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BREAKING: Base Power Raises $1 Billion Series D, Hitting $13 Billion Valuation & Launching "Base Core" First-of-its-Kind Home Battery Built in the USA $2.5B+ in total funding to date Co-Founder Justin Lopas (Justin Lopas) gives us a Factory 1 tour in Austin, Texas Founded in 2023, by Justin &...

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Molly O’Shea

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961,737 次观看 • 2 个月前 •via X (Twitter)

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BREAKING: Base Power Raises $1 Billion Series C Led by Addition Zach Dell, Co-Founder & CEO, joins Sourcery to discuss Base's strategic funding, rapid growth, & the world-class talent needed to seize the gigawatt-scale opportunity We Break Down: - $200M Series B to $1B Series C in < 6 months - Building Base Factory One in Austin and plans for more domestic manufacturing - How Base Power is reinventing America’s energy grid with distributed batteries - Why AI & data centers make energy the new bottleneck for innovation. - The culture & team powering one of America’s most ambitious startups Investors: All other major investors are re-investing, including Trust Ventures, Valor Equity Partners, Thrive, Lightspeed, a16z, Altimeter, Stepstone, Elad Gil, 137 Ventures, Terrain, & Waybury. New major investors include Ribbit, CapitalG, Spark, BOND, Lowercarbon, Avenir, Glade Brook, Positive Sum, and 1789. Highlights (00:00) Factory Tour in Austin (01:21) $1 Billion Series C Led by Addition (02:15) Fast-Following $200M Series B (02:52) Growth Metrics: 30% MoM, Thousand+ Waitlist (03:36) Cap Table Breakdown: Addition, Thrive, Valor, a16z, Lightspeed, Ribbit, CapitalG & more (05:00) Strategic Investors: Lennar, Starwood, Endowments (06:30) Investor Involvement: Valor & Addition (08:18) Base Power’s “Blue Collar” Culture: Chop Wood, Carry Water (11:31) Founding Story: From Blackstone & Thrive to Anduril → Base Power (14:00) Recruiting Tesla, SpaceX, Anduril Veterans to Build the Team (16:45) Operational North Stars: Fastest Battery Deployment at Lowest Cost (17:30) Building the First Beloved Brand in Energy (19:00) Attracting Talent to Austin & Base’s Unique Culture (22:30) Energy as the Bottleneck for AI & Data Centers (25:00) Speed to Power: Deploying 100MW+ per Month (27:15) Texas ADER Qualification & National Expansion (30:30) Leadership Lessons: Hiring, Focus & Ruthless Prioritization (34:30) What’s Next: Factory One, New Products, Gigawatt Race Zach Dell Justin Lopas Base Power
37:37

BREAKING: Base Power Raises $1 Billion Series C Led by Addition Zach Dell, Co-Founder & CEO, joins Sourcery to discuss Base's strategic funding, rapid growth, & the world-class talent needed to seize the gigawatt-scale opportunity We Break Down: - $200M Series B to $1B Series C in < 6 months - Building Base Factory One in Austin and plans for more domestic manufacturing - How Base Power is reinventing America’s energy grid with distributed batteries - Why AI & data centers make energy the new bottleneck for innovation. - The culture & team powering one of America’s most ambitious startups Investors: All other major investors are re-investing, including Trust Ventures, Valor Equity Partners, Thrive, Lightspeed, a16z, Altimeter, Stepstone, Elad Gil, 137 Ventures, Terrain, & Waybury. New major investors include Ribbit, CapitalG, Spark, BOND, Lowercarbon, Avenir, Glade Brook, Positive Sum, and 1789. Highlights (00:00) Factory Tour in Austin (01:21) $1 Billion Series C Led by Addition (02:15) Fast-Following $200M Series B (02:52) Growth Metrics: 30% MoM, Thousand+ Waitlist (03:36) Cap Table Breakdown: Addition, Thrive, Valor, a16z, Lightspeed, Ribbit, CapitalG & more (05:00) Strategic Investors: Lennar, Starwood, Endowments (06:30) Investor Involvement: Valor & Addition (08:18) Base Power’s “Blue Collar” Culture: Chop Wood, Carry Water (11:31) Founding Story: From Blackstone & Thrive to Anduril → Base Power (14:00) Recruiting Tesla, SpaceX, Anduril Veterans to Build the Team (16:45) Operational North Stars: Fastest Battery Deployment at Lowest Cost (17:30) Building the First Beloved Brand in Energy (19:00) Attracting Talent to Austin & Base’s Unique Culture (22:30) Energy as the Bottleneck for AI & Data Centers (25:00) Speed to Power: Deploying 100MW+ per Month (27:15) Texas ADER Qualification & National Expansion (30:30) Leadership Lessons: Hiring, Focus & Ruthless Prioritization (34:30) What’s Next: Factory One, New Products, Gigawatt Race Zach Dell Justin Lopas Base Power

Molly O’Shea

136,350 次观看 • 1 年前

Today, we're launching Base Core, our own battery designed & built in Texas, and announcing our $1B Series D to bring it to homes across the country. Three years ago, we started Base with a belief that batteries were the unlock to energy abundance. We saw battery storage as the foundation of a modern energy system, and believed we could win the market with vertical integration, technology, and relentless execution (what we now call Base Pace). So we set out to build a network of distributed batteries to deliver affordable, reliable electricity to homeowners and utilities. While the job is far from finished, the launch of Base Core is the most meaningful step in that plan. We’ve spent the last few years learning hard lessons about building a distributed battery fleet, going from 1 install per day in June of ‘24 to 100 installs per day in June of ‘26. These lessons - how the battery is shipped, installed, used, and monitored - informed the design of Core. Now, Core will be the foundation of the company's next phase of growth. Base Core is a first-of-its-kind home battery. At ~40 kWh it is 3x the size of most home batteries, providing up to 36 hours of backup for the average home. In the event of multi-day outage, Core is equipped with a (first of its kind) generator port - pull out a small portable generator and charge the battery back up to keep your home running as long as you need. When an outage does happen, the backup is seamless - most members won't even notice the grid went down. It's built to withstand Texas summers, Chicago Winters, and everything in between. And finally, it’s manufactured by our team in Austin, at Base Factory 1, right across the street from our HQ. This new capital will bring Core to more homes and to accelerate our ambition beyond batteries. The round is co-led by Ribbit, Addition, Valor, and JP Morgan, with participation from new major investors D1, Sands, Coatue, Layer Global, and Energy Impact Partners. All of Base’s major existing investors are re-investing, including Thrive, Altimeter, Lightspeed, a16z, CapitalG, Trust, and more. This brings our valuation to $13B. As we enter the most important growth period in the history of the electricity industry, our mission has not changed - advance human prosperity by delivering the world's most affordable and reliable electricity. Our strategy has not changed - technology, plus vertical integration, plus relentless execution, leads to a compounding cost advantage. What has changed is the scope of our ambition - this new capital, along with the team and capabilities we've built over the last three years, positions us to build technology across the electric stack, including what it takes to serve surging demand from AI, and to deepen our partnerships with utilities as they work to meet rising demands. Electricity is the largest and most essential industry in the world, and it does not have a defining technology company. The company that delivers the most affordable, reliable power will be one of the largest and most impactful companies in the world. We intend to build it. If you'd like to join us, reach out. Onwards.
0:28

Today, we're launching Base Core, our own battery designed & built in Texas, and announcing our $1B Series D to bring it to homes across the country. Three years ago, we started Base with a belief that batteries were the unlock to energy abundance. We saw battery storage as the foundation of a modern energy system, and believed we could win the market with vertical integration, technology, and relentless execution (what we now call Base Pace). So we set out to build a network of distributed batteries to deliver affordable, reliable electricity to homeowners and utilities. While the job is far from finished, the launch of Base Core is the most meaningful step in that plan. We’ve spent the last few years learning hard lessons about building a distributed battery fleet, going from 1 install per day in June of ‘24 to 100 installs per day in June of ‘26. These lessons - how the battery is shipped, installed, used, and monitored - informed the design of Core. Now, Core will be the foundation of the company's next phase of growth. Base Core is a first-of-its-kind home battery. At ~40 kWh it is 3x the size of most home batteries, providing up to 36 hours of backup for the average home. In the event of multi-day outage, Core is equipped with a (first of its kind) generator port - pull out a small portable generator and charge the battery back up to keep your home running as long as you need. When an outage does happen, the backup is seamless - most members won't even notice the grid went down. It's built to withstand Texas summers, Chicago Winters, and everything in between. And finally, it’s manufactured by our team in Austin, at Base Factory 1, right across the street from our HQ. This new capital will bring Core to more homes and to accelerate our ambition beyond batteries. The round is co-led by Ribbit, Addition, Valor, and JP Morgan, with participation from new major investors D1, Sands, Coatue, Layer Global, and Energy Impact Partners. All of Base’s major existing investors are re-investing, including Thrive, Altimeter, Lightspeed, a16z, CapitalG, Trust, and more. This brings our valuation to $13B. As we enter the most important growth period in the history of the electricity industry, our mission has not changed - advance human prosperity by delivering the world's most affordable and reliable electricity. Our strategy has not changed - technology, plus vertical integration, plus relentless execution, leads to a compounding cost advantage. What has changed is the scope of our ambition - this new capital, along with the team and capabilities we've built over the last three years, positions us to build technology across the electric stack, including what it takes to serve surging demand from AI, and to deepen our partnerships with utilities as they work to meet rising demands. Electricity is the largest and most essential industry in the world, and it does not have a defining technology company. The company that delivers the most affordable, reliable power will be one of the largest and most impactful companies in the world. We intend to build it. If you'd like to join us, reach out. Onwards.

