We're in the midst of an AI mania of sorts. In public markets, investors are placing bets on the companies perceived as being the winners of this new wave of computing. Companies that aren't even in "tech" are touting their AI bonafides. And of course, in private markets, every venture capitalist suddenly seems to be pivoting to AI in some way or another. But who will actually win? Will it be the big incumbents? Can those incumbents be disrupted? Will it be the companies who have access to unique datasets? Or will it be whoever has the most computing power? On this episode, we speak with Josh Wolfe, co-founder of Lux Capital, who has been investing in the space for several years, long before it was trendy. He talks about where he's placing his bets and how he's thinking about identifying winners.See omnystudio.com/listener for privacy information.

Venture capitalist Josh Wolfe discusses the future of robotics post-ChatGPT, highlighting the potential in robotics, biotech, and maintenance. He predicts a revolutionary moment in robotics akin to the chatbot breakthrough. The conversation explores the challenges and opportunities in the robotics industry, emphasizing the need for specialized expertise and innovative solutions in this rapidly evolving field.

Josh Wolfe, co-founder of Lux Capital discusses how to unearth the unexplored ideas that will reshape our future. We also talk about parenting, decision-making, and which generation has the best rap.   Go Premium: Members get early access, ad-free episodes, hand-edited transcripts, searchable transcripts, member-only episodes, and more. Sign up at: https://fs.blog/membership/   Every Sunday our newsletter shares timeless insights and ideas that you can use at work and home. Add it to your inbox: https://fs.blog/newsletter/   Follow Shane on Twitter at: https://twitter.com/ShaneAParrish  

Josh Wolfe, Co-Founder of Lux Capital and a visionary in venture capital, dives into a whirlwind of topics. He discusses the necessity of monitoring news to spot hidden market opportunities and explores the delicate balance between investment risks and innovation. Josh sheds light on the geopolitical tensions surrounding Iran, societal happiness, and the future of AI technology. He also delves into ethical considerations in defense investments and the crucial role of storytelling in shaping investment narratives and building trust.

Josh Wolfe, Lux Capital co-founder, discusses bullish sectors like aerospace and AI. He shares insights on future investments, Canva use, and major tech companies. Also, explores masculinity and male mentorship with a focus on societal impact.

My guests today are Josh Wolfe and Chris Power. Josh will be a familiar voice to many of you and is the co-founder and General Partner of Lux Capital. Chris is the founder and CEO of advanced manufacturing start-up, Hadrian. Most of our discussion centers on the need to modernize the factories that supply our space and defense industries. But given the current market environment, we also talk about capital conditions and the responsibility to build products that really matter. Please enjoy this conversation with Josh Wolfe and Chris Power. For the full show notes, transcript, and links to mentioned content, check out the episode page here. ----- This episode is brought to you by Tegus. Tegus streamlines the investment research process so you can get up to speed and find answers to critical questions on companies faster and more efficiently. The Tegus platform surfaces the hard-to-get qualitative insights, gives instant access to critical public financial data through BamSEC, and helps you set up customized expert calls. It’s all done on a single, modern SaaS platform that offers 360-degree insight into any public or private company. As a listener, you can take Tegus for a free test drive by visiting tegus.co/patrick. And until 2023 every Tegus license comes with complimentary access to BamSec by Tegus. ----- Today's episode is brought to you by Brex, the integrated financial platform trusted by the world's most innovative entrepreneurs and fastest-growing companies. With Brex, you can move money fast for instant impact with high-limit corporate cards, payments, venture debt, and spend management software all in one place. Ready to accelerate your business? Learn more at brex.com/best. ----- Invest Like the Best is a property of Colossus, LLC. For more episodes of Invest Like the Best, visit joincolossus.com/episodes.  Past guests include Tobi Lutke, Kevin Systrom, Mike Krieger, John Collison, Kat Cole, Marc Andreessen, Matthew Ball, Bill Gurley, Anu Hariharan, Ben Thompson, and many more. Stay up to date on all our podcasts by signing up to Colossus Weekly, our quick dive every Sunday highlighting the top business and investing concepts from our podcasts and the best of what we read that week. Sign up here. Follow us on Twitter: @patrick_oshag | @JoinColossus Show Notes[00:02:40] - [First question] - An overview of the precision manufacturing industry writ large[00:08:28] - Why the manufacturing sector has so many great investment opportunities[00:12:58] - Anduril Breakdown; What Hadrian in its final form will unlock for manufacturing[00:16:08] - What the demand side looks like for manufacturers in its current state today [00:18:29] - How the nature of demand will shift for this style of manufacturing in the future[00:22:51] - Important rare earth materials, supply chain constraints, and the revival of commodities [00:27:55] - The key set of jobs being done by mom and pop shops that could be innovated on and done within a Hadrian factory [00:30:35] - What is going on inside of a Hadrian factory and how they will evolve over time [00:32:10] - Prosecuting diligence on someone's ability to execute on their behalf[00:37:14] - The PhD arrogance trap and how a Hadrian machine will be better in five years from now[00:48:08] - Breadth of ability versus focus and selling parts to buyers early on[00:50:42] - Lessons learned and advice for understanding the focus problem [00:56:39] - Fat startup vs. lean startups and making the hardest irreversible decision during Hadrian’s early days[00:58:31] - Enduring more schlep work than less being a good signal[00:59:06] - Chris’ thoughts on the future of Hadrian and defining the exciting and scary edges of the spectrum of outcomes[01:03:36] - Josh’s thoughts on the future of Hadrian and defining the exciting and scary edges of the spectrum of outcomes[01:07:22] - The kindest thing anyone has ever done for Chris

Josh Wolfe, co-founder of Lux Capital, dives deep into historical lessons from Greek mythology to shed light on investment strategies in tech. He discusses how innovations can amplify human potential but often remain untapped due to systemic constraints. Wolfe emphasizes four strategic focuses for unlocking innovation. He also warns about the risks of hubris in the face of AI's energy demands and the potential emergence of decentralized computing. Alongside, he explores the concept of 'fixedware' for maintaining existing tech, highlighting a shift in investment priorities.

