{"type":"rich","version":"1.0","provider_name":"Transistor","provider_url":"https://transistor.fm","author_name":"Crazy Wisdom","title":"Deep Tech Renaissance: John Lee on Emerging Technologies and Capital Allocation","html":"","width":"100%","height":180,"duration":2996,"description":"Introduction:\n John Lee is an early-stage investor focusing on deep tech, enterprise software, cybersecurity, AI/ML, and automation.\nWhat is Deep Tech?\n Deep tech companies are similar to biotech companies in terms of capital structure.\nUnlike traditional tech startups, they have a longer incubation period to accrue value.\nCapital Allocation and Business Models\n Scarcity of capital drives better business models.\nInteresting hybrid models exist that are designed to develop revenue in the near term.\nExamples from the Portfolio\n Rare Base: Focuses on finding cures for rare diseases by characterizing cells and testing drugs on them. Sells IP assets as a novel business idea.\nCount: Aims to make accounting firms more efficient by acquiring existing firms and implementing AI techniques.\nInnovation in Deep Tech\n Despite a renaissance in funding, deep tech has not yet penetrated the lives of ordinary consumers.\nThe scarcity of capital is forcing companies to be more creative in their go-to-market strategies.\nNotable Geographical Clusters\n San Francisco and Boston are significant clusters for deep tech companies.\nArtificial Intelligence and Large Language Models (LLMs)\n LLMs are seen as collections of human intelligence trained on internet content.\nEmergent properties arise from the crosstalk across different nodes in LLMs.\nFuture of LLMs\n Doubts exist about the ability of current models to scale.\nOpenAI aims to develop models with 100 trillion parameters, although the feasibility of this is debated.\nThe Intersection of Science and Deep Tech\n Science is transitioning from an \"artisanal\" practice to an engineering discipline.\nApplication Areas\n Reproductive Innovations: Research is being conducted on how to effectively assist couples in having children later in life.\nEnergy: A debate exists over the effectiveness of fusion vs fission in energy production.\nBusiness Model Concerns\n Long regulatory approval times are a challenge.\nJazz Venture Partners focuses on the...","thumbnail_url":"https://img.transistorcdn.com/UZbrDrlO5VTfDNcq188THwbv0T09vcmLyzx3BcPI9bs/rs:fill:0:0:1/w:400/h:400/q:60/mb:500000/aHR0cHM6Ly9pbWct/dXBsb2FkLXByb2R1/Y3Rpb24udHJhbnNp/c3Rvci5mbS81Y2Rj/OGFiMTYyMGFkNTM5/N2NjOWI2MWM5YzQ1/YTc2Ny5qcGc.webp","thumbnail_width":300,"thumbnail_height":300}