Latest / Inside Startup Investing with Chris Lustrino
Cracking 401(k)s: Sphere’s Climate-Friendly Fund with CEO Alex Wright-Gladstein
In this episode, Chris speaks with Alex Wright-Gladstein, founder & CEO of Sphere, the company behind the Sphere 500 Climate Fund—a low-fee, index-like mutual fund for 401(k)s that excludes fossil fuel companies and is now available on Fidelity and Schwab. Alex explains how her team navigated years of audits, platform approvals, and AUM thresholds to unlock real adoption within the retirement ecosystem—and why crossing $100M AUM is the tipping point that could lead to billions in inflows from the largest corporate 401(k)s.
Highlights include...
Why most 401(k)s don't offer real…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.