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Steve Jurvetson

@FutureJurvetson110,940 subscribers

Co-founder of Future Ventures and DFJ, supporting passionate founders to forge a better future. Early VC investor in Tesla, SpaceX, Planet, Commonwealth Fusion.

Shorts

They did it! The Jawas cleaned up Starbase. Compare to the photo I took below…

They did it! The Jawas cleaned up Starbase. Compare to the photo I took below…

34,548 views

Commonwealth Fusion just closed an oversubscribed $863M B2 round with Google, NVIDIA, Morgan Stanley and electric utilities. From science to engineering to mass manufacturing, CFS is leading the charge to what many call the holy grail of clean energy — abundant, carbon-free, continuous 24/7 power in any geography. Energy drives the wealth of nations, and China has been adding new energy at a pace 20x that of the U.S. We need magnetic fusion to fully power the estimated 10x growth in electricity needs for AI data centers and EVs with emission-free energy. Future Ventures and Khosla Ventures did the Series A. Vinod Khosla: “CFS is one of the most impactful and ambitious projects I have seen in my whole career.” New investor Laurene Powell Jobs: “To meet the challenges of this century, we need energy that is abundant, clean, and accessible everywhere. That’s what fusion offers. For the first time in history, we have a real opportunity to commercialize the long-held promise of fusion power, and CFS has just taken a decisive step toward making that promise a reality." Commonwealth Fusion Systems or for more.

Commonwealth Fusion just closed an oversubscribed $863M B2 round with Google, NVIDIA, Morgan Stanley and electric utilities. From science to engineering to mass manufacturing, CFS is leading the charge to what many call the holy grail of clean energy — abundant, carbon-free, continuous 24/7 power in any geography. Energy drives the wealth of nations, and China has been adding new energy at a pace 20x that of the U.S. We need magnetic fusion to fully power the estimated 10x growth in electricity needs for AI data centers and EVs with emission-free energy. Future Ventures and Khosla Ventures did the Series A. Vinod Khosla: “CFS is one of the most impactful and ambitious projects I have seen in my whole career.” New investor Laurene Powell Jobs: “To meet the challenges of this century, we need energy that is abundant, clean, and accessible everywhere. That’s what fusion offers. For the first time in history, we have a real opportunity to commercialize the long-held promise of fusion power, and CFS has just taken a decisive step toward making that promise a reality." Commonwealth Fusion Systems or for more.

56,264 views

Beeple's REGULAR ANIMALS debut at Art Basel today with Elon + Zuck finally in the ring, and Bezos too

Beeple's REGULAR ANIMALS debut at Art Basel today with Elon + Zuck finally in the ring, and Bezos too

14,643 views

Brewing a Better Bite of Meat Here’s why we led the Series A of The Better Meat Co., announced today. I am a meat eater, but I know that eventually, we won't slaughter animals for meat. Although we believe this is inevitable, on Earth and Mars, it takes concerted effort to get us there. And as we saw with electric cars, you have to have a better product to catalyze a change. Saving the world is the byproduct. After investing in some of the pioneers of cellular ag and precision fermentation, we pondered what problem remained unsolved by the mainstream approaches to slaughter-free meat and began a quest for the best cost economics and speed of scaling. For cellular ag and plant-based approaches, cost has been their biggest challenge, and the meat market is highly price elastic. We did a thought experiment: given all of the approaches to alt-protein out there, which will be the lowest cost 50 years from now? We assumed all R&D efforts reach their ultimate end points by then. I think we found the winner: Better Meat goes from seed to harvest in under 17 hours! No plant or animal can compete with that growth rate. The key: growth from cell expansion instead of cell division, part of the magic of the kingdom of fungi. And they have mastered continuous production off simple sugar feedstocks with no waste stream. The only downstream processing is some dehydration. At their current research scale facility, they already beat beef on cost, and soon chicken. Some of the key drivers from their patented process: fastest growth cycle of any organism, continuous production, minimal downstream processing (unlike plant protein isolates, for example, where most of the plant biomass is byproduct), and it’s a nutritious whole food. It’s also shelf stable at room temperature for easy shipping. So, it should scale more rapidly and cost-effectively than other approaches can ever achieve. Oh, and it is delicious and tastes like meat, even better than pure meat in some blended product taste tests (think hamburger or sausage blends). They are a B2B ingredient supplier, and the first to get FDA and USDA approval for blended meat products. The Series A will allow them to scale to tens of millions of pounds of annual production for a number of large food companies. Company: Today’s funding news: • •

Brewing a Better Bite of Meat Here’s why we led the Series A of The Better Meat Co., announced today. I am a meat eater, but I know that eventually, we won't slaughter animals for meat. Although we believe this is inevitable, on Earth and Mars, it takes concerted effort to get us there. And as we saw with electric cars, you have to have a better product to catalyze a change. Saving the world is the byproduct. After investing in some of the pioneers of cellular ag and precision fermentation, we pondered what problem remained unsolved by the mainstream approaches to slaughter-free meat and began a quest for the best cost economics and speed of scaling. For cellular ag and plant-based approaches, cost has been their biggest challenge, and the meat market is highly price elastic. We did a thought experiment: given all of the approaches to alt-protein out there, which will be the lowest cost 50 years from now? We assumed all R&D efforts reach their ultimate end points by then. I think we found the winner: Better Meat goes from seed to harvest in under 17 hours! No plant or animal can compete with that growth rate. The key: growth from cell expansion instead of cell division, part of the magic of the kingdom of fungi. And they have mastered continuous production off simple sugar feedstocks with no waste stream. The only downstream processing is some dehydration. At their current research scale facility, they already beat beef on cost, and soon chicken. Some of the key drivers from their patented process: fastest growth cycle of any organism, continuous production, minimal downstream processing (unlike plant protein isolates, for example, where most of the plant biomass is byproduct), and it’s a nutritious whole food. It’s also shelf stable at room temperature for easy shipping. So, it should scale more rapidly and cost-effectively than other approaches can ever achieve. Oh, and it is delicious and tastes like meat, even better than pure meat in some blended product taste tests (think hamburger or sausage blends). They are a B2B ingredient supplier, and the first to get FDA and USDA approval for blended meat products. The Series A will allow them to scale to tens of millions of pounds of annual production for a number of large food companies. Company: Today’s funding news: • •

17,016 views

The largest fusion power purchase agreement ever ☀️🔜🤖 Google just procured 200MW of clean power directly from Commonwealth Fusion’s first commercial plant in Virginia, with an option to buy more. From science to engineering to mass manufacturing, Commonwealth is leading the charge to what many call the holy grail of clean energy — abundant, carbon-free, continuous 24/7 power in any geography. “We aim to demonstrate fusion’s ability to provide reliable, abundant, clean energy at the scale needed to unlock economic growth and improve modern living and enable the largest market transition in history.” — CEO Bob Mumgaard News:

The largest fusion power purchase agreement ever ☀️🔜🤖 Google just procured 200MW of clean power directly from Commonwealth Fusion’s first commercial plant in Virginia, with an option to buy more. From science to engineering to mass manufacturing, Commonwealth is leading the charge to what many call the holy grail of clean energy — abundant, carbon-free, continuous 24/7 power in any geography. “We aim to demonstrate fusion’s ability to provide reliable, abundant, clean energy at the scale needed to unlock economic growth and improve modern living and enable the largest market transition in history.” — CEO Bob Mumgaard News:

14,308 views

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