The new normal has been that a company with five or seven or eight or sub ten million a rr annual recurring revenue is getting a billion dollar valuation. And it's just the stories that people have told an the pretcels that they've twisted themselves to justify these prices, is really just insane. So i think what happens is l ps who have got n access to some amazing g ps that they never could get access to before will be faced with a very hard decision. Do we say no when we've been trying to get in? If we do say no, there is a line of 10, 12 other l ps that will jump and take our place.
Josh Wolfe is the Co-Founder and Managing Partner of Lux Capital, a $4 billion venture capital firm that invests in solutions to the most vexing puzzles of our time. Josh described his background and Lux’s approach back in 2018 on the show and that conversation is replayed in the feed. This time around, we dive into Josh’s cautious perspective on the venture landscape and how it impacts Lux’s investment process. We then turn to updates on companies we last discussed and a handful of “directional arrows of progress,” including smell, deception and detection, the tech of science, infrastructure for the metaverse, crypto, elemental power, space, and Africa.
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