Josh Wolfe co-founded Lux Capital to support scientists and entrepreneurs who pursue counter-conventional solutions to the most vexing puzzles of our time in order to lead us into a brighter future. The more ambitious the project, the better—like, say, creating matter from light. Wolfe is a director at Shapeways, Strateos, Lux Research, Kallyope, CTRL-labs, Variant, and Varda, and helped lead Lux Capital’s investments in Anduril, Planet, Echodyne, Clarifai, Authorea, Resilience, and Hadrian. He is a founding investor and board member with Bill Gates in Kymeta, which makes cutting-edge antennas for high-speed global satellite and space communications. In this presentation, Wolfe shares the principles that guide his entrepreneurship and investments, giving examples from companies he has founded and funded.—-----------------------------------Stanford eCorner content is produced by the Stanford Technology Ventures Program. At STVP, we empower aspiring entrepreneurs to become global citizens who create and scale responsible innovations.CONNECT WITH USTwitter: https://twitter.com/ECorner LinkedIn: https://www.linkedin.com/company/stanfordtechnologyventuresprogram/ Facebook: https://www.facebook.com/StanfordTechnologyVenturesProgram/ YouTube: https://www.youtube.com/user/ecorner LEARN MOREeCorner Website: https://ecorner.stanford.edu/STVP Website: https://stvp.stanford.edu/Support our mission of providing students and educators around the world with free access to Stanford University’s network of entrepreneurial thought leaders: https://ecorner.stanford.edu/give.

In Episode 308 of Hidden Forces, Demetri Kofinas speaks with Josh Wolfe, co-founder and managing partner at Lux Capital about the state of venture investing and how venture capital is disrupting the battlefield and changing the nature of warfare. Josh and Demetri spend the first hour of their conversation discussing the rise of narrative warfare and how social media, synthetic media, and historically high levels of public distrust in government and mainstream media institutions have made the problem worse. They discuss potential solutions to this problem and what individuals can do to become more discerning consumers of information and better at identifying misleading narratives. In the second hour, Demetri and Josh discuss the state of venture capital investing, the opportunities, challenges, and risks posed by artificial intelligence, and how the venture community and the portfolio companies of firms like Lux Capital are disrupting the defense industry. This includes a detailed discussion about the future of warfare, automation on the battlefield, the role of artificial intelligence in military planning, the geostrategic competition with China, the militarization of space, and much more. You can subscribe to our premium content and gain access to our premium feed, episode transcripts, and Intelligence Reports (or Key Takeaways) at HiddenForces.io/subscribe. If you want to join in on the conversation and become a member of the Hidden Forces genius community, which includes Q&A calls with guests, access to special research and analysis, in-person events, and dinners, you can also do that on our subscriber page. If you still have questions, feel free to email info@hiddenforces.io, and Demetri or someone else from our team will get right back to you. If you enjoyed listening to today’s episode of Hidden Forces you can help support the show by doing the following: Subscribe on Apple Podcasts | YouTube | Spotify | Stitcher | SoundCloud | CastBox | RSS Feed Write us a review on Apple Podcasts & Spotify Subscribe to our mailing list at https://hiddenforces.io/newsletter/ Producer & Host: Demetri Kofinas Editor & Engineer: Stylianos Nicolaou Subscribe & Support the Podcast at https://hiddenforces.io Join the conversation on Facebook, Instagram, and Twitter at @hiddenforcespod Follow Demetri on Twitter at @Kofinas Episode Recorded on 04/11/2023

IN THIS EPISODE, YOU’LL LEARN: 03:40 - Why Josh believes we are at an Entropic Apex in the current markets. 06:14 - His beliefs around peace through strength and why he backed billionaire Palmer Luckey’s new defense startup, Andruil.  27:06 - Why Stan Druckenmiller invested in Lux early on, alongside Bill Conway, the billionaire co-founder of the Carlyle Group. 41:38 - Josh’s belief that we should rebrand sustainable energy to Elemental Power and include nuclear. 54:58 - Josh’s entrepreneurial endeavors, such as founding Kurion with $1.5M and selling it for over $100M Bitcoin. 59:28 - Josh’s previous criticisms of Elon Musk and his Twitter deal as well as Ray Dalio, who had retired on the day of this recording. 1:05:02 - His pursuit of digitizing scents. And much, much more! Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members. Lux Capital Website. Josh Wolfe's Twitter. Trey Lockerbie's Twitter. Related Episode: The Real Life Tony Stark W/ Josh Wolfe - TIP399. SPONSORSSupport our free podcast by supporting our sponsors: River Toyota Range Rover SimpleMining TastyTrade Daloopa American Express The Bitcoin Way Fundrise USPS Found Onramp Facet Public Shopify Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fmSupport our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fmSupport our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fmSupport our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fmSupport our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fmSupport our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fmSupport our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fmSupport our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fmSupport our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fmSupport our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fmSupport our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fmSupport our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fmSupport our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fmSupport our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fmSupport our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fmSupport our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fmSupport our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fmSupport our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fmSupport our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fmSupport our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fmSupport our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fmSupport our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fmSupport our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fmSupport our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fmSupport our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Learn more about your ad choices. Visit megaphone.fm/adchoicesSupport our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm