01:46:07 · John McElhone, John Coogan, Jordi Hays
[01:46:07] S5: Yeah. So there there's a bunch of patents. Same with any hard repeats. There's a bunch of patents. Yeah. But there are things with patents are very specialized. The turbine isn't actually very hard. It is hard to make, but it's not very complicated. Our system will probably have less than 40 parts on it. So that's that's quite small. And so it's not it's not crazy. The the product itself at American Turbines isn't I don't see it the turbine itself is like, we're gonna have a bunch of IP on this. We're gonna spend six years filing patents. We're gonna have this, like, specialized thing we're gonna have in a few years. That that sucks. That's what a lot of people are doing with, super critical stuff and Sure. A lot of specialized turbines. It it's just like you're waiting five years for what? So our our our product, I I I see in the future is is really just the manufacturing at scale, like our factory. Like, that's really what Henry Ford was able to do with the Model T. Yeah. Like, the product wasn't the car. It was kind of the the promise that with the process of manufacturing at scale and these assembly lines, we could create a whole new industry of transportation. And it worked worked for him. Yeah. And we kinda need the same for energy is we need to figure out how to produce that scale. And you can you can only do that in in kinda automated ways that that we're focusing on. [01:47:13] S0: Amazing. Well, congratulations on the launch. Thank you so much for coming on the show. Have a great rest your day, and we'll talk to [01:47:19] S1: you back on soon.
01:47:19 · Jordi Hays, John Coogan, Deena Shakir
[01:47:19] S1: you back on soon. [01:47:20] S0: Thank you very much. [01:47:20] S1: Cheers, John. [01:47:21] S0: Let me tell you about the New York Stock Exchange. Wanna change the world? Raise capital at the New York Stock Exchange. Just do it. Stop making excuses and do it. Our next guest is Dina Shakir from Lux Capital. She's a partner there. She's been on the show before, and we're very excited to have Dina back on the show. How are you doing? [01:47:42] S9: Hey, guys. Great to see you. [01:47:43] S0: Great to see you too. [01:47:45] S1: Welcome back. [01:47:46] S0: Give us the latest on the portfolio investments. Also, I mean, I wanna zoom out at some point and just, take your temperature on how things are going in the private markets and the AI boom. But first, give us the latest and greatest. [01:48:00] S9: Absolutely. Well, we've got a lot of exciting stuff going on all the time, and there's definitely no summer lull as you know and are reporting on anywhere adventure and certainly not here at Luxe. Yeah. We had to figure [01:48:10] S1: out by August August, I think we could be seeing a bit of a lull. I feel like it's always like it it feels crazy and then you get to mid August and it's like, okay. [01:48:19] S9: May maybe that's wishful thinking on your part, guys. I don't know if you're gonna be taking that August vacation. This is it's definitely lots of excitement, lots of activity. Our partner meetings are filled with deal pitches, and we got announcements coming up Wow. You know, nearly every day here. So there's a lot going on [01:48:34] S0: That's great.
01:48:34 · John Coogan, Deena Shakir
[01:48:34] S0: That's great. [01:48:34] S9: Especially in the world of AI. [01:48:36] S0: Yes. What's the latest in the world of AI? What's the Well, [01:48:39] S9: I'm excited to talk to talk about one of our newest investments that we, just announced last week. It's actually our very first investment in the GCC, a company called one thousand and one. We had the chance to invest really early. We were there when it was just Bilal in an idea and the seed round have been following it closely and preempted the series a, a $30,000,000 round in partnership with early investors including GC and CIB and Sinabal actually joined us as well. I'm super excited about the opportunity for applied AI in The Gulf. [01:49:12] S0: Yeah. What does, what what is the status quo of of software in the critical infrastructure space? Like, you hear about these massive machines from Siemens, and I imagine that there's some maybe web based dashboard for something or other. But are those companies asleep at the wheel? Is there just so much opportunity that you can do a yes and solution where it's not a rip and replace, but it's an additive functionality for critical infrastructure, managers and companies? Like, what is the shape of the job to be done?
01:49:12 · John Coogan, Deena Shakir
[01:49:12] S0: Yeah. What does, what what is the status quo of of software in the critical infrastructure space? Like, you hear about these massive machines from Siemens, and I imagine that there's some maybe web based dashboard for something or other. But are those companies asleep at the wheel? Is there just so much opportunity that you can do a yes and solution where it's not a rip and replace, but it's an additive functionality for critical infrastructure, managers and companies? Like, what is the shape of the job to be done? [01:49:44] S9: Yeah. I mean, there's a real greenfield opportunity, especially in the region. It's going to come down to the application layer to deployment. This is not a novel concept. There's a lot of discussion right now about the distribution advantage. We're sort of moving beyond the mode of models and to actually who can deploy on the ground with partners. And what's exciting about the GCC is of course we think about them a lot as investors, There's a lot of money coming in from The UAE, from Saudi, from Qatar and elsewhere into these companies. But the idea of a homegrown company that is built for the GCC which is a true global hub clearly not only on the investing side but actually on the customer side where there's an opportunity for really fast, massive multi $100 billion dollar types of deployments Yeah. At scale. Something that you really don't see anywhere else in the world. [01:50:34] S0: Yeah. Really quickly, we gotta we gotta hit the gong. It came in the middle of an answer, I didn't get a chance to do it. But Jordan,
01:50:34 · John Coogan, Jordi Hays
[01:50:34] S0: Yeah. Really quickly, we gotta we gotta hit the gong. It came in the middle of an answer, I didn't get a chance to do it. But Jordan, [01:50:44] S1: please. Yeah. What what is what is deal flow like coming out of coming out of The Gulf? Like, I I can't imagine it it's more than, like, 10% of the opportunities you're seeing, maybe, like, 5%. But how are you evaluating those opportunities? [01:50:58] S0: And do you go there? Or do they come here? How does [01:51:01] S1: that Yeah. Do they did their money comes here, but then their entrepreneurs, do they come and do a road show here? Or, you know, is
01:51:01 · Jordi Hays, Deena Shakir
[01:51:01] S1: that Yeah. Do they did their money comes here, but then their entrepreneurs, do they come and do a road show here? Or, you know, is [01:51:07] S9: the You know, it's it's still really early days. There, of course, have been companies innovating in Dubai and all over The Gulf for quite some time. This is our first investment in twenty five years. That's a company headquartered there. Certainly we have a lot of companies that are doing business there or companies that have gotten investment from the region, but it's still early days. What's really exciting about this company among many other things is the founder and the founding team and this thesis that they have around the diaspora. So how can they catalyze some of the best and brightest entrepreneurs from the region who have worked in The US, Bilal, the founder and CEO was born in Jordan, studied computer science at Yale, worked for many years at scale, helped to grow their business in the region, had the opportunity to do anything and saw that there was this incredibly unique opportunity to build a homegrown sovereign AI company focused on the GCC. When we invested, it was just him in an idea and he has attracted some of the best and brightest. It has been such a joy just to watch the incredible talent that he's amassed around him, and that was one of the early signals for us to really double down.