Zach Dell

690,617 次观看 • 2 个月前

Today I sit down with Justin Lopas (Justin Lopas), Co-founder & COO of Base Power. On Monday Base announced a $1B Series D at a $13B post money valuation. Justin spent his early career at SpaceX, where he helped lead the Brownsville site that became Starbase, then ran manufacturing at Anduril. Base puts large batteries on homes, owns and operates them, and uses the fleet to support the grid. This is a conversation about speed, and about how much of it turns out to be a decision rather than an effort level. We discuss: • Why he wanted their first battery installed fast instead of right • Why he thinks good manufacturing is decided during design, not on the factory floor • Why he does not push his suppliers as hard on price as he could • Why SpaceX put him in charge of building the Starship factory two and a half years into his career • The question he asks to find out why a job is really taking so long • How a battery company ended up training its own electricians • Why he calls Base an infrastructure company and not a product company Timestamps: (00:00) Intro (00:48) From Late-Night Research to an Office in Austin (07:55) The First Battery Install Was an Epic Failure (09:15) Finding a Battery Supplier Who Would Let Them In (15:47) Killing Gen Two and Skipping Straight to Gen Three (22:52) From a Hundred Requirements to Cardboard Cutouts (26:02) Good Manufacturing Is Won or Lost at the Design Stage (32:48) How to Build a Supply Chain From Nothing (40:51) Negotiating With Suppliers and Deciding What to Build Yourself (44:58) The Turtle That Marks the Slowest Team (47:39) The SpaceX Lessons on Talent and Speed (54:09) Building a Regulatory Team and Choosing the Next State (58:19) Managing Complexity Is the Whole Job (1:03:20) Tesla Sells Products, Base Owns Infrastructure (1:05:24) Training Electricians and Staying Out of Commercial
1:08:05

Today I sit down with Justin Lopas (Justin Lopas), Co-founder & COO of Base Power. On Monday Base announced a $1B Series D at a $13B post money valuation. Justin spent his early career at SpaceX, where he helped lead the Brownsville site that became Starbase, then ran manufacturing at Anduril. Base puts large batteries on homes, owns and operates them, and uses the fleet to support the grid. This is a conversation about speed, and about how much of it turns out to be a decision rather than an effort level. We discuss: • Why he wanted their first battery installed fast instead of right • Why he thinks good manufacturing is decided during design, not on the factory floor • Why he does not push his suppliers as hard on price as he could • Why SpaceX put him in charge of building the Starship factory two and a half years into his career • The question he asks to find out why a job is really taking so long • How a battery company ended up training its own electricians • Why he calls Base an infrastructure company and not a product company Timestamps: (00:00) Intro (00:48) From Late-Night Research to an Office in Austin (07:55) The First Battery Install Was an Epic Failure (09:15) Finding a Battery Supplier Who Would Let Them In (15:47) Killing Gen Two and Skipping Straight to Gen Three (22:52) From a Hundred Requirements to Cardboard Cutouts (26:02) Good Manufacturing Is Won or Lost at the Design Stage (32:48) How to Build a Supply Chain From Nothing (40:51) Negotiating With Suppliers and Deciding What to Build Yourself (44:58) The Turtle That Marks the Slowest Team (47:39) The SpaceX Lessons on Talent and Speed (54:09) Building a Regulatory Team and Choosing the Next State (58:19) Managing Complexity Is the Whole Job (1:03:20) Tesla Sells Products, Base Owns Infrastructure (1:05:24) Training Electricians and Staying Out of Commercial

Chris Powers

43,855 次观看 • 2 个月前

We profiled the most hyped energy startup in America. Exclusive look inside the $4B startup, Base Power, with co-founders Justin Lopas & Zach Dell A former SpaceX engineer & a Thrive capital investor, rebuilding American energy dominance. Trying to do what SpaceX did to NASA and Anduril to Lockheed. But for energy. Yep, a lot of ambition. So, what do they have to show for it? 0:00 Meet Zach & Justin: Raising $1.3B To Fix America's Grid 1:16 How The Grid Came 4 Minutes From Collapse 1:56 Zach: Why The U.S Desperately Needs A SpaceX for Energy 3:25 Justin Explain's Their Home Battery Installation 4:14 Why Thrive Capital Bet on Zach & Justin (feat. Avery Klemmer) 5:16 How Justin & Zach Met? (Anduril Factory Tour) 6:32 Zach’s Secret Co-founder Test on Justin 7:20 How Base Build Their Competitive MOAT... 10:34 Justin: “Everything you do more than once is a factory” 11:17 Zach: This Is How To Raise $1.3B from Tier-1 Funds... 13:38 How to Build An Elite Team & Culture 14:26 Zach: "I'm Never Stoked To Fire People, But..." 15:33 The Personal Cost of Being An Entrepreneur 16:35 Energy, China and America’s future 18:22 Unpacking The Chip on Zach's Shoulder 19:13 Zach: “I Am Not the CEO This Company Needs in 5 Years” 19:49 Sachin & Adam: Our 3 Biggest Takeaways
21:22

We profiled the most hyped energy startup in America. Exclusive look inside the $4B startup, Base Power, with co-founders Justin Lopas & Zach Dell A former SpaceX engineer & a Thrive capital investor, rebuilding American energy dominance. Trying to do what SpaceX did to NASA and Anduril to Lockheed. But for energy. Yep, a lot of ambition. So, what do they have to show for it? 0:00 Meet Zach & Justin: Raising $1.3B To Fix America's Grid 1:16 How The Grid Came 4 Minutes From Collapse 1:56 Zach: Why The U.S Desperately Needs A SpaceX for Energy 3:25 Justin Explain's Their Home Battery Installation 4:14 Why Thrive Capital Bet on Zach & Justin (feat. Avery Klemmer) 5:16 How Justin & Zach Met? (Anduril Factory Tour) 6:32 Zach’s Secret Co-founder Test on Justin 7:20 How Base Build Their Competitive MOAT... 10:34 Justin: “Everything you do more than once is a factory” 11:17 Zach: This Is How To Raise $1.3B from Tier-1 Funds... 13:38 How to Build An Elite Team & Culture 14:26 Zach: "I'm Never Stoked To Fire People, But..." 15:33 The Personal Cost of Being An Entrepreneur 16:35 Energy, China and America’s future 18:22 Unpacking The Chip on Zach's Shoulder 19:13 Zach: “I Am Not the CEO This Company Needs in 5 Years” 19:49 Sachin & Adam: Our 3 Biggest Takeaways

Sachin and Adam

67,496 次观看 • 4 个月前

BREAKING: Impulse Space Raises $500M Series D Reaching $1+ Billion in Total Funding to Build In-Space Mobility Infrastructure aka "Move Things in Space" Full interview w/ President & COO Eric Romo (Eric Romo) (SpaceX Employee #13) Founder & CEO Tom Mueller (Tom Mueller) (SpaceX Employee #1): "We're building more than spacecraft: we're building the economic & technical engine that will power humanity's expansion into space. From Earth orbit to the Moon & beyond, the ability to move quickly, precisely, & affordably on orbit is the fundamental capability that will unlock a true space age." We cover: → The $500M raise → Mira: precision maneuvering → Helios: same-day delivery → Caravan: GEO rideshare → Commercial vs defense → Space Force demand → SpaceX origins → Hiring 200+ roles The Series D was co-led by 137 Ventures & BANNER VC. Additional participating investors include Founder’s Fund, Lux Capital, & Linse Capital. 𝐓𝐈𝐌𝐄𝐒𝐓𝐀𝐌𝐏𝐒 (00:00) Eric Romo, President & COO at Impulse Space (00:58) Fueling the next phase with a $500M Series D (04:30) Crossing the $1B funding mark (06:00) The freedom to execute (07:09) Why startups d*e from indigestion (08:30) Building beyond SpaceX (13:32) How defense became the real opportunity (16:19) Impulse’s product stack: Mira, Helios & Caravan (23:43) The economics of urgency (26:23) "Closer to a fighter jet than a tugboat" (30:40) The new era of space defense (37:33) The SpaceX DNA at Impulse (38:27) The biggest lesson from SpaceX (44:23) Hiring world class engineers (45:38) If not COO, then what? (46:43) The road to first Helios launch
47:57

