David Friedberg, a prominent entrepreneur and investor, has achieved significant success through ventures like The Climate Corporation and The Production Board. With the net worth of David Friedberg estimated at $1 billion as of 2024, his wealth stems from strategic investments, business ventures, and high-profile exits.
David Friedberg is an American entrepreneur, businessman, and private investor. He was born on 1st June 1980 in South Africa. Friedberg’s birth name is David Albert Friedberg. He is popular for his successful journey with ‘The Climate Corporation.’ He was one of those eco-friendly billionaires who made environmental endeavors his priority. He founded and is currently the C.E.O. of ‘The Production Board’ (TPB). Friedberg is also co-hosting a podcast called “All In.” He has donated to 32 patents throughout his career.
David Friedberg’s Early Life
Friedberg’s full name is David Albert Friedberg. He was born on 1st June 1980 in South Africa. Friedberg and his family moved to Los Angeles, California, when he was six years old. In high school, Friedberg was president of an environmental club called “Students H.O.P.E.” (Students Healing Our Planet Earth). Friedberg was 16 when he attended Clarkson University in Potsdam, New York. He decided to work in a pool hall and learned to play poker. After a year, he was sent to the University of California, Berkeley. In 2001, Friedberg graduated with his bachelor’s degree in astrophysics. He also did part-time mathematical modeling at the Lawrence Berkeley National Laboratory. After completing his studies, Friedberg pursued a business career.
David Friedberg Career
In the beginning years, Friedberg worked at an investment bank called “Broadview International.” In 2003, he became an investor at Concert Capital Partners but resigned in 2004. Following his resignation, Friedberg commenced his career at Google in March 2004. He joined Google as a founding member of Google’s Corporate Development group. He was one of those first 1000 employees of Google. Friedberg helped Google run their online advertising platform, AdWords, and negotiated procurement as Corporate Development and Business Product Manager. He became friends and cooperated with Google co-founder Larry Page.
When Friedberg was still working as a business product manager at Google, he came up with the idea of founding his own company. It all happened when he passed the Bike Hut in San Francisco on rainy days. He observed that sales drop on rainy days. So, he concluded that the impact of the weather might cause big business troubles. In 2006, he left Google and established his first company, ‘WeatherBill,’ to produce and purchase customized weather insurance. Friedberg secured some funding from the financial support of the founders of Google Ventures, Khosla Ventures, Index Ventures, N.E.A., and Atomico.
In 2011, Friedberg modified his company’s name from ‘WeatherBill’ to ‘The Climate Corporation.’ His corporation helped farmers by providing them with weather insurance and climate.com services to track, analyze, and improve their farming by making the right decisions. It also provides them with tools to enhance their production rate and quality. Friedberg lectured at Stanford on “Entrepreneurship Gives Life Meaning” on 5th October 2011. Monsanto (Agricultural biotechnology firm) took possession of The Climate Corporation for $1.1 Billion in October 2013. Friedberg became a part of Monsanto’s Executive Team and was transferred to an advisory role in 2016.
In 2016, Friedberg put forward his ideas in front of Larry Page to financially support more food, decarbonization, and biology startups. Page agreed to financially support a parent company, which was to be run by Friedberg, with the help of another parent company ‘Alphabet.’ In 2016, Friedberg established The Production Board (TPB). TPB cooperated with scientists, business professionals, and entrepreneurs to solve serious problems like climate change. TPB’s business portfolio includes Culture Biosciences, Ohalo, Pattern Ag, Super Gut, Cana, and Triplebar Bio.
David Friedberg founded ‘Metromile’ before leaving The Climate Corporation in 2011. Since then, he has been the Chairman of Metromile’s Board of Directors. He also invested in food, agriculture, life science, and technology. Friedberg bought NorQuin (Canadian quinoa supplier) in 2014, the largest quinoa supplier in North America. He also served as Chairman of Northern Quinoa Production and Pattern Ag. Later, Above Food Corp. purchased NorQuin in 2022. Friedberg joined the Innovation Advisory Council of Above Food Corporation. He also co-hosted a business and investment podcast called “All-In” with fellow entrepreneurs Chamath Palihapitiya, Jason Calacanis, and David Sacks.
Net Worth of David Friedberg
As a known personality, the net worth of David Friedberg is $1 Billion as of 2024.
David Friedberg Annual Income
It is reported that David Friedberg earns around $4 million annually. A business tycoon, Friedberg owns a luxurious property in San Francisco and enjoys spending time there with his family.
David Friedberg Income Source
David Friedberg earns most of his wealth from his business profession. He received $1 million by selling his company, The Climate Corporation, to the well-known agricultural biotechnology firm Monsanto. Friedberg invested in various companies to increase his wealth and earned from them. He also made money by co-hosting a podcast called All-In. Friedberg is the founder and C.E.O. of ‘The Production Board’ (TPB).
Conclusion
David Albert Friedberg is an American business tycoon best known for his work, including founding The Climate Corporation and The Production Board. Friedberg was born on June 1, 1980, in South Africa. He is also an entrepreneur and angel investor. After graduating, Friedberg started working at investment banks but resigned to become one of the earliest executives at Google. He began his career as an investor but later established his own corporation and board.
He is the founder of ‘The Climate Corporation, previously known as ‘Weatherill’. Monsanto acquired it from Friedberg for $1 Million. He is also the founder of his insurance company, Metromile.’ Friedberg co-hosted a podcast called “All-In.” The net worth of David Friedberg is $1 billion, with an annual income of around $4 million as of 2024. His business profession is the primary source of his fortune. He is currently living in California, U.S.
