← Home
The All-In Podcast #175 · April 12, 2024 · 90m
Deep Tech Revival, Defense Spending, Tesla's Decline
Friedberg leads a discussion on the deep tech revival — nuclear fusion, space, biotech, and defense tech companies attracting venture funding after a decade of software dominance. Sacks discusses Anduril and Palantir's defense tech success.
Canon
•
Return on luck — SpaceX's success was built on decades of NASA research that Musk inherited for free
Friedberg notes that SpaceX's success wasn't purely entrepreneurial genius — it built on 60 years of publicly funded NASA research, infrastructure, and talent. Musk's 'luck' was inheriting this knowledge base; his 'return' was commercializing it.Highlights
•
Software ate the world; now hard tech is eating software's lunch
After a decade where VCs funded only software (low capex, high margins), capital is flowing back to hard tech: nuclear (Oklo), defense (Anduril), space (SpaceX), and biotech (Recursion). The pendulum has swung because software opportunities are saturated and AI enables hard-tech breakthroughs.