LA Venture Podcast: Lux Capital Bets On Deep-Tech Founders Before They Have Companies

Minnie Ingersoll
Minnie Ingersoll is a partner at TenOneTen and host of the LA Venture podcast. Prior to TenOneTen, Minnie was the COO and co-founder of $100M+ Shift.com, an online marketplace for used cars. Minnie started her career as an early product manager at Google. Minnie studied Computer Science at Stanford and has an MBA from HBS. She recently moved back to L.A. after 20+ years in the Bay Area and is excited to be a part of the growing tech ecosystem of Southern California. In her space time, Minnie surfs baby waves and raises baby people.
LA Venture Podcast: Lux Capital Bets On Deep-Tech Founders Before They Have Companies

For this week's episode of LA Venture, hear from Shahin Farshchi, partner at Lux Capital. Lux invests in emerging science and technology ventures at the outermost edges of what is possible. Farshchi has fascinating insight on automation, autonomous cars, AI and more.


Key Takeaways

  • Lux is not afraid to invest pre-product, and sometimes pre-company. Lux will write $10 million to $15 million checks for top entrepreneurs or executives they believe in, even if their company doesn't exist yet.
  • Farshchi has seen an increase in deep-tech founders with typically capital intense companies, partnering with investors early in order to access deep pockets from day zero, instead of later in the fundraising timeline.
  • Farshchi expects that while the trend of automation will continue and will lead to job elimination, those jobs are usually tough to fill, and the new jobs created will be easier to fill and more attractive. That said, he believes workers must be educated by employers and educational institutions to be ready for the next generation of jobs.

Shahin Farshchi is a partner at Lux Capital and has a PhD in electrical engineering. He empowers entrepreneurs aiming to accelerate humanity towards a brighter future through feats of engineering. He is passionate about artificial intelligence, robots, space, cars and engines—pretty much anything you might find in an episode of "Star Trek."

Want to hear more of L.A. Venture? Listen on Apple Podcasts, Stitcher, Spotify or wherever you get your podcasts.

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Genies Wants To Help Creators Build ‘Avatar Ecosystems’

Christian Hetrick

Christian Hetrick is dot.LA's Entertainment Tech Reporter. He was formerly a business reporter for the Philadelphia Inquirer and reported on New Jersey politics for the Observer and the Press of Atlantic City.

Genies Wants To Help Creators Build ‘Avatar Ecosystems’

When avatar startup Genies raised $150 million in April, the company released an unusual message to the public: “Farewell.”

The Marina del Rey-based unicorn, which makes cartoon-like avatars for celebrities and aims to “build an avatar for every single person on Earth,” didn’t go under. Rather, Genies announced it would stay quiet for a while to focus on building avatar-creation products.

Genies representatives told dot.LA that the firm is now seeking more creators to try its creation tools for 3D avatars, digital fashion items and virtual experiences. On Thursday, the startup launched a three-week program called DIY Collective, which will mentor and financially support up-and-coming creatives.

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Here's What To Expect At LA Tech Week

Christian Hetrick

Christian Hetrick is dot.LA's Entertainment Tech Reporter. He was formerly a business reporter for the Philadelphia Inquirer and reported on New Jersey politics for the Observer and the Press of Atlantic City.

Here's What To Expect At LA Tech Week

LA Tech Week—a weeklong showcase of the region’s growing startup ecosystem—is coming this August.

The seven-day series of events, from Aug. 15 through Aug. 21, is a chance for the Los Angeles startup community to network, share insights and pitch themselves to investors. It comes a year after hundreds of people gathered for a similar event that allowed the L.A. tech community—often in the shadow of Silicon Valley—to flex its muscles.

From fireside chats with prominent founders to a panel on aerospace, here are some highlights from the roughly 30 events happening during LA Tech Week, including one hosted by dot.LA.

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Liquid Death May Just Be The 'Fastest Growing Non-Alcoholic Beverage Of All Time'

Samson Amore

Samson Amore is a reporter for dot.LA. He holds a degree in journalism from Emerson College and previously covered technology and entertainment for TheWrap and reported on the SoCal startup scene for the Los Angeles Business Journal. Send tips or pitches to samsonamore@dot.la and find him on Twitter @Samsonamore.

Liquid Death May Just Be The 'Fastest Growing Non-Alcoholic Beverage Of All Time'
Liquid Death Files Paperwork to Raise $15 Million

When Santa Monica-based Liquid Death launched with funding from neighboring venture capital firm Science Inc. in 2018, the Los Angeles startup world – and everyone else – had nothing but jokes. But with the company’s latest $700 million valuation, it appears the joke is on the rest of us.

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