• Mark Kasdorf wants to build a $1B+ heat pump business

  • Dec 6 2024
  • Length: 49 mins
  • Podcast

Mark Kasdorf wants to build a $1B+ heat pump business

  • Summary

  • What if you could do to construction what Amazon did to retail? Or what Uber did to taxis?

    Mark Kasdorf has an ambitious vision to do just that, and his journey starts with heat pumps.

    Mark is the founder and CEO of Forge, a venture-backed, mission-driven startup tackling one of America’s biggest challenges: the skilled labor shortage in the trades. Forge’s secret? Recruiting great talent, training them quickly, and empowering them to lead their own crews fast. Really fast.

    In just 18 months, Forge went from installing its first heat pump to running over 10 crews across New England—all through organic growth, no acquisitions That’s a pace unheard of in the HVAC space, where reaching 10+ crews can take years.

    Mark describes HVAC as the “goldilocks trade”—challenging enough to require specialized training, but more scalable than electrical or plumbing, which require more licensing. Within HVAC, Forge is laser-focused on heat pumps, a decision that reflects the size of the market, profitability, and growth prospects.

    In this podcast episode, Mark shares fascinating insights into:

    • Forge’s rapid journey from one crew to many.

    • His roadmap for scaling to $10M, $100M, and beyond.

    • Why the trades can't be “gigified” and what that means for the construction industry.

    • Lessons learned from other startups’ failures to disrupt the trades.

    • What makes Forge both similar to and different from a traditional heat pump company.

    Whether you’re curious about how venture capitalists see the HVAC industry, or you want a fresh perspective on heat pumps, this episode is a must-listen.

    Listen now to hear why Mark believes HVAC is the ultimate trade and why heat pumps are at the center of it all.

    Show notes:

    • Mark's LinkedIn
    • ForgeCo
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