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Seth Bannon

@sethbannon38,250 subscribers

Entrepreneur, investor. Founder of @fiftyyears. Make something civilization needs. Also: https://t.co/xhMPeOCKIN

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This man is now worth $110B

Seth Bannon

4,097,506 次观看 • 2 年前

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The SaaS startup playbook doesn’t work in deep tech. “Move fast and break things” doesn’t apply when building nuclear reactors or bioengineering cell therapies. That’s why we built 5050, “a cheat code for starting a deep tech startup.” (quote from an alumni) Applications open! 5050 is a program to help scientists and engineers start indispensable companies. We’ve distilled everything we know about deep tech startups into a two phase program. Phase I: Explore We’ll help you answer: How do I turn my breakthrough science into a business? What do I need to make a startup idea work? How do I recruit a world-class team Am I ready to be a founder? We'll help you diagnose and mitigate risks and pivot quickly if necessary. At the end of Explore, those ready to build a startup will be invited to the next phase, Build Phase II: Build You’ll join a select cohort of the most high-speed founders solving massive world problems. Build will help you de-risk their technology, hit milestones, raise a first round, and reach takeoff speed faster than you think is possible. You’ll learn everything you need to know about starting a deep tech company and what it takes to become a world class entrepreneur. At Fifty Years, we’ve backed over 100 deep tech startups, helped them raise over 5.5 billion dollars, and supported our founders in achieving many firsts: ➜ the first carbon-negative molecule factory ➜ the first cultivated meat approved in the U.S. ➜ the first microgeo satellite for internet connectivity ➜ the first in-orbit space pharma drug factory ➜ the first de novo synthesis of a 1000+ base DNA molecule ➜ and many more Whether you’re validating an idea or ready to build — 5050 is for you. Apply! ➜

Seth Bannon

146,730 次观看 • 2 年前

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The world needs 10x more scientist-founders. 5050 helps scientists and engineers become great founders and start indispensable companies. Applications open! Startups are the best way to make a real impact with research, but where do you get started? How do you know if entrepreneurship is for you? Whether you’re validating an idea or ready to build — 5050 is for you. You’ll learn what it takes to become a great founder, how to choose the right problem, technology, and market, and how to build a deep tech startup. “It’s a cheat code for starting a deep tech startup.” – Eric McShane, 5050 alum. • Eric McShane and Evan spun out of Stanford and co-founded Electroflow to tackle the lithium shortage. They’ve scaled their tech by 200x in 6 months. • Mark Budde 🦕🏆 joined 5050 as a postdoc at Caltech. Two years later, plasmidsaurus enables scientists across all 50 states and most European countries to go much faster. • Niccolo joined as a Tesla engineer. Three months later, he co-founded Clippership and is building autonomous sailboats to decarbonize maritime shipping. • Chi and Tay Shin joined as postdocs at MIT. Within weeks, they spun out and are now working to enable in vivo cell reprogramming. At Fifty Years, we’ve built deep tech companies ourselves. We’ve backed over 100 deep tech startups from the earliest stages and helped them raise over 4.6 billion dollars. We distilled everything we know about deep tech startups into 5050: a free program to help world-class scientists and engineers start indispensable companies. Phase I: Explore We’ll help you answer: How do I turn my breakthrough science into a business? What do I need to make a startup idea work? Am I ready to be a founder? You’ll learn if entrepreneurship is right for you, identify the idea to build, and pivot quickly if necessary. We’ll guide you through the early days of building in deep tech. At the end of Explore, those ready to build a startup will be invited to the next phase, Build. Phase II: Build You’ll join a cohort of fast-moving founders who will challenge you to ramp up. We’ll coach you to level up into a great founder and guide you through the early days of building in deep tech. Build will help you de-risk your technology, hit key milestones, raise a first round, and reach takeoff speed fast. Helping great scientists and engineers become great entrepreneurs is our jam. Apply / nominate! ➜

Seth Bannon

106,341 次观看 • 1 年前

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🇬🇧 In partnership with ARIA, we’re bringing 5050 to the UK! 🇬🇧 The UK is a global powerhouse of invention. Penicillin, DNA’s double helix, MRIs, monoclonal antibodies, the electric motor, the telephone, and the World Wide Web were all invented or discovered by brilliant UK minds. Yet, none of those inventions were successfully commercialized in the UK. This is not a new story. In 1966, Charles Kao, a PhD from UCL, was working at Standard Telecommunication Laboratories in Essex, researching the potential of glass for optical communication. Everyone deemed glass a hopeless medium: light would scatter and fade too quickly for practical telecoms. Kao discovered, however, that if he could purify glass fibers enough, they could carry huge amounts of data over vast distances with minimal signal loss. The problem: to replace the standard of the day – copper wires – he’d need to slash signal loss from a whopping 1000 decibels per kilometer to 20, a decrease by a factor of 10^98. It seemed an impossible task. Kao struggled to find anyone to fund this effort until John Bray, the newly appointed research director at the British Post Office, recognized the potential. He funded the research and Kao was successful in demonstrating the potential of communicating over long distances using light in fiber optic cables. But it was an engineer who heard about Kao’s work on a visit from America – William Shaver from Corning Glass Works – who commercialised it. The Corning team he assembled used a 2000°C oven from the company’s semiconductor arm to produce a fiber with 17 dB/km loss. By 1972, they hit 4 dB/km – low enough to enable the internet. Corning's first commercial fiber optic system was deployed in Long Beach, California in 1977. Kao received the Nobel Prize in Physics, but it was a US industrial conglomerate, not its inventor, that turned this innovation into the backbone of global communication. It was a variation on a well-worn theme. Britain invents the future – then others go build it. This pattern is primed to be broken. 5050 will inspire and equip scientists and engineers in the UK to become great founders and build the next decade of civilization-defining companies. The first cohort starts early next year. Link below to be the first to hear when applications open.

Seth Bannon

66,559 次观看 • 1 年前

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