Some news tomorrow AM...
1/ Lux family co AEVA—

(led by veteran Apple engineers)—to go public in $2B+ deal, with up to $343M in gross proceeds.

Aeva will be NYSE listed following expected close in Q1 2021.

Key shareholders including....
prnewswire.com/news-releases/…
2/ Key shareholders—

including Lux, Canaan Partners, Lockheed Martin
will retain equity holdings thru Aeva’s transition to publicly listed co...

...along with Adage Capital + Porsche—
the majority owner of VW Group...
3/ Aeva’s breakthru:

a 4D system on single silicon chip—
combining instant velocity measurements
+ centimeter per sec resolution
(!)🤯at far distance for cars

AND micron-level accuracy at near distance for other uses... in healthcare + consumer tech.
4/ Aeva sensors do NOT rely
on powerful lasers or exotic materials––

—which helped it to shrink the cost + size of the device.

They detect the speed of distant objects to help distinguish pedestrians from stationary features—critical for full-self driving + safety⚠️
5/ From imagination 💭+ idea 💡+ execution⚒
by @soroushs + @MinaARezk

to belief + founding investment 💸 by Lux’s @farshchi

Thrilled for technology’s advance—but MOST for the foundations, hospitals, scientific institutions who partner with Lux––that this will benefit.
6/ PIC: from day they shipped the very FIRST lidar-killer
on a chip—a secret then unknown

Lux partner Shahin @Farshchi
who believed before others even understood...

And incredible genius founders @soroushs + @MinaARezk
who saw huge opportunity in hard technical engineering

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More from @wolfejosh

31 Oct
1/ About to send our letter to Lux limited partners—

Notably relevant—while flipping through a few magazines that confirm the point. To wit...
2/ the economist says...
3/ While Scientific American notes...how things that seem salient fade more quickly than we can imagine

We say “never forget”—because we do
Read 4 tweets
29 Oct
1/ Triple news at Lux—🙌📈📈📈🙌

Deeply deserved promotions to...

@BrandonReeves08
—Lux's newest PARTNER!

Brandon hunts for innovations in open source infrastructure, data + ML applications—and tech disrupting antiquated x regulated industries...

He led Lux investments...
2/ investments in
@chronosphereio
(genius eng team from Uber)

@huggingface 🤗
(Brilliant breakthrough PhDs in NLP)

@benchling 🧪
(Incredible team revolutionizing software + infrastructure for how science is done)...
3/ Plus @BrandonReeves08 also led

@anchorage (crypto)
@fiddlerlabs (explainable AI) @OasisLabs (data tools)
@ElektraLabs (digitally connected health)
@TectonAI (ML tools)

And helped lead Lux investments in @Anduril and @ApppliedInt
Read 8 tweets
28 Oct
1/ The eventual reversion + shift
from GROWTH to VALUE
will take a while––

but I see ONE key catalyst:
a series of AOL/TimeWarner-like deals.

where smaller (more highly valued growth stock currency) consumes larger (cheaper cash-generating value biz’s, deemed in decline)...
2/ It will post facto finally bring reward to VALUE investors––

(who are facing growing, classic, end-of-cycle claims of the death of their strategy; from fund shutdowns to questioning Buffet to Damodoran as apologist)

––NOT because market sees the value they do...
3/ But IN SPITE of it––

as the market will have created crazy HIGH valuations of bad businesses that will buy good businesses at crazy LOW valuations

That will
1. put VALUE back in vogue
2. create tremendous SHORT opps as the combos fail
(but are good for book publishers)...
Read 5 tweets
27 Oct
1/ We’re pleased to unveil Lux’s NEWEST investment vehicle

Lux Health Tech Acquisition Corp
a $300M special purpose acquisition company

which begins publicly trading on the Nasdaq [LUXAU] this morning...
2/ We formed Lux Health Tech

for the purpose of entering into a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses at the intersection of the healthcare and technology industries...
3/ In PLAIN SPEAK:

we believe the time is now to take public and build generational technology companies that will have a profound positive impact on healthcare.
Read 9 tweets
20 Oct
1/ This was SHOCKING to me.

Do you love chocolate (Y/N)?
2/ Does the delicious taste of sweet chocolate exceed the bitter truth of supporting enslaved child labor of kids under 12 in Ghana or Ivory Coast picking cocoa beans that make chocolate?

(Y/N)?
3/ Most alarming was how easy it was for me to flip past this article in today’s @washingtonpost––while i LITERALLY bit into chocolate 🍫and sipped my morning coffee☕️

And then flipped back––startled by easy complacent ignorance.

WHOA.
Read 5 tweets
13 Oct
1/ I have no idea if the current zeitgeist lasts
2 days, 2 weeks, 2 months or 2 years.

I can argue the case for lasting longer than anyone thinks it ought––and why it may run shorter.

For why longer:
Record inflows from retail––“across the board”––in US, Europe, Asia...
2/ Beyond RobinHood or TradeRepublic or TikTok fast-money option speculators––with 0% rates–––“GROWTH” is what is demanded.

And
-with SPACs able to give proforma ‘forward guidance’ in ways IPOs couldnt
-and a dollar in 2025+ = to a dollar TODAY

Valuations continue to rise...
3/ SPACs themselves may be akin to late 1980s Junk Bonds when Milken took a once backwater asset and legitimized them through combo of academic + portfolio theory––

unleashing vast capital formation + wealth creation––until like all good things––it was taken to excess....
Read 11 tweets

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