#068 Behind the Scenes of a Nuclear Microreactor Startup with Matt Loszak, Founder CEO of Aalo Atomics
Smart Friends
Introduction
In this chapter, the host interviews Matt Loszak, founder of Aalo Atomics, about their mission to develop affordable and sustainable microreactors for energy production. They delve into the benefits of nuclear energy and the host's investment in Aalo.
Links for Matt’s stuff:
Link to invest alongside Eric in deals like Aalo: rolling.fun
Links to stuff mentioned:
Atomic Awakening by James Mahaffey
Why Nuclear Power Has Been a Flop by Jack Devanney
Topics:
(00:03:08) How the popular opinion of nuclear has changed from the 1950’s
(00:15:16) The regulation issues surrounding nuclear
(00:17:20) Water-based nuclear reactors vs. advanced nuclear reactors
(00:19:40) Matt’s journey into nuclear energy
(00:34:42) Aalo’s strategy
(00:41:12) What is the TAM for this nuclear microreactors?
(00:45:53) The manufacturing process for a nuclear plant
(00:48:51) The nuclear supply chain
(00:50:01) The change in public opinion on nuclear energy
(00:55:56) Support for nuclear energy in the VC world
(01:01:12) Recommendations for learning more about the sustainable energy industry
(01:03:30) What do you look for when hiring?
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Important quotes from Naval on building wealth and the difference between wealth and money:
How to get rich without getting lucky. - Naval Ravikant
Making money is not a thing you do—it’s a skill you learn. - Naval Ravikant
Seek wealth, not money or status. - Naval Ravikant
Wealth is having assets that earn while you sleep. - Naval Ravikant
Money is how we transfer time and wealth. - Naval Ravikant
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Important quotes from the podcast by Naval on Leverage:
“Give me a lever long enough and a place to stand, and I will move the earth.”
—Archimedes
To get rich, you need leverage. Leverage comes in labor, comes in capital, or it can come through code or media. But most of these, like labor and capital, people have to give to you. For labor, somebody has to follow you. For capital, somebody has to give you money, assets to manage, or machines. - Naval Ravikant
Capital and labor are permissioned leverage. Everyone is chasing capital, but someone has to give it to you. Everyone is trying to lead, but someone has to follow you. - Naval Ravikant
Code and media are permissionless leverage. They’re the leverage behind the newly rich. You can create software and media that works for you while you sleep. - Naval Ravikant
If you can’t code, write books and blogs, record videos and podcasts. - Naval Ravikant
Leverage is a force multiplier for your judgment. - Naval Ravikant
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Important Quotes from the podcast on Business and Entrepreneurship
There is no skill called “business.” Avoid business magazines and business classes. - Naval Ravikant
You have to work up to the point where you can own equity in a business. You could own equity as a small shareholder where you bought stock. You could also own it as an owner where you started the company. Ownership is really important.
Everybody who really makes money at some point owns a piece of a product, a business, or some IP. That can be through stock options if you work at a tech company. That’s a fine way to start.
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