did it take to build that? And what does it tell us about what philanthropy is very uniquely positioned to?

Randall KempnerGUEST
So I think a critical part of the origin story of Andy is is that this was not created by foundations.

Randall KempnerGUEST
It was created by the institutions who realized that there was a need to create an industry association or a community of practice around supporting what we decided to call small and growing businesses.

Randall KempnerGUEST
And so for the sake of history, I was not there at the founding moment of Andy.

Randall KempnerGUEST
But what happened is that there were leading players in the space, groups like Root Capital and Acumen Fund and TechnoServe, that came together with many others, and they told their funders that this kind of institution would be valuable and important.
10 MINS LATER

Ovidiu BujoreanHOST
What did you learn about what a philanthropic actor has to do differently when the goal is building the field rather than funding just a specific organization? And what does that look like specifically in the climate context today?