Wolfe: Investing with a 3-10 year horizon creates time arbitrage advantage
Josh Wolfe · 20VC: The 3 Forms Of Edge A Founder Can Have, Lessons From Being on A Board With Bill Gates & Why There Are A Lot Of Tourist VCs Who Are Going To Lose A Lot Of Money, with Josh Wolfe, Co-Founder @ Lux Capital · May 10, 2017 · at 18:30
Josh Wolfe, co-founder of Lux Capital, explains why Lux Capital focuses on deep tech investments that require longer time horizons than typical venture capital funds.
0:00 / 0:10exact quote · 10.3s
720p mp4 · rendered on demand · StarZero watermark
“If the public markets are thinking one or two years out and discounting back, and VCs are thinking one or two years out, then if you are thinking three, four, five, or let alone 10 years out, then you've got a time arbitrage advantage.”
quote is from the automated transcript, cleaned for reading: filler sounds and stutters are removed, nothing is rephrased. names can be misheard (the analysis reads context, assessments check outside sources). how →
More from Josh Wolfe
Josh Wolfe: Tourist VCs investing in frontier tech will lose a lot of money
“I think that there are a lot of tourist VCs who are in these domains that are going to lose a lot of money”
Wolfe: Tech's Praise of Failure Is Disingenuous and Founders Are Faking It
“I think that there is a culture that talks about praising and prizing failure, but I think it's disingenuous. I think people pretend to wear failure on, you know, as this badge, and every time you ever see an entrepreneur and you ask, oh, how are things going,…”
Wolfe: The future of AI and machine learning is in GPUs
“The future of AI and machine learning is going to be in GPUs.”
Wolfe: Cognitive diversity is the form of diversity that matters most
“My whole view is that the diversity that matters most is cognitive diversity.”
Wolfe: Next generation of industrial titans will be scientists and inventors
“The next generation of industrial titans are going to be scientists, technologists, inventors”
Lux Capital Missed a $4B Exit by Selling Nervana to Intel Early
“In that case, I think we would have loved, collectively, amongst the other syndicate investors as well, that maybe we waited for You know, a year or two, because we probably, instead of selling for four hundred million to Intel, could have sold for four billio…”