Startup
Spotlight

Ecosystems

Tell us about you. What is your business background? What was the driving force behind you becoming an entrepreneur? Is this the first business you’ve founded?

 

Our greatest entrepreneurial mentor is our father who was raised in a small town in Canada. With just a high school education, his entrepreneurial drive led him to real estate development in Toronto, New York, and finally, Miami. His example is a big reason why we had the courage to take the leap.

 

This is our first business. When we started, hoping to pair our passion for the environment with our real estate background, we partnered to create a consultancy focused on guiding property owners to make improvements that had a positive impact on the environment. After realizing the scale of water being wasted, and consistently failing to find firms that provided quality services in the water efficiency space, we rolled up our sleeves, put together $5K and bootstrapped EcoSystems in 2012.

 

 

Tell us about your company.

 

EcoSystems is a rapidly growing water and energy conservation firm focused on sustainability for the real estate industry. We outfit large apartment portfolios with the latest conservation technologies and fixtures to fulfill our mission. Over the last seven years, we have grown EcoSystems to more than 35 employees and completed projects in more than 120 cities across the U.S

 

Our model is centered entirely on proving that conservation is good for business and we attribute a large part of our success to the ability to bridge the gap between public necessity and private benefit. The result is more than 2 billion gallons of freshwater and over $15 million in utility cost savings.

 

EcoSystems is a rapidly
growing water and
energy conservation
firm focused on
sustainability for the
real estate industry.

 
Richard Lamondin Jr., Co-Founder & CEO
Lawrence Lamondin, Co-Founder & ECO
Why did you choose Miami to start your company?

 

We love this city. We grew up here and there is nowhere else we want to invest. Miami is also on the front lines of the climate crisis, sea level rise, and housing affordability. Our solutions help address all of these pressing issues at a time when our policymakers do not.

 

 

What is the biggest challenge that you’ve overcome since then?

 

Survival. We bootstrapped the company and we have grown entirely through sales. This resulted in a slower than expected start for the company and had to maintain side hustles to keep our doors open. Ultimately, this allowed us to identify a strong market fit and build the systems that enabled us to scale our impact.

 

Where do you see your company in 3 years? In 5?

 

In three years, we will deepen our portfolio of solutions and will also have expanded beyond multifamily apartments to be a leader in hotels, condominiums, hospitals, and any other large scale building looking to conserve.

 

In five years, we will be the most impactful conservation firm in the country.

 

Where do you see the future of Miami?

 

We are at an important environmental crossroads as a region, as Richard wrote in the Miami Herald. As we face these challenges, Miami and South Florida will be a hub for environmentally-friendly enterprises committed to addressing the 21st century’s greatest issues.

 

We are excited about Miami’s future and continue to be inspired by its entrepreneurs and the businesses they are creating.

 

Favorite local place to take visiting friends for a Miami experience?

 

Paddle boarding at Oleta State Park, Reggae Night at Purdy Lounge (when we can afford to wake up late on a Tuesday), and any night at Gramps are always good decisions.