BREAKING: Impulse Space Raises $500M Series D Reaching $1+ Billion in Total Funding to Build In-Space Mobility Infrastructure aka "Move Things in Space" Full interview w/ President & COO Eric Romo (Eric Romo) (SpaceX Employee #13) Founder & CEO Tom Mueller (Tom Mueller) (SpaceX Employee #1): "We're building more than spacecraft: we're building the economic & technical engine that will power humanity's expansion into space. From Earth orbit to the Moon & beyond, the ability to move quickly, precisely, & affordably on orbit is the fundamental capability that will unlock a true space age." We cover: → The $500M raise → Mira: precision maneuvering → Helios: same-day delivery → Caravan: GEO rideshare → Commercial vs defense → Space Force demand → SpaceX origins → Hiring 200+ roles The Series D was co-led by 137 Ventures & BANNER VC. Additional participating investors include Founder’s Fund, Lux Capital, & Linse Capital. 𝐓𝐈𝐌𝐄𝐒𝐓𝐀𝐌𝐏𝐒 (00:00) Eric Romo, President & COO at Impulse Space (00:58) Fueling the next phase with a $500M Series D (04:30) Crossing the $1B funding mark (06:00) The freedom to execute (07:09) Why startups d*e from indigestion (08:30) Building beyond SpaceX (13:32) How defense became the real opportunity (16:19) Impulse’s product stack: Mira, Helios & Caravan (23:43) The economics of urgency (26:23) "Closer to a fighter jet than a tugboat" (30:40) The new era of space defense (37:33) The SpaceX DNA at Impulse (38:27) The biggest lesson from SpaceX (44:23) Hiring world class engineers (45:38) If not COO, then what? (46:43) The road to first Helios launch

Molly O’Shea

1,161,880 次观看 • 4 个月前

BREAKING: Senra Systems Raises $65M Series B co-led by Lowercarbon Capital & Interlagos Total funding hits $112M+ Full interviews: › Co-Founder & CEO Jordan Black › Ken Venner Chief Tech & Product Officer (fmr SpaceX CIO) › Factory tour Wire harnesses are the nervous system of every rocket, car, & missile. Up to 25% of a vehicle's cost, & still 100% built by hand. Senra Systems is rebuilding wire harness manufacturing around software. Series B participation from General Catalyst, Sequoia Capital, Andreessen Horowitz, Founders Fund, Dylan Field, CIV, 8VC, The Friedkin Group, Jaws Estates Capital, Sozo Ventures, & Alumni Ventures We cover: › $65M round & Factory 3 › Ken Venner on scaling Broadcom & SpaceX › Quitting SpaceX to build harnesses on an apartment carpet › Supplying the fastest-scaling defense companies in America › Amp, their operating system › Where the name Senra comes from 𝐓𝐈𝐌𝐄𝐒𝐓𝐀𝐌𝐏𝐒 (00:00) Jordan Black, Co-Founder & CEO & Ken Venner, CTPO at Senra Systems (00:57) Senra raises a $65M Series B (01:36) What Senra Systems actually builds (05:18) Why they built two very different factories (07:00) The reindustrialization of America (09:09) Commercial vs. Government: who's really buying? (09:52) The origin story (17:35) Turning a 2-year training pipeline into 4 weeks (25:06) Bringing on SpaceX legend Ken Venner (29:23) Why Jordan became obsessed with wire harnessing (31:46) The investors betting big on wire harnesses (34:16) The real story behind the name "Senra" (36:49) Will the SpaceX IPO fuel Senra's growth? (39:32) Ken Venner (41:40) Scaling lessons from Broadcom and SpaceX (43:21) Why Ken left Broadcom for SpaceX (44:40) Life as SpaceX's CIO (46:11) The secret to Elon Musk's management style (47:15) What it's really like working with Gwynne Shotwell (51:28) Scaling with AI vs. pure headcount (55:04) Factory tour with Jordan
1:10:55

BREAKING: Senra Systems Raises $65M Series B co-led by Lowercarbon Capital & Interlagos Total funding hits $112M+ Full interviews: › Co-Founder & CEO Jordan Black › Ken Venner Chief Tech & Product Officer (fmr SpaceX CIO) › Factory tour Wire harnesses are the nervous system of every rocket, car, & missile. Up to 25% of a vehicle's cost, & still 100% built by hand. Senra Systems is rebuilding wire harness manufacturing around software. Series B participation from General Catalyst, Sequoia Capital, Andreessen Horowitz, Founders Fund, Dylan Field, CIV, 8VC, The Friedkin Group, Jaws Estates Capital, Sozo Ventures, & Alumni Ventures We cover: › $65M round & Factory 3 › Ken Venner on scaling Broadcom & SpaceX › Quitting SpaceX to build harnesses on an apartment carpet › Supplying the fastest-scaling defense companies in America › Amp, their operating system › Where the name Senra comes from 𝐓𝐈𝐌𝐄𝐒𝐓𝐀𝐌𝐏𝐒 (00:00) Jordan Black, Co-Founder & CEO & Ken Venner, CTPO at Senra Systems (00:57) Senra raises a $65M Series B (01:36) What Senra Systems actually builds (05:18) Why they built two very different factories (07:00) The reindustrialization of America (09:09) Commercial vs. Government: who's really buying? (09:52) The origin story (17:35) Turning a 2-year training pipeline into 4 weeks (25:06) Bringing on SpaceX legend Ken Venner (29:23) Why Jordan became obsessed with wire harnessing (31:46) The investors betting big on wire harnesses (34:16) The real story behind the name "Senra" (36:49) Will the SpaceX IPO fuel Senra's growth? (39:32) Ken Venner (41:40) Scaling lessons from Broadcom and SpaceX (43:21) Why Ken left Broadcom for SpaceX (44:40) Life as SpaceX's CIO (46:11) The secret to Elon Musk's management style (47:15) What it's really like working with Gwynne Shotwell (51:28) Scaling with AI vs. pure headcount (55:04) Factory tour with Jordan

Molly O’Shea

943,456 次观看 • 2 个月前

Today, a16z is announcing the Machine Age Fund, a new $1.1 billion fund for founders rebuilding what intelligence runs on: chips, memory, networking, systems software, power, and the machines that bring AI into the physical world. Ben Horowitz, Martin Casado, and Raghu Raghuram see a new economic law. A thousand engineers cannot erase a two-year software lead, but a massive GPU cluster can turn capital directly into capability. Models are improving faster than the memory, interconnect, power, and cooling beneath them. The founder map is changing with it. Some of the strongest teams are moving from pure software into complex hardware because every constraint in the stack is now a company-building opportunity. In this conversation with Erik Torenberg, they explain what founders can build, why the opportunity reaches all the way down to the physical stack, and why a16z created a fund for it. 00:00 Intro 01:08 Why AI needs an entirely new infrastructure 02:02 The bottleneck is no longer the model 02:40 Founders saw it before investors did 06:07 Sold out through 2028 07:14 Why this time is different from 1999 08:57 The company whose idle hardware gained value 10:51 "Why didn't this fund exist five years ago?" 13:51 "Nobody likes to use AI more than AI" 17:06 The startup law that capital just broke 21:05 What Grok Bot got right 26:43 The case for a custom chip per model 28:23 Why AC power isn't good enough 32:07 Lots of new electricians 34:14 What one gigawatt can power 35:03 Why utilities can't just build faster 37:22 The data centers that give power back 38:01 Why we should never have called it AI 39:43 Why Nvidia will willingly leave money on the table 48:08 Hardware founders are older 52:36 Why America has to lead YouTube: benahorowitz.eth Raghu Raghuram martin_casado Erik Torenberg
53:58

Today, a16z is announcing the Machine Age Fund, a new $1.1 billion fund for founders rebuilding what intelligence runs on: chips, memory, networking, systems software, power, and the machines that bring AI into the physical world. Ben Horowitz, Martin Casado, and Raghu Raghuram see a new economic law. A thousand engineers cannot erase a two-year software lead, but a massive GPU cluster can turn capital directly into capability. Models are improving faster than the memory, interconnect, power, and cooling beneath them. The founder map is changing with it. Some of the strongest teams are moving from pure software into complex hardware because every constraint in the stack is now a company-building opportunity. In this conversation with Erik Torenberg, they explain what founders can build, why the opportunity reaches all the way down to the physical stack, and why a16z created a fund for it. 00:00 Intro 01:08 Why AI needs an entirely new infrastructure 02:02 The bottleneck is no longer the model 02:40 Founders saw it before investors did 06:07 Sold out through 2028 07:14 Why this time is different from 1999 08:57 The company whose idle hardware gained value 10:51 "Why didn't this fund exist five years ago?" 13:51 "Nobody likes to use AI more than AI" 17:06 The startup law that capital just broke 21:05 What Grok Bot got right 26:43 The case for a custom chip per model 28:23 Why AC power isn't good enough 32:07 Lots of new electricians 34:14 What one gigawatt can power 35:03 Why utilities can't just build faster 37:22 The data centers that give power back 38:01 Why we should never have called it AI 39:43 Why Nvidia will willingly leave money on the table 48:08 Hardware founders are older 52:36 Why America has to lead YouTube: benahorowitz.eth Raghu Raghuram martin_casado Erik Torenberg

