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.

Subscribe to our newsletter to catch every headline.

Cadence

Ex-Disney Execs’ Candle Media Buys Social Media Company ATTN: for $100M

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.

Ex-Disney Execs’ Candle Media Buys Social Media Company ATTN: for $100M
Photo provided by ATTN:

Candle Media, the firm run by ex-Disney execs Kevin Mayer and Tom Staggs, has bought social media creative company ATTN: for $100 million.

Los Angeles-based ATTN: (pronounced “attention”) produces content geared toward Gen Z and Millennial viewers. The company has created original series for Facebook, TikTok, and Twitch, as well as TV networks like ABC and NBC, and streaming services like Hulu and Apple TV. Launched in 2014, ATTN:’s brand studio and creative agency has also worked with Amazon, Ford and Google, among others.

Read more Show less

Marijuana and the Metaverse: How LA Cannabis Startups Are Lighting Up the Virtual Realm

Nick Kazden
Nick Kazden is a freelance writer who lives and writes in Los Angeles.
Marijuana and the Metaverse: How LA Cannabis Startups Are Lighting Up the Virtual Realm
Image courtesy of Crypto Cannabis Club

With West Hollywood becoming a hub for cannabis consumption lounges and many Silicon Beach companies embracing virtual reality, it was only a matter of time before two of Los Angeles’ two burgeoning industries started mingling.

Read more Show less

Old Guard on High Alert as Streaming and New Tech Storm Upfronts

Keerthi Vedantam

Keerthi Vedantam is a bioscience reporter at dot.LA. She cut her teeth covering everything from cloud computing to 5G in San Francisco and Seattle. Before she covered tech, Keerthi reported on tribal lands and congressional policy in Washington, D.C. Connect with her on Twitter, Clubhouse (@keerthivedantam) or Signal at 408-470-0776.

Old Guard on High Alert as Streaming and New Tech Storm Upfronts
Netflix and Google Are Poised to Dominate L.A. After the Pandemic

Are the upfronts turning into TV execs’ personal “Black Mirror'' episode?

The annual feeding frenzy—in which C-suite television executives auction off highly-viewed (and costly) advertising time slots— is changing as new streaming behemoths shake up the market. The event often gives viewers and industry watchers insight on what shows are poised to become cultural phenomena, but that too seems to be disrupted at this year’s proceedings.

It’s been two years since major networks and television players convened in New York for a week, and it’s clear that technology is going to change a lot about how the process works.

Read more Show less
RELATEDEDITOR'S PICKS
LA TECH JOBS
interchangeLA
Trending