Josh Wolfe, co-founder of Lux Capital, discusses non-specialist venture capitalists entering deep tech and science sectors during market hype cycles.
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“I think that there are a lot of tourist VCs who are in these domains that are going to lose a lot of money”
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More from Josh Wolfe
Opinion
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,…”
Josh WolfeMay 10, 2017▶ 23:1020VC: 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
PredictionHeld up
Wolfe: The future of AI and machine learning is in GPUs
“The future of AI and machine learning is going to be in GPUs.”
Josh WolfeMay 10, 2017▶ 14:1720VC: 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
Opinion
Wolfe: Cognitive diversity is the form of diversity that matters most
“My whole view is that the diversity that matters most is cognitive diversity.”
Josh WolfeMay 10, 2017▶ 15:4720VC: 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
PredictionNot checkable as stated
Wolfe: Next generation of industrial titans will be scientists and inventors
“The next generation of industrial titans are going to be scientists, technologists, inventors”
Josh WolfeMay 10, 2017▶ 8:0220VC: 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
What-if
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…”
Josh WolfeMay 10, 2017▶ 16:5820VC: 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
Insight
Wolfe: Investing with a 3-10 year horizon creates time arbitrage advantage
“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.”
Josh WolfeMay 10, 2017▶ 18:3020VC: 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
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