Chapter
Investing in Startups: Signs of Reasonable Capital
31:39 - 36:38 (04:59)
When the capital required to start a business goes from hundreds of millions to just a few, it's reasonable to invest. Any company raising hundreds of millions of dollars or valued at a billion dollars or more before shipping a product is presumptively fraudulent, as a lot of research and development (R&D) goes into it.
Clips
Venture capitalists should be cautious when investing in deep tech startups that require hundreds of millions of dollars before shipping a product.
31:39 - 34:13 (02:33)
Summary
Venture capitalists should be cautious when investing in deep tech startups that require hundreds of millions of dollars before shipping a product. A more reasonable approach is to fund seed money, create a prototype, raise a Series A to get customers, and then scale up the company.
ChapterInvesting in Startups: Signs of Reasonable Capital
EpisodeE26: State of Venture Capital, plus fan questions on longevity, decentralization & quantum computing
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The co-founders of Relativity Space, Tim and Jordan, want to prove that they can get a certain printing capability done that requires an extremely energy-intensive and technical printer, effectively writing printer drivers.
34:13 - 36:38 (02:25)
Summary
The co-founders of Relativity Space, Tim and Jordan, want to prove that they can get a certain printing capability done that requires an extremely energy-intensive and technical printer, effectively writing printer drivers. They also discuss de-risking and how it could help with launch capability.