Deep Tech Startups

“I think it's correct, but it also describes a world that honestly excludes the vast majority of startups in this space.”

“One of the things I didn't see there is that the learning curve matters. And once you start doing a thing, you tend to get better at it. And if you're commercializing something at small scale, you're kind of working out all the kinks that if you're, you know, …”

“When you start doing these mega projects, things really, really slow down. And so there's a, it seems like there's a lot of arbitrage right now in just deep tech, hard tech startups taking something really huge and then decomposing it into something that's mor…”

“It can be helpful just to put error bars and understand the sensitivities on things earlier on and go down the deeper, more detailed design rabbit holes when the higher level stuff is fixed.”

“They hire the tried and true experienced executives, who generally have older kids and live in a nice house and have made a bunch of money. And the earnestness, the motivation, the hunger, the fuel, the creativity, because they know what they know, and they're…”

“It's no longer the case that we have to wait all the way until we have a product commercially on sale or at scale for this to produce an exit.”

“So almost every single deep tech company that we've invested in has a clear path to growing off of equity for maybe three rounds, and then growing off of project or debt financing for the rest of their life.”