a16z

643,023 次观看 • 1 个月前

BREAKING: First-Ever Full Tour of Figure's Humanoid HQ CEO Brett Adcock Exclusive look through every department on their San Jose campus: BotQ Factory, Testing, Design, Demos & more. Brett walks us through how Figure is built: - System integration lab: where robots are stress-tested with software faults & physical pushes - Helix AI: team floor where the controls & neural network engineers train the vision-language-action model that runs onboard every Figure robot - Reinforcement learning & stability testing: where Figure demos the Vulcan project — surviving a lost knee mid-task - Home: environment where Figure 03 autonomously tidies a living room using their Helix neural network (no teleoperation) - BotQ: manufacturing facility where heads, batteries, and limbs come together on the assembly line, including the custom-built battery line & end-of-line burn-in bays - Industrial design studio: (opened publicly for the first time) housing every generation of Figure robot ever built, including: Figure 01 with its Frankenstein forearms, Figure 02, & the sleek Figure 03 that recently appeared at the White House, plus the evolution of Figure's hands & feet Brett shares why he believes humanoid robots may achieve AGI before any other form factor, why Figure pivoted entirely from hand-coded controls to neural networks, & teases that Figure 04 will be their "iPhone 1 moment." This was so much fun! Big thank you to Brett & the team at Figure for opening the doors for us! Brett Adcock Figure 𝐓𝐈𝐌𝐄𝐒𝐓𝐀𝐌𝐏𝐒 (00:00) Inside Figure’s Humanoid Campus (00:48) The humanoid factory (03:18) First humanoid guest at the White House (05:29) Controlling a robot with infinite movements (10:46) The truth about robot failures (13:00) Attacking a humanoid robot (testing responses) (16:12) Building a general purpose robot (23:05) The "Never Fall" protocol (28:56) Is the home robot teleoperated? (33:36) Leasing a 24/7 robot (35:01) Can a humanoid build a real car? (43:32) From flying robots to humanoids (45:59) The hidden path to physical AGI (56:21) Figure's secret design studio (01:00:44) Figure 4: The biggest leap in robotics (01:06:25) Training robots in spandex (01:10:26) Westworld, TIME Magazine, & Deadmau5
1:12:19

BREAKING: First-Ever Full Tour of Figure's Humanoid HQ CEO Brett Adcock Exclusive look through every department on their San Jose campus: BotQ Factory, Testing, Design, Demos & more. Brett walks us through how Figure is built: - System integration lab: where robots are stress-tested with software faults & physical pushes - Helix AI: team floor where the controls & neural network engineers train the vision-language-action model that runs onboard every Figure robot - Reinforcement learning & stability testing: where Figure demos the Vulcan project — surviving a lost knee mid-task - Home: environment where Figure 03 autonomously tidies a living room using their Helix neural network (no teleoperation) - BotQ: manufacturing facility where heads, batteries, and limbs come together on the assembly line, including the custom-built battery line & end-of-line burn-in bays - Industrial design studio: (opened publicly for the first time) housing every generation of Figure robot ever built, including: Figure 01 with its Frankenstein forearms, Figure 02, & the sleek Figure 03 that recently appeared at the White House, plus the evolution of Figure's hands & feet Brett shares why he believes humanoid robots may achieve AGI before any other form factor, why Figure pivoted entirely from hand-coded controls to neural networks, & teases that Figure 04 will be their "iPhone 1 moment." This was so much fun! Big thank you to Brett & the team at Figure for opening the doors for us! Brett Adcock Figure 𝐓𝐈𝐌𝐄𝐒𝐓𝐀𝐌𝐏𝐒 (00:00) Inside Figure’s Humanoid Campus (00:48) The humanoid factory (03:18) First humanoid guest at the White House (05:29) Controlling a robot with infinite movements (10:46) The truth about robot failures (13:00) Attacking a humanoid robot (testing responses) (16:12) Building a general purpose robot (23:05) The "Never Fall" protocol (28:56) Is the home robot teleoperated? (33:36) Leasing a 24/7 robot (35:01) Can a humanoid build a real car? (43:32) From flying robots to humanoids (45:59) The hidden path to physical AGI (56:21) Figure's secret design studio (01:00:44) Figure 4: The biggest leap in robotics (01:06:25) Training robots in spandex (01:10:26) Westworld, TIME Magazine, & Deadmau5

Molly O’Shea

735,192 次观看 • 5 个月前

Today I sit down with Riley Meik (Riley Meik), co-founder and CEO of The American Housing Corporation, a company building factory-made row homes for the kind of city lots we've stopped building on. For 70 years we got great at putting single-family homes on the outskirts and basically quit building family-sized housing in the places people actually want to live. Riley's bet is that you fix that the way you'd fix any hard manufacturing problem: own the whole stack, design every part from first principles, and build the home in a factory. His first prototype went from manufactured to installed to finished in 13 weeks, and the goal from here is a home that costs 30 to 50% less than local construction. Timestamps: (00:00) Intro (01:22) The Housing Crisis Is a Production Problem (04:33) Why America Stopped Building Family Housing in Cities (09:50) The First Company and Why Selling to Home Builders Doesn't Work (14:58) First Principles Engineering: What Does a Wall Actually Need to Do? (21:39) Getting Code-Certified for a Building System That Doesn't Exist Yet (27:57) One Miracle at a Time (31:47) Three Entities, One Mission: How AHC's Capital Stack Works (37:52) 18 Months of R&D: Panel Install Time Dropped 70% (44:22) The Two-Week Build Goal (47:03) Eichler Homes and Designing for Young Families (52:24) Beautiful Housing Gets Approved: Design as Regulatory Strategy (1:00:08) Gigafactory Over Mobile Micro-Factory (1:04:40) Margin Targets, Market Selection, and the Coastal City Thesis (1:11:39) Earning the Right to Automate and Hiring for the Housing Crisis
1:20:24

Today I sit down with Riley Meik (Riley Meik), co-founder and CEO of The American Housing Corporation, a company building factory-made row homes for the kind of city lots we've stopped building on. For 70 years we got great at putting single-family homes on the outskirts and basically quit building family-sized housing in the places people actually want to live. Riley's bet is that you fix that the way you'd fix any hard manufacturing problem: own the whole stack, design every part from first principles, and build the home in a factory. His first prototype went from manufactured to installed to finished in 13 weeks, and the goal from here is a home that costs 30 to 50% less than local construction. Timestamps: (00:00) Intro (01:22) The Housing Crisis Is a Production Problem (04:33) Why America Stopped Building Family Housing in Cities (09:50) The First Company and Why Selling to Home Builders Doesn't Work (14:58) First Principles Engineering: What Does a Wall Actually Need to Do? (21:39) Getting Code-Certified for a Building System That Doesn't Exist Yet (27:57) One Miracle at a Time (31:47) Three Entities, One Mission: How AHC's Capital Stack Works (37:52) 18 Months of R&D: Panel Install Time Dropped 70% (44:22) The Two-Week Build Goal (47:03) Eichler Homes and Designing for Young Families (52:24) Beautiful Housing Gets Approved: Design as Regulatory Strategy (1:00:08) Gigafactory Over Mobile Micro-Factory (1:04:40) Margin Targets, Market Selection, and the Coastal City Thesis (1:11:39) Earning the Right to Automate and Hiring for the Housing Crisis

Chris Powers

61,838 次观看 • 3 个月前

My first interview with Eric Jorgenson 📚 ☀️, Author of The Book of Elon. 0:12 Why Elon outcompetes everyone 1:53 Not wanting to be CEO 6:15 Why there was a 1 in 100 chance of Tesla and SpaceX both succeeding 10:03 Thinking in lost future revenue 11:58 Living with a gun next to his bed 15:02 How Elon starts companies 19:23 Giving Larry Page an early demo of the Roadster 21:27 Why Elon calls people into the factory at 2am 25:01 The 20 people who execute Elon’s will autonomously - MrBeast clones 28:52 Working with Elon is doing a tour of duty 31:18 Creating a grand vision that people can believe in 36:42 How to thrive under Elon 37:30 The Algorithm - question every requirement, delete part or process, simplify and optimize, accelerate, automate 41:38 Setting up a tent factory in the Tesla Fremont parking lot 43:28 How Elon would play the game if he was born 300 years ago 45:10 Empathy for the individual vs empathy for the mission 46:57 Being feared vs being loved 48:38 The endless churn at Elon companies 50:49 Ruthlessness and having a willingness to be disliked 56:08 Creating enemies and chaos 58:37 Shifting SpaceX’s focus from Mars to building a base on the Moon 1:00:07 Justifying Tesla’s valuation by reseting the vision 1:02:21 The S-Curve of ambition - colonizing planets, Starlink, Terafab 1:04:44 Throwing billions of dollars behind new companies 1:06:22 A great team is just the sum of the individual vectors 1:11:09 The idiot index at an industry-scale 1:13:53 Why it’s critical for space companies to control launch 1:15:44 Thinking in limits 1:18:47 Expanding the vision until no one can measure it 1:23:41 Internalizing pain and dealing with setbacks 1:26:03 The evolution of Elon’s operating philosophy over the last 30 years 1:27:37 Effectiveness
1:29:15

