Events
- Hosted an event at Deep Tech Week Austin TX 2026
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Lossless Twenty CRM: Deep Tech Week Austin TX 2026 (synced 2026-10-04)
Early-stage fund backing young technical founders. Also known as 1517 Ventures (the event site's name); same firm.
- Role: Co-hosted Embryo Corp ranch BBQ (Sep 24)
- Event Map segment: Capital & Investors
- Attended: No, observed from the public event site
- Event Map: Deep Tech Week Austin TX 2026 Event Map
Lambda Labs -- 2015 investment from Fund I
Jim Sullivan
Ken Levy
Patrick Merville
Herb Weiss
James Cheap
Ana Regina Larios
Verbal commitment by end of day Wednesday
Series F
Gabriel Fuente
Joshua Piestrup
Fernando Pontaza
Lyle Himebaugh
Elliott Nix
$14.5B premoney valuation, Forbes said $2B last year. (16x times revenue)
Stephen and Michael are twins.x
A lot of progress in past nine months.
Michel Combes (former CEO of Sprint, head of SoftBank Group Global)
$50B in backlogged revenue
Now "credit-worthy" so can borrow at Wallstreet rates
https://docs.google.com/forms/d/e/1FAIpQLSfALFruvs_K5XrMfmNZL5MZF4MXKDLDO_OgpRkjVAjSGL5haA/viewform
All Hyperscalers are customers.
What differentiated from Neocloud Operators , lease for speed and buy from developers. Started by AI Research Labs for AI Research Labs not retrofitted Web3
Lifespan of GPUs is longer lasting than rumors. 2017 GPUs still making money, 2021 80% still monetizeable.
Downside protections.
Nebius is a better comparable compared to CoreWeave
IPO targetted for 2027, different than 6 month lockup - staggered release a la SpaceX
68.1
First investment is 405x multiple
$6M SPV now worth $220M
Anthropic has fastest growth in world history. Too big to fail, though represents 83% of Lambda's revenue backlog.
Pro-Rata rights are $172M
terms are 2% upfront fee, 10% carry.
Blackrock and Coatue are about 50-50%
500 Gigawats under construction.
Does Amazon purchasing Decart create a challenge for Lambda?
Acknowleding we are focused on the 'next two year' window -- given that equity valuations discount further out where will power be expect to come from? What's the expected or target mix please if have color?
Positron is another portfolio company.
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