E90 [AI-Translated] Hardware Shift | ETH x IBM | SpaceX | Big Bets | ARR | Delta | Covalo | Lobby | Connectome
In this episode of Burn Rate – The VC Insider Podcast, Max Meister and Guy Giuffredi discuss a structural shift in the venture capital market.
In the news segment, they cover the current shift from software to hardware, the new quantum partnership between ETH Zurich and IBM, and the ambitious potential SpaceX valuation ahead of a possible IPO. The discussion focuses on defensibility in the age of AI, Europe’s opportunities in strategic technologies, and the growing role of narrative-driven valuations in tech.
In the featured topic, they analyze the underappreciated shift in VC from spray-and-pray investing to a small number...