My first interview with Eric Jorgenson 📚 ☀️, Author of The Book of Elon. 0:12 Why Elon outcompetes everyone 1:53 Not wanting to be CEO 6:15 Why there was a 1 in 100 chance of Tesla and SpaceX both succeeding 10:03 Thinking in lost future revenue 11:58 Living with a gun next to his bed 15:02 How Elon starts companies 19:23 Giving Larry Page an early demo of the Roadster 21:27 Why Elon calls people into the factory at 2am 25:01 The 20 people who execute Elon’s will autonomously - MrBeast clones 28:52 Working with Elon is doing a tour of duty 31:18 Creating a grand vision that people can believe in 36:42 How to thrive under Elon 37:30 The Algorithm - question every requirement, delete part or process, simplify and optimize, accelerate, automate 41:38 Setting up a tent factory in the Tesla Fremont parking lot 43:28 How Elon would play the game if he was born 300 years ago 45:10 Empathy for the individual vs empathy for the mission 46:57 Being feared vs being loved 48:38 The endless churn at Elon companies 50:49 Ruthlessness and having a willingness to be disliked 56:08 Creating enemies and chaos 58:37 Shifting SpaceX’s focus from Mars to building a base on the Moon 1:00:07 Justifying Tesla’s valuation by reseting the vision 1:02:21 The S-Curve of ambition - colonizing planets, Starlink, Terafab 1:04:44 Throwing billions of dollars behind new companies 1:06:22 A great team is just the sum of the individual vectors 1:11:09 The idiot index at an industry-scale 1:13:53 Why it’s critical for space companies to control launch 1:15:44 Thinking in limits 1:18:47 Expanding the vision until no one can measure it 1:23:41 Internalizing pain and dealing with setbacks 1:26:03 The evolution of Elon’s operating philosophy over the last 30 years 1:27:37 Effectiveness

Ti Morse

126,252 次观看 • 5 个月前

BREAKING: deel Hits $1.4B+ ARR Co-founded by CEO Alex Bouaziz (Alex Bouaziz) & CRO Shuo Wang (Shuo Wang), Alex shares their hypergrowth playbook.. Founded in 2019, at only 7 years old: - Deel has scaled to $1.4B+ ARR - Reached a $17.3B valuation - 40K+ customers across 150+ countries - 3+ years of being profitable Deel has rapidly become the #1 platform for hiring & paying employees worldwide. We discuss: • Scaling Deel to $1.4B+ ARR • Serving 40K+ companies across 150+ countries • Deel’s 10+ acquisition M&A strategy • Building a profitable hypergrowth SaaS company • The future of global hiring & distributed teams • How AI agents will transform the workforce Recent Financing: Oct 2025, Deel announced a $300 million Series E funding round, valuing the company at $17.3 billion co-led by Ribbit Capital (Ribbit Capital) as a new investor, alongside long-time partners Andreessen Horowitz (a16z) & Coatue Management (COATUE). This was filmed in London February 12, 2026 𝐓𝐈𝐌𝐄𝐒𝐓𝐀𝐌𝐏𝐒 (00:00) Alex Bouaziz, Co-Founder & CEO at Deel (02:05) Working with co-founder & CRO Shuo Wang (03:54) What Deel actually does (05:05) Biggest customers (05:54) $17B valuation and latest funding round (06:35) How Deel approaches fundraising (07:50) Hitting $100M ARR and early growth (09:25) Why raise money if you are already profitable? (10:35) Inside the latest funding round (12:03) Why payroll is a huge global opportunity (14:21) How Deel expanded its product stack (15:21) The challenges of hiring globally (16:18) Running a 7,000 person fully remote company (18:29) Tips for building remote teams (19:50) Why Deel went global from day one (22:47) How AI is changing hiring (25:00) Deel’s moat in an AI world (26:19) A question from Micky Malka (26:57) From airlines to oil and gas: who uses Deel (27:58) M&A strategy and integration playbook (34:33) Biggest mistakes companies make with acquisitions (35:56) How to retain founders after acquisitions (36:34) Deel's new CFO (39:09) What it takes to be IPO ready (40:29) How AI could affect Deel’s future (42:55) The "Dubai founder controversy" (46:00) Leading in a competitive market (50:47) The biggest misconception about Deel (53:27) The right people around you (56:51) The "default optimism" (58:33) What’s next for Deel (01:01:05) The future of autonomous agents (01:03:35) Biggest lessons from Shuo (01:06:34) What makes a great salesperson (01:08:32) Partnering with Arsenal
1:11:39

BREAKING: deel Hits $1.4B+ ARR Co-founded by CEO Alex Bouaziz (Alex Bouaziz) & CRO Shuo Wang (Shuo Wang), Alex shares their hypergrowth playbook.. Founded in 2019, at only 7 years old: - Deel has scaled to $1.4B+ ARR - Reached a $17.3B valuation - 40K+ customers across 150+ countries - 3+ years of being profitable Deel has rapidly become the #1 platform for hiring & paying employees worldwide. We discuss: • Scaling Deel to $1.4B+ ARR • Serving 40K+ companies across 150+ countries • Deel’s 10+ acquisition M&A strategy • Building a profitable hypergrowth SaaS company • The future of global hiring & distributed teams • How AI agents will transform the workforce Recent Financing: Oct 2025, Deel announced a $300 million Series E funding round, valuing the company at $17.3 billion co-led by Ribbit Capital (Ribbit Capital) as a new investor, alongside long-time partners Andreessen Horowitz (a16z) & Coatue Management (COATUE). This was filmed in London February 12, 2026 𝐓𝐈𝐌𝐄𝐒𝐓𝐀𝐌𝐏𝐒 (00:00) Alex Bouaziz, Co-Founder & CEO at Deel (02:05) Working with co-founder & CRO Shuo Wang (03:54) What Deel actually does (05:05) Biggest customers (05:54) $17B valuation and latest funding round (06:35) How Deel approaches fundraising (07:50) Hitting $100M ARR and early growth (09:25) Why raise money if you are already profitable? (10:35) Inside the latest funding round (12:03) Why payroll is a huge global opportunity (14:21) How Deel expanded its product stack (15:21) The challenges of hiring globally (16:18) Running a 7,000 person fully remote company (18:29) Tips for building remote teams (19:50) Why Deel went global from day one (22:47) How AI is changing hiring (25:00) Deel’s moat in an AI world (26:19) A question from Micky Malka (26:57) From airlines to oil and gas: who uses Deel (27:58) M&A strategy and integration playbook (34:33) Biggest mistakes companies make with acquisitions (35:56) How to retain founders after acquisitions (36:34) Deel's new CFO (39:09) What it takes to be IPO ready (40:29) How AI could affect Deel’s future (42:55) The "Dubai founder controversy" (46:00) Leading in a competitive market (50:47) The biggest misconception about Deel (53:27) The right people around you (56:51) The "default optimism" (58:33) What’s next for Deel (01:01:05) The future of autonomous agents (01:03:35) Biggest lessons from Shuo (01:06:34) What makes a great salesperson (01:08:32) Partnering with Arsenal

Molly O’Shea

284,721 次观看 • 6 个月前

Mitchell Green is the co-founder and managing partner of Lead Edge Capital, a $9B growth equity firm he founded in 2011. For 15 years, he and his partners have built one of the most disciplined investment machines in the business, designed to deliver consistent returns by hitting doubles and triples rather than chasing power law outcomes. He obsesses over avoiding zeros and is constantly underwriting investments to know exactly when to sell. He has built a unique culture at Lead Edge, sending handwritten thank you notes to nearly everyone he meets and sitting down one on one with every person at the firm once a year. He is, by his own admission, one of the most persistent and competitive people you will meet. After the episode, he told me he believes the most important thing in life is to be memorable. You will find, listening to this conversation, that he very much is. We discuss: - Why it’s the best time to buy public software companies - Lessons from 10,000 cold calls - His unique LP base - Why consistency of returns matters more than home runs - The art of knowing when to sell - How culture is built from the top + the importance of follow-through - What skiing taught him about risk and competition Enjoy! Timestamps: 0:00 Intro 1:00 The Hierarchy of BS 2:20 Lessons From 10,000 Cold Calls 9:05 Base Hits vs. Grand Slams 15:24 The 8 Buying Criteria 17:24 Pricing and the AI Exit Multiple Trap 19:24 Software as a Game of Distribution 23:20 Creative Deal Structuring 26:27 The Framework for Focus 29:01 The Art of the Investigative Cold Call 34:24 Culture of Hustle 35:34 The Annual One-on-One Process 37:59 Playing to Strengths 39:43 The Mount Rushmore of Investment Machines 42:05 Fears and Excitement Around AI 48:54 Ski Racing 52:29 Advice for Starting a Firm 54:35 The Kindest Thing
1:00:38

Mitchell Green is the co-founder and managing partner of Lead Edge Capital, a $9B growth equity firm he founded in 2011. For 15 years, he and his partners have built one of the most disciplined investment machines in the business, designed to deliver consistent returns by hitting doubles and triples rather than chasing power law outcomes. He obsesses over avoiding zeros and is constantly underwriting investments to know exactly when to sell. He has built a unique culture at Lead Edge, sending handwritten thank you notes to nearly everyone he meets and sitting down one on one with every person at the firm once a year. He is, by his own admission, one of the most persistent and competitive people you will meet. After the episode, he told me he believes the most important thing in life is to be memorable. You will find, listening to this conversation, that he very much is. We discuss: - Why it’s the best time to buy public software companies - Lessons from 10,000 cold calls - His unique LP base - Why consistency of returns matters more than home runs - The art of knowing when to sell - How culture is built from the top + the importance of follow-through - What skiing taught him about risk and competition Enjoy! Timestamps: 0:00 Intro 1:00 The Hierarchy of BS 2:20 Lessons From 10,000 Cold Calls 9:05 Base Hits vs. Grand Slams 15:24 The 8 Buying Criteria 17:24 Pricing and the AI Exit Multiple Trap 19:24 Software as a Game of Distribution 23:20 Creative Deal Structuring 26:27 The Framework for Focus 29:01 The Art of the Investigative Cold Call 34:24 Culture of Hustle 35:34 The Annual One-on-One Process 37:59 Playing to Strengths 39:43 The Mount Rushmore of Investment Machines 42:05 Fears and Excitement Around AI 48:54 Ski Racing 52:29 Advice for Starting a Firm 54:35 The Kindest Thing

