About This Episode:
Washington is frantically allocating billions upon billions to water infrastructure funding. But, says Riggs Eckelberry, fast-growing inflation will kill all these massive programs. Sure, they’ll add the cost overruns, but you can’t keep up with a runaway train.
Riggs has the solution: direct, local, decentralized action. His prefab, modular water systems can be delivered directly to industry with no money upfront, just pay by the gallon, on long-term contracts that are indexed for inflation.
Here’s the twist: Riggs intends to pay investors their continuing profit shares in Non-Fungible Tokens (NFTs).
Given the 50-year plus lifecycles of these systems, he expects a huge premium on these NFTs, and they will be tradeable.
Riggs predicts this could scale up into the first global water marketplace, potentially supporting subsidized projects in poverty-stricken areas. Is this science fiction? Ask Riggs and find out.
Riggs was once a happy tech executive. In 2005, he helped take a security software company public as its president. Then, he pitched a fund, and long story short, Riggs ended up as CEO of a small public company working to disrupt industrial water, a huge, but slow-moving trillion-dollar global market. Riggs is uniquely qualified to disrupt this industry, having learned management in the nonprofit space, captained oceangoing ships, and achieved several tech exits during the dot-com boom.
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Riggs Eckelberry
1 Jun 2021I’m honored to be featured on the first episode of CYB!! Thank you for the great coverage and the astute questions…!