"okay let's uh let's get going so uh thank you everybody for coming to our next virtual speaker series at the mit vcp club we have josh wolfe uh co-founder and managing partner at uh at lux capital in ..."

"my own background is a hybrid of science and finance so i've always been obsessed with the endless frontier which is what science is the ability to you know find people who are quite literally inventi..."

"society, because, i, think, it's, one, of the great drivers of progress so i like um you know finding out liar rebels and um outlier rebels who have a technical background the firm itself was formed a..."

"everything from biotech to healthcare i.t to robotic surgery and med devices another third is in energy and materials uh often breakthroughs that were premised on some something in physics chemistry o..."

"2.4 billion under management handful of funds uh new york and menlo park headquartered and, we're, having, a lot, of, fun awesome i appreciate you hearing more background on the firm uh but would be g..."

"um i had a proclivity for science and sort of uh longing for anybody that was developing really futuristic crazy stuff part of that was probably psychologically you know me pining towards a better fut..."

"science talent search which um i don't know who sponsors it now it's gone on you know intel siemens a variety of other companies usually whoever sponsoring it often pretends their imminent decline but..."

"and um he is um just incredible sense of ethics and integrity and reputation so we've sort of always carried this mindset of what would bill do as we made you know really consequential and compounding..."

"uh just really the life cycle of the investment yeah so part of that was born uh in a people driven investment and part of it was during the thesis driven investment the people happened to be an engin..."

"um but the the other piece of this which was very um satisfying was the science fiction element, and, one, of the, things, that, we hold here is that the gap between sci-fi and sci-fact keeps shrinkin..."

"incredible team that had technology that nobody else had and frankly the timing where you know you really had two players in the industry um and a bunch of other players that were competing and pining..."

"investors yeah i mean really really great to hear and and, obviously you know you see it and it looks like the future and uh and it just keeps coming closer and closer to reality um you know for us as..."

"whatever it is um you know just sort of staying close to that cohort um the second thing is figuring out the pi's the principal investigators who are commercially minded so you know the mit in particu..."

"um when that happened i think the ability for uh reducing friction in somebody like bob to create a lot of companies would end up doing two things that would attract uh capital like us um you know pol..."

"learned from my late partner larry bach um it used to be that like something would get invented and the flow of information would generally accrue to one inventor even though the same thing might be d..."

"piece of work that you know investors would find really valuable in pre-packaging a company yeah appreciate appreciate the response um we are going to open up to to questions so what would be easiest ..."

"from private equity background i personally i'm interested in inve you know sort of transitioning to early stage healthcare investing in particular and i look at kind of the funding dynamics today and..."

"that came out of voraciously reading and understanding what everybody else was doing, and, then, trying, to find, like what's the white space that nobody else is doing so in this moment there is an ab..."

"and i would you know be looking uh you know creating new companies with you know really singular uh scientists or or you know subsectors thank you great let's let's jump over to alex hey josh um so ac..."

"powerful skill thank you josh i'm just kidding i won't use your name uh okay uh raquel so thank you for having the time to talk to us um so i'm a from from a family of 15 physics phd so i kind of grew..."

"but they also didn't want their competitors to own it so that's you know sort of how i would reconcile the time frames from a technology to really get out into the world mindful that what we're really..."

"in gaming you know you see um online advertisements now for um oculus quest where you know it's uh goggles and uh two handheld devices so that you can navigate over time those handheld devices will li..."

"yeah that makes a lot of sense and amazon obviously something really well with alexa but i remember reading reports around them creating a phone so you know if you can't get hardware in one one area t..."

"arguably their cost capital is lower and everything depends on cash so um now i put way more primacy on a team that can sell it's hard when we're making investments at the moment of inception or conce..."

"met people like that where you're just like oh my god like this woman this guy are just amazing and um those people by definition are rare there's, a lot, of, people, that, fake, it um and you can usu..."

"for the time uh i know we have two more questions here so one from rez and then the last one will be from diego hey josh thanks for coming here with us today i actually want to ask you a question abou..."

"are more forward thinking tend to have younger chief data officers or chief data scientists or data scientists um that are ushering in you know the cooler stuff they're more familiar with and so that'..."

"think that there's value there interesting great so thanks josh for your time i was wondering like what's your view on them on every emerging markets in specific so i have like seen all the all the co..."

"long-family-owned businesses um there's a conservatism that creeps in uh they might have dominant market share they might have sort of a you know tacit oligopoly between different players and so it ob..."

"to consumers are you selling to some you know larger segment of an industry and that's you know case-by-case basis nice thank you very much thank you i um i see there's one more hand so so perhaps we ..."

"and all these clinical trial sites were shut down they just went gangbusters like like just parabolic and um and that was a really interesting phenomenon because it was a exogenous shock that catalyze..."

"showings so those are sort of uh a few interesting ones one piece of unsolicited advice particularly if you're in robotics and machine vision it's still early and there's huge market risk but i haven'..."

"robotics thank you appreciate it great well thank you to everybody who asked questions and and josh really appreciate your time here uh you know for people in the club that are interested in starting ..."