Patrick OShaughnessy

740,319 次观看 • 6 个月前

Real-time world models represent a fundamental shift in AI. reactor is building the platform for real-time generative video infrastructure, supporting developers who need the tech for use across entertainment, physical AI, and robotics. Co-founders Alberto and Bryce Schmidtchen joined us last week on The Investment Memo, hosted by Partners Bucky Moore and Amber Yang, to talk about the era of world models. The conversation centered around the infrastructure Reactor is building, why real-time models are the edge right now, and current use cases for the product. Alberto and Bryce agreed that world models are shaping the way simulations are created, and that developers need a streamlined platform that can support their ideas. We believe Reactor is positioned to be at the frontier of research into real-time generative models. We look forward to seeing how these models apply across industries. Chapters 00:00 Introduction & Overview of Reactor 01:08 Meet the Hosts & Founders 02:18 The Origin Story: From 3D Assets to World Models 05:07 Real-Time Video Applications Across Industries 06:55 The Open Source World Model Explosion 07:23 Why Infrastructure Is the Opportunity 08:42 Parallels to Past Technology Waves 09:51 Bridging the Research-to-Production Gap 13:13 What Developers Are Building with World Models 16:41 Lessons from Luma AI 18:23 What Apple Vision Pro Taught Bryce About Real-Time Systems 20:48 Company Values & Team Culture 22:40 Series A: What the Capital Unlocks 24:13 Reactor's Five-Year Vision 26:09 Closing Remarks
26:35

Real-time world models represent a fundamental shift in AI. reactor is building the platform for real-time generative video infrastructure, supporting developers who need the tech for use across entertainment, physical AI, and robotics. Co-founders Alberto and Bryce Schmidtchen joined us last week on The Investment Memo, hosted by Partners Bucky Moore and Amber Yang, to talk about the era of world models. The conversation centered around the infrastructure Reactor is building, why real-time models are the edge right now, and current use cases for the product. Alberto and Bryce agreed that world models are shaping the way simulations are created, and that developers need a streamlined platform that can support their ideas. We believe Reactor is positioned to be at the frontier of research into real-time generative models. We look forward to seeing how these models apply across industries. Chapters 00:00 Introduction & Overview of Reactor 01:08 Meet the Hosts & Founders 02:18 The Origin Story: From 3D Assets to World Models 05:07 Real-Time Video Applications Across Industries 06:55 The Open Source World Model Explosion 07:23 Why Infrastructure Is the Opportunity 08:42 Parallels to Past Technology Waves 09:51 Bridging the Research-to-Production Gap 13:13 What Developers Are Building with World Models 16:41 Lessons from Luma AI 18:23 What Apple Vision Pro Taught Bryce About Real-Time Systems 20:48 Company Values & Team Culture 22:40 Series A: What the Capital Unlocks 24:13 Reactor's Five-Year Vision 26:09 Closing Remarks

Lightspeed

144,942 次观看 • 3 个月前

BREAKING: Nominal Hits $1B Valuation — Founders Fund Preempts $80M B-2 Acceleration Round Just 10 months after Nominal's $75M Series B led by Sequoia's Alfred Lin CEO Cameron McCord & Trae Stephens (Founders Fund + Anduril) join Sourcery to discuss: - $155M raised in 10 months, nearly $200M total funding - Early validation at Anduril - 4 of the 5 largest defense primes are now customers - Reducing major hardware test campaigns by 50–60% (which can cost ~$3M per day) - Strategy: platform expansion, potential M&A, and aggressive hiring - Anduril LORE All systems Nominal. Cameron McCord Trae Stephens Alfred Lin 𝐓𝐈𝐌𝐄𝐒𝐓𝐀𝐌𝐏𝐒 (00:00) Trae Stephens & Cameron McCord (01:11) Nominal raises $80M from Founders Fund (03:32) Why Founders Fund made the investment (05:22) Palantir, FF, Anduril: Trae is a "Slashie" (07:14) Nominal: the GitHub for hardware testing (12:33) Why Sequoia believed Nominal’s TAM was much bigger (15:36) Inside Nominal’s growing defense customer base (17:32) Why government hardware testing still relies on Excel and MATLAB (22:22) Cutting hardware testing time by up to 60% (26:55) How AI changes hardware development (37:22) Why the government is backing new defense tech companies (33:35) Nominal's sales strategy (45:44) Competing with legacy software giants (46:24) Recruiting top engineers (50:56) Early Anduril LORE: Stories from the desert
54:47

BREAKING: Nominal Hits $1B Valuation — Founders Fund Preempts $80M B-2 Acceleration Round Just 10 months after Nominal's $75M Series B led by Sequoia's Alfred Lin CEO Cameron McCord & Trae Stephens (Founders Fund + Anduril) join Sourcery to discuss: - $155M raised in 10 months, nearly $200M total funding - Early validation at Anduril - 4 of the 5 largest defense primes are now customers - Reducing major hardware test campaigns by 50–60% (which can cost ~$3M per day) - Strategy: platform expansion, potential M&A, and aggressive hiring - Anduril LORE All systems Nominal. Cameron McCord Trae Stephens Alfred Lin 𝐓𝐈𝐌𝐄𝐒𝐓𝐀𝐌𝐏𝐒 (00:00) Trae Stephens & Cameron McCord (01:11) Nominal raises $80M from Founders Fund (03:32) Why Founders Fund made the investment (05:22) Palantir, FF, Anduril: Trae is a "Slashie" (07:14) Nominal: the GitHub for hardware testing (12:33) Why Sequoia believed Nominal’s TAM was much bigger (15:36) Inside Nominal’s growing defense customer base (17:32) Why government hardware testing still relies on Excel and MATLAB (22:22) Cutting hardware testing time by up to 60% (26:55) How AI changes hardware development (37:22) Why the government is backing new defense tech companies (33:35) Nominal's sales strategy (45:44) Competing with legacy software giants (46:24) Recruiting top engineers (50:56) Early Anduril LORE: Stories from the desert

Molly O’Shea

139,078 次观看 • 7 个月前

BREAKING: Neros Raises $250M Series C at $2.5 Billion Valuation FULL INTERVIEW "America should have the capability to have factories that can make millions of drones per year because that's what modern conflict demands." Co-Founder & CEO Soren Monroe-Anderson (Soren Monroe-Anderson) takes us inside the new 250K sq ft Torrance factory. Currently shipping ~1,250 drones a week. Sized for 1 million a year by 2028. Fresh off a $500M Army IDIQ for 100,000s of drones over 5 years This round was led by Shaun Maguire of Sequoia Capital & American Strategic Technology Fund w/ participation from Interlagos, Valor Equity Partners, Allen & Company, Thiel Capital, Spark Capital, & Mantis With this capital Neros Technologies is now going multi-product with: › Archer AI — Autonomous strike drone › Bandit — Counter-drone interceptor › Marksman — Ruggedized operator handset › Useful Autonomy — Framework for evaluating autonomy claims ICYMI: China builds an estimated tens of millions of drones a year & arms both sides in Ukraine. America is way behind, representing just 1% of the world's small drones. Neros was the first FPV maker to win Blue UAS certification, meaning a fully NDAA-compliant supply chain with no reliance on China. "You can look at our boards, you can look at all of the chips that go onto our boards. Those will not have ever touched China." 𝐓𝐈𝐌𝐄𝐒𝐓𝐀𝐌𝐏𝐒 (00:00) Soren Monroe-Anderson, Co-Founder & CEO at Neros Technologies (01:02) $250M Series C at a $2.5B valuation (03:34) Working with Shawn Maguire (04:25) Inside the Army's $500M drone contract (05:38) How the Ukraine war rewrote modern combat (08:05) The Interceptor drones taking over the battlefield (10:31) How many drones China really makes in a year (12:55) Is it even possible to build a drone without China? (16:09) China is arming both sides of the war (17:08) What actually separates Neros from every other drone company (19:55) The biggest BS claims in defense tech right now (20:51) Why most defense startups never actually deploy? (22:58) Neros’s growth to over 250 employees (24:00) Why defense startups need to screen for spies (25:29) The Talent bottleneck slowing down American manufacturing (26:51) How AI is quietly reshaping engineers (29:43) The biggest myth about re-industrializing America (30:50) Neros's plan to build drones with U.S. allies (32:53) The brutal tradeoff between speed and scale (34:51) Why Neros keeps a permanent office in Ukraine? (35:52) What actually happens on a modern battlefield? (37:41) How Starlink is changing drone warfare (39:14) What happens when a drone loses its signal (40:41) Soren’s learnings from Kelly Johnson
43:56

