Cantos founder and managing partner ian explains why a technological breakthrough does not automatically justify a massive valuation. “What happens if you have two fusion energy companies succeed? … Why are you both going to be worth $10 trillion? You’re going to be in a price war, potentially.”

Watch the full episode here.

@IanRountree You meet in the middle. You NEVER let a prove war ensue. Lore to grok Elon and Peter Thiel meeting in the middle.

@IanRountree moats win

@IanRountree Ian explaining why two fusion companies fighting over a ten trillion dollar pie is the ultimate high class problem.

@IanRountree "Yup, that's the beauty of a breakthrough solution like Cantos - it solves real problems and has staying power, unlike hyped-up flash-in-the-pan ideas!".

@IanRountree Fusion success is great for humanity, not automatically for shareholders

@IanRountree Breakthrough risk and value capture are separate. Once two teams can supply the same outcome, capex intensity, pricing power, and deployment speed matter more than scientific novelty. The best hard-tech underwriting starts with the post-breakthrough market structure.

@IanRountree @IanRountree đang nói về fusion energy, nhưng logic này áp dụng thế nào cho các L1/L2 đang cạnh tranh phí gas về 0?

@IanRountree Ian bringing logic to fusion valuation while the market still prices in infinite sunshine.

@IanRountree price wars are a real thing damn. this is exactly what happens when everyone thinks their tech is a unicorn but forgets the market has limits. fusion companies figuring this out fast.

@IanRountree A breakthrough can create enormous value without guaranteeing one company captures it. Diligence starts with competition, defensibility, capital intensity and who owns the bottleneck.

@IanRountree How do you price the market before there's a winner? 📉