The Wisdom Wall

“That, like, Jim Simons at Rentac versus, like, Robert Carroll, like, who would be a better earlier stage, early stage investor? And I think it's actually, like, Robert Carroll. Like, I think, like, literary nonfiction done really, really well, or journalism done really, really well, like, should actually be the best…”

“I do think, like, and people say this, and it's cheesy, and it's, like, also true, is that the founder really matters, and, like, there's definitely a midwit curve on that that I've written about before, which is, like, You think founders really matter and then you're like, no, no, no, market and like strategy and…”

“Cause I do think there's like just so much venture theater. Where, like, you just have to do a bunch of stuff because, like, your boss, you know, your GP expects it, or their LPs expect it. Like, there's just a bunch of, like, shit that you have to produce to, like, talk yourself into a decision.”

“If you go with this one particular architecture, what you're really doing is selling radiation by building these pulse power generators, and you can use that for, uh, Radhart Electronics and nuclear arsenal testing and, like, all these things that can, like, generate money on the same exact path that you need to go to,…”

“for these companies, there's just, like, actually an opportunity to just show off what you're doing, and, like, that in itself is differentiated because it's so hard to do. That like just actually getting the thing done, like kind of creates all of this unbelievable content for you that, that other people just like…”

“It all comes down to people and like the team that you build and like what you get out of your people in the end. So if you have this like magnetism Or, like, there's almost, like, people have a fear of disappointing you and, like, they really want to, like, do their best work for you.”

“I can see like if this happens and then this happens and then this happens and then that happens and like things go just right here, like this could be a really big company and like it never works. Like you can't like, you know, there's the, the compounding miracles or whatever that you like don't want to bet on.”

“There's a lot of like deep tech that I think you're taking science risk. And like, I think with vertical integrators, you're taking integration risk where there's like five different kind of like cutting edge-ish, but proven technologies that you're trying to put together in, in a system. Um, and you're betting that…”

“Electricity is not getting cheaper though, because transmission ends up getting more and more and more expensive over time. So like getting it from point A to point B, there's like long delays on the, on the interconnect queue. It takes forever to build transmission. There's transformer shortages.”

“But I think actually the B and then the C, like, once they get to a certain point and do some of those things, and it becomes clear to others that, like, if anybody wins this category, it's going to be this company, then capital, I think, actually becomes, like, really, really easy.”

“When something becomes commoditized, we're like, it could be answers or intelligence or whatever, like there will be value at the next layer of the stack. And like, that's just how the world works.”

“I think as, as everything becomes like easier to make from AI to SMRs, like brand ends up playing a big role.”