BREAKING: Neros Raises $250M Series C at $2.5 Billion Valuation FULL INTERVIEW "America should have the capability to have factories that can make millions of drones per year because that's what modern conflict demands." Co-Founder & CEO Soren Monroe-Anderson (Soren Monroe-Anderson) takes us inside the new 250K sq ft Torrance factory. Currently shipping ~1,250 drones a week. Sized for 1 million a year by 2028. Fresh off a $500M Army IDIQ for 100,000s of drones over 5 years This round was led by Shaun Maguire of Sequoia Capital & American Strategic Technology Fund w/ participation from Interlagos, Valor Equity Partners, Allen & Company, Thiel Capital, Spark Capital, & Mantis With this capital Neros Technologies is now going multi-product with: › Archer AI — Autonomous strike drone › Bandit — Counter-drone interceptor › Marksman — Ruggedized operator handset › Useful Autonomy — Framework for evaluating autonomy claims ICYMI: China builds an estimated tens of millions of drones a year & arms both sides in Ukraine. America is way behind, representing just 1% of the world's small drones. Neros was the first FPV maker to win Blue UAS certification, meaning a fully NDAA-compliant supply chain with no reliance on China. "You can look at our boards, you can look at all of the chips that go onto our boards. Those will not have ever touched China." 𝐓𝐈𝐌𝐄𝐒𝐓𝐀𝐌𝐏𝐒 (00:00) Soren Monroe-Anderson, Co-Founder & CEO at Neros Technologies (01:02) $250M Series C at a $2.5B valuation (03:34) Working with Shawn Maguire (04:25) Inside the Army's $500M drone contract (05:38) How the Ukraine war rewrote modern combat (08:05) The Interceptor drones taking over the battlefield (10:31) How many drones China really makes in a year (12:55) Is it even possible to build a drone without China? (16:09) China is arming both sides of the war (17:08) What actually separates Neros from every other drone company (19:55) The biggest BS claims in defense tech right now (20:51) Why most defense startups never actually deploy? (22:58) Neros’s growth to over 250 employees (24:00) Why defense startups need to screen for spies (25:29) The Talent bottleneck slowing down American manufacturing (26:51) How AI is quietly reshaping engineers (29:43) The biggest myth about re-industrializing America (30:50) Neros's plan to build drones with U.S. allies (32:53) The brutal tradeoff between speed and scale (34:51) Why Neros keeps a permanent office in Ukraine? (35:52) What actually happens on a modern battlefield? (37:41) How Starlink is changing drone warfare (39:14) What happens when a drone loses its signal (40:41) Soren’s learnings from Kelly Johnson

Molly O’Shea

349,634 次观看 • 1 个月前

Ring is one of the most underrated consumer hardware products of all time. New The Peel with JamieSiminoff on going from an invention in his garage to a $5B+ revenue run rate inside of Amazon. We talk through building a consumer hardware business from scratch to a 100M+ install base, almost going bankrupt four times, why founders should always go all-in on the next thing, why he came back to lead Ring inside of Amazon, and how AI can make neighborhoods safer. Timestamps: 0:00 Leaving Amazon, coming back with fresh eyes 7:49 Deleting every useless meeting 10:21 Zero-based time budgeting 15:31 Bubble, or the golden age of AI? 19:50 $480M to "well over 10x more" revenue 23:48 Lessons on obsession from MrBeast 30:17 The AI vision for Ring 34:05 The $10k feature he can't ship yet 38:50 Building apps on top of Ring 40:03 Building in his garage, the Kickstarter ban 44:45 The pre-sale, and the fear of getting copied 47:59 How he talked his way onto Shark Tank 49:24 Three dead units backstage 54:04 Threatening Shopify's CEO before air 55:23 The Christmas Ring almost died 58:59 The midnight fix that saved the company 1:01:22 Raising from True Ventures, the "ass hat" email 1:05:04 Hiring gritty "new to business" people 1:07:15 Missionaries, not mercenaries 1:10:13 Building an authentic brand people trust 1:12:49 Buying Ring[dot]com with the last $175k of cash 1:18:11 "We were always on the verge of bankruptcy" 1:19:12 Betting $1M on TV ads when the board said no 1:22:43 Why TV ads actually work 1:25:26 Richard Branson, and doubling mid-raise 1:28:46 Closing Shaq, and authentic celebrity endorsements 1:33:27 Selling to Amazon for $1.15 billion 1:35:16 Being paranoid to lose people's money 1:36:38 Mentors and never meeting your heroes
1:40:13

Ring is one of the most underrated consumer hardware products of all time. New The Peel with JamieSiminoff on going from an invention in his garage to a $5B+ revenue run rate inside of Amazon. We talk through building a consumer hardware business from scratch to a 100M+ install base, almost going bankrupt four times, why founders should always go all-in on the next thing, why he came back to lead Ring inside of Amazon, and how AI can make neighborhoods safer. Timestamps: 0:00 Leaving Amazon, coming back with fresh eyes 7:49 Deleting every useless meeting 10:21 Zero-based time budgeting 15:31 Bubble, or the golden age of AI? 19:50 $480M to "well over 10x more" revenue 23:48 Lessons on obsession from MrBeast 30:17 The AI vision for Ring 34:05 The $10k feature he can't ship yet 38:50 Building apps on top of Ring 40:03 Building in his garage, the Kickstarter ban 44:45 The pre-sale, and the fear of getting copied 47:59 How he talked his way onto Shark Tank 49:24 Three dead units backstage 54:04 Threatening Shopify's CEO before air 55:23 The Christmas Ring almost died 58:59 The midnight fix that saved the company 1:01:22 Raising from True Ventures, the "ass hat" email 1:05:04 Hiring gritty "new to business" people 1:07:15 Missionaries, not mercenaries 1:10:13 Building an authentic brand people trust 1:12:49 Buying Ring[dot]com with the last $175k of cash 1:18:11 "We were always on the verge of bankruptcy" 1:19:12 Betting $1M on TV ads when the board said no 1:22:43 Why TV ads actually work 1:25:26 Richard Branson, and doubling mid-raise 1:28:46 Closing Shaq, and authentic celebrity endorsements 1:33:27 Selling to Amazon for $1.15 billion 1:35:16 Being paranoid to lose people's money 1:36:38 Mentors and never meeting your heroes

Turner Novak 🍌🧢

35,784 次观看 • 3 天前

NEW: The AI Data Center "Boom" is Kinda Fake.. But the power bottleneck is still very real. Inside the energy company using rocks & sunlight to fix AI’s power problem right now.. not in 10 years: Exowatt Most "announced" data centers will never get built (ahem, Stargate). The ones that do? Running on gas generators. And the U.S. grid has no answer for what’s coming. Hannan Happi, CEO & Co-Founder of Exowatt, joins Sourcery for a rare facility tour of their 40,000 sqft Miami HQ — walking us through the tech, the team, & why the AI power crisis is far worse than the headlines suggest. Exowatt has raised $140M from a16z, Atomic, Felicis, Sam Altman, Leonardo DiCaprio, Starwood Capital, Thrive Capital, & more, all betting on a deceptively simple idea: concentrate sunlight with Fresnel lenses, store the heat in rocks at 1,000°C, and dispatch electricity on demand. 24 hours a day, no grid required. Their P3 system is built from sand, dirt, and steel. Like a large magnified glass and a rock. No lithium. No cobalt. No China. Target cost: 1 cent per kilowatt hour. In this episode: → Why most announced data centers are phantom projects → The real bottleneck that replaced GPUs: skilled labor → How a 200-year-old engine is at the heart of their stack → What hyperscalers actually say about sustainability (it's not pretty) → Lessons from Tesla on iteration, modularity & vertical integration → Why Miami — and why now With a 90+ GWh demand backlog and commercial deployments live in 2025, this might be one of the most important energy companies emerging in the AI era. Founded in 2023 by Hannan Happi & Atomic CEO Jack Abraham, Exowatt's mission is to make sustainable renewable energy always available and almost free. 𝐓𝐈𝐌𝐄𝐒𝐓𝐀𝐌𝐏𝐒 (00:00) What is Exowatt? The solar backbone for AI data centers (01:30) Why the US grid simply cannot handle what's coming (02:00) Tour begins: Welcome to Lighthouse Miami — 40,000 sq ft facility (02:45) The P3 explained: three elements, one shipping container (04:00) The founding story: Atomic venture studio and the modular hypothesis (05:30) Why solar thermal hasn't followed solar PV's 99.6% cost decline — until now (07:00) North star: 1 cent per kilowatt hour and where they are today (11:00) Inside the world's largest solar simulator — the sun, indoors (13:00) The Fresnel lens up close: a giant magnifying glass for the sun (15:00) "It's rock science" — the 5-year-old explanation of how it works (17:30) Domestic raw materials (sand, dirt, steel) as the real competitive moat (24:30) The phantom data center problem: most announcements won't get built (26:00) From 100 MW to 10 GW: how data center scale exploded in 3 years (30:00) Funding breakdown: $140M, a16z, Felicis, Sam Altman, Leonardo DiCaprio (37:00) Lessons from Tesla: remove parts, iterate fast, build better
40:11

