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Nancy Pfund
Managing Partner
DBL Investors, LLC


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 in which it invests. She currently sponsors or sits on the board of directors of several companies, including: BrightSource Energy, SolarCity, Solaria, Primus Power, Eco.logic Brands, OPx Biotechnologies, Powergenix and, prior to their public offering, Tesla Motors and Pandora Media. Originally a regional venture capital group within JPMorgan, DBL Investors spun out as an independent firm in January 2008. She joined JPMorgan (then Hambrecht & Quist) in 1984 first as a securities analyst and then as a Venture Capital Partner and Managing Director. She is also a member of the board of directors of the California Clean Energy Fund (CalCEF); Advisor to the CalCEF Angel Fund; member of the Advisory Board of the UC Davis Center for Energy Efficiency; member of the Advisory Council of the Bill Lane Center for the American West at Stanford University; member of the Advisory Council of the Milken Institute’s Center for a Sustainable Energy Future; and is a founding officer and director of ABC2, a foundation aimed at accelerating a cure for brain cancer. She is the author, along with Benjamin Healey of the Fall 2011 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 Subsidies”. She received her BA and MA in anthropology from Stanford University, and her MBA from the Yale School of Management.