The Future of Venture Capital

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Varda is developing a superconductor that could be used for medical imaging. The technology would allow people to have an MRI in their sleep and then send it home with them every night. Varda's co-founder, Steve Jervison, says venture capital isn't the right approach at this time. But he thinks there are opportunities if companies like SpaceX can get on board soon.

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Today’s show:

Varda CEO Delian Asparouhov and R&D head Andrew McCalip join Jason to break down their recent experiment in replicating the LK-99 room-temp superconductor (4:19), the current state of material science (18;52), what the world would look like if this works (26:34), and more. Then, Krepling’s Liam Gerada joins Jason for an update on his business! (40:46)

Time stamps:

(00:00) Varda CEO Delian Asparouhov and R&D head Andrew McCalip join Jason

(1:21) The LK-99 superconductor and how Varda is involved

(4:19) Varda’s latest achievements in replicating the LK-99 superconductor

(8:05) Is this the real deal or just a strong diamagnetic effect

(11:00) OpenPhone - Get 20% off your first six months at https://openphone.com/twist

(12:30) Securing the material needed to run these experiments

(14:06) The increased interest in Varda and feedback from the community

(18:52) The culture shift in the tech industry

(25:06) Crowdbotics - Get a free scoping session for your next big app idea at crowdbotics.com/twist

(26:34) Brute force science: How innovation emerges and receives funding

(30:17) How the venture model has continued to evolve