NEW: The AI Data Center "Boom" is Kinda Fake.. But the power bottleneck is still very real. Inside the energy company using rocks & sunlight to fix AI’s power problem right now.. not in 10 years: Exowatt Most "announced" data centers will never get built (ahem, Stargate). The ones that do? Running on gas generators. And the U.S. grid has no answer for what’s coming. Hannan Happi, CEO & Co-Founder of Exowatt, joins Sourcery for a rare facility tour of their 40,000 sqft Miami HQ — walking us through the tech, the team, & why the AI power crisis is far worse than the headlines suggest. Exowatt has raised $140M from a16z, Atomic, Felicis, Sam Altman, Leonardo DiCaprio, Starwood Capital, Thrive Capital, & more, all betting on a deceptively simple idea: concentrate sunlight with Fresnel lenses, store the heat in rocks at 1,000°C, and dispatch electricity on demand. 24 hours a day, no grid required. Their P3 system is built from sand, dirt, and steel. Like a large magnified glass and a rock. No lithium. No cobalt. No China. Target cost: 1 cent per kilowatt hour. In this episode: → Why most announced data centers are phantom projects → The real bottleneck that replaced GPUs: skilled labor → How a 200-year-old engine is at the heart of their stack → What hyperscalers actually say about sustainability (it's not pretty) → Lessons from Tesla on iteration, modularity & vertical integration → Why Miami — and why now With a 90+ GWh demand backlog and commercial deployments live in 2025, this might be one of the most important energy companies emerging in the AI era. Founded in 2023 by Hannan Happi & Atomic CEO Jack Abraham, Exowatt's mission is to make sustainable renewable energy always available and almost free. 𝐓𝐈𝐌𝐄𝐒𝐓𝐀𝐌𝐏𝐒 (00:00) What is Exowatt? The solar backbone for AI data centers (01:30) Why the US grid simply cannot handle what's coming (02:00) Tour begins: Welcome to Lighthouse Miami — 40,000 sq ft facility (02:45) The P3 explained: three elements, one shipping container (04:00) The founding story: Atomic venture studio and the modular hypothesis (05:30) Why solar thermal hasn't followed solar PV's 99.6% cost decline — until now (07:00) North star: 1 cent per kilowatt hour and where they are today (11:00) Inside the world's largest solar simulator — the sun, indoors (13:00) The Fresnel lens up close: a giant magnifying glass for the sun (15:00) "It's rock science" — the 5-year-old explanation of how it works (17:30) Domestic raw materials (sand, dirt, steel) as the real competitive moat (24:30) The phantom data center problem: most announcements won't get built (26:00) From 100 MW to 10 GW: how data center scale exploded in 3 years (30:00) Funding breakdown: $140M, a16z, Felicis, Sam Altman, Leonardo DiCaprio (37:00) Lessons from Tesla: remove parts, iterate fast, build better

Molly O’Shea

148,851 次观看 • 5 个月前

$FLNC Batteries, Energy Storage 3.8B Market cap My take: A spicy shorter-term "battery meta" play with a potential long-term "Amazon" thesis. $FLNC is in a capital-intensive expansion phase with thin margins generating billions in revenue but very little in net profit Key: This is a capital-intensive INTEGRATOR, not a battery manufacturer. They don't make lithium-ion batteries but rather procure them (roughly 50% from China and more recently aiming for 50% from USA). They provide large grid-scale battery integration into power systems with roles in: 🔹Advisory, procurement, & build-outs. 🔹AI driven battery fleet management software 🔹Long-term servicing ------------------------- THE "SCALE" Global Scale: Operates in 40+ markets with one of the largest deployed fleets of energy storage projects in the world. Credibility and Reach: Formed as a joint venture between Siemens (an industrial manufacturing giant) and AES (a global utility and power generator) with massive industry backing. Massive Backlog: As of their last report, their backlog was already enormous at ~$4.9 billion. They signed an additional ~$1.1 billion in new contracts after this last quarter ended (including two massive projects in Australia) Major Wins: They can operate at scale and were also just awarded Europe's largest ever BESS project (a massive 4 GWh system in Germany). ------------------------- THE "PROFIT PROBLEM" Wafer-Thin Margins: Out of $602.5 million of revenue in Q3 FY2025, their net income was just $6.9M (a ~1.1% net profit margin). (That 14% number you see is their GAAP Gross Margin, which is already thin, but I'd argue the net profit is the current story and why a company doing $2.6B in revenue is valued at $3.8B). Weak Guidance: FY2025 Adj. EBITDA guidance is just $0 to $20M despite forecasting over $2.6B in revenue. Trade Policy Risk: Highly exposed to US-China trade policy, which has weighed on profits. Roughly half of their battery cells come from China which hurts their tax credits. For these reasons they are strategically increasing their US sourcing now with a supply agreement with AESC for U.S. manufactured battery cells, primarily from AESC's facility in Tennessee. "Strong-ish" Growth: Revenue was up 24.7% YoY. This is good, but not explosive given the market's potential, and it's clearly not translating to the bottom line yet. For these reasons this is currently a smaller short term battery meta play for me that has shown very strong recent stock technical performance despite the significant broader market weakness. When institutions want a "cheap" de-risked pure battery play, I think they will reach for $FLNC. The long term potential case is that the story here is the classic "Amazon" model: Is $FLNC a company that's just in a capital-intensive expansion phase, or is it a low-margin business forever? For years, $AMZN wasn't highly profitable "on paper" as virtually all resources were spent on massive scaling. When the profit switch flipped, the stock exploded. $FLNC is in a similar "scale-at-all-costs" phase with the potential that servicing and software will be the future AWS higher margin story. Their pivot to US sourcing isn't just about "surviving" trade policy; it's about building a protected, high-growth, and potentially higher-margin business in the U.S. September 2025 saw their first shipment of U.S. domestic-content BESS systems. Depending on how this capital-intensive phase goes, they could evolve into a long-term play for me. If they survive the cash burn, scale successfully, and flip that profit switch, the "Amazon of batteries" thesis could play out. Relevance: $TSLA $EOSE $BE $GEV $STEM $ENS $GWH $ENS $TE $FSLR
3:10

$FLNC Batteries, Energy Storage 3.8B Market cap My take: A spicy shorter-term "battery meta" play with a potential long-term "Amazon" thesis. $FLNC is in a capital-intensive expansion phase with thin margins generating billions in revenue but very little in net profit Key: This is a capital-intensive INTEGRATOR, not a battery manufacturer. They don't make lithium-ion batteries but rather procure them (roughly 50% from China and more recently aiming for 50% from USA). They provide large grid-scale battery integration into power systems with roles in: 🔹Advisory, procurement, & build-outs. 🔹AI driven battery fleet management software 🔹Long-term servicing ------------------------- THE "SCALE" Global Scale: Operates in 40+ markets with one of the largest deployed fleets of energy storage projects in the world. Credibility and Reach: Formed as a joint venture between Siemens (an industrial manufacturing giant) and AES (a global utility and power generator) with massive industry backing. Massive Backlog: As of their last report, their backlog was already enormous at ~$4.9 billion. They signed an additional ~$1.1 billion in new contracts after this last quarter ended (including two massive projects in Australia) Major Wins: They can operate at scale and were also just awarded Europe's largest ever BESS project (a massive 4 GWh system in Germany). ------------------------- THE "PROFIT PROBLEM" Wafer-Thin Margins: Out of $602.5 million of revenue in Q3 FY2025, their net income was just $6.9M (a ~1.1% net profit margin). (That 14% number you see is their GAAP Gross Margin, which is already thin, but I'd argue the net profit is the current story and why a company doing $2.6B in revenue is valued at $3.8B). Weak Guidance: FY2025 Adj. EBITDA guidance is just $0 to $20M despite forecasting over $2.6B in revenue. Trade Policy Risk: Highly exposed to US-China trade policy, which has weighed on profits. Roughly half of their battery cells come from China which hurts their tax credits. For these reasons they are strategically increasing their US sourcing now with a supply agreement with AESC for U.S. manufactured battery cells, primarily from AESC's facility in Tennessee. "Strong-ish" Growth: Revenue was up 24.7% YoY. This is good, but not explosive given the market's potential, and it's clearly not translating to the bottom line yet. For these reasons this is currently a smaller short term battery meta play for me that has shown very strong recent stock technical performance despite the significant broader market weakness. When institutions want a "cheap" de-risked pure battery play, I think they will reach for $FLNC. The long term potential case is that the story here is the classic "Amazon" model: Is $FLNC a company that's just in a capital-intensive expansion phase, or is it a low-margin business forever? For years, $AMZN wasn't highly profitable "on paper" as virtually all resources were spent on massive scaling. When the profit switch flipped, the stock exploded. $FLNC is in a similar "scale-at-all-costs" phase with the potential that servicing and software will be the future AWS higher margin story. Their pivot to US sourcing isn't just about "surviving" trade policy; it's about building a protected, high-growth, and potentially higher-margin business in the U.S. September 2025 saw their first shipment of U.S. domestic-content BESS systems. Depending on how this capital-intensive phase goes, they could evolve into a long-term play for me. If they survive the cash burn, scale successfully, and flip that profit switch, the "Amazon of batteries" thesis could play out. Relevance: $TSLA $EOSE $BE $GEV $STEM $ENS $GWH $ENS $TE $FSLR

YeahDave

27,279 次观看 • 10 个月前