Lukx: Facebook made an initial entreaty. We rejected it. They effectively nearly tripled eir offer. It became more financially attractive. And i realized was that this was life changing money, and the person was gong to make 95 or undred milion dollars personally. If we had put a few million dollars in that founder's pocket early on, the ability to stay the course would have been way higher. The interesting thhing about facebook is, facebook had a very deep motivation to not be beholden to google or apple so that they could access you, or you could access the internet. To day, if you access facebook, you have to pick up an apple
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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