Steve Jurvetson — The Midas Touch and Mind Bending Futures Steve Jurvetson (@jurvetson) is an early-stage venture capitalist with a focus on founder-led, mission-driven companies at the cutting edge of disruptive technology and new industry formation. Steve was the early VC investor in SpaceX, Tesla, Planet, Memphis Meats, Hotmail, and the deep learning companies Mythic and Nervana. He also led investments in startups that were acquired for $16 billion, and five that went public in successful IPOs. In 2016, former President Barack Obama announced Steve’s appointment as a Presidential Ambassador for Global Entrepreneurship. Steve has also been honored as one of “Tech’s Best Venture Investors” by Forbes, and as the “Venture Capitalist of the Year” by Deloitte. Steve will be launching a brand-new venture fund sometime later this year, and you can read about it at future.ventures. 00:00 Start 09:23 Quantum mechanics and quantum computers 15:10 Rose’s Law. 19:50 Quantum computer usefulness 21:06 Quantum chemistry 22:22 Deep learning. 23:15 Quantum entanglement. 25:37 Theoretical vs. practical application 26:54 Bridging the accelerating rich-poor gap 28:33 Protecting Earth from asteroids 30:09 Synthesizing biological weapons 32:07 Coping with climate change through hibernation? 34:14 Mitigating social unrest 41:00 The problem of affordable life-saving drugs 42:28 Time at Stanford 44:45 Masters program hacks 48:39 How did Steve enter the world of investing? 49:53 Common investing mistakes 53:13 Early success 55:26 An early-stage investing rule 56:59 Signs of the dotcom crash 01:02:15 Difficulties of reverse engineering 01:06:08 Deep learning and neural networks 01:14:23 Why did Steve get involved with Apple and NeXT? 01:18:52 Mitigating risk 01:22:04 Weeding out charlatans and opportunists 01:23:36 The uncertainty of enormous markets 01:24:32 Hotmail origins 01:25:19 Successful companies that were “bad ideas” 01:26:07 Why Steve never sell shares 01:31:18 Steve Jobs vs. Elon Musk. 01:36:09 Is Elon Musk the most risk-immune person in the world? 01:42:26 Elon’s “battle mode” of focus during crises 01:47:18 Steve Jobs, team sizes, and meetings. 01:48:54 On bad press and dealing with allegations 01:59:31 Other trying times 02:00:32 On grief 02:04:59 Benefits of parenting 02:07:11 Steven’s billboard 02:07:38 Children are like scientists 02:09:15 Model rockets 02:10:36 Drones and how to eliminate the TSA 02:15:01 Budgeting for regulatory or political opposition 02:18:27 Synthetic “clean” meat 02:28:13 Producing human tissue and organs for transplants vs 3D printing 02:31:13 Scientific literacy 02:35:04 Preparing to work in deep learning fields 02:36:20 Steve’s high school commencement speech 02:38:25 “Talent stacks” and unforeseeable breakthroughs 02:40:52 “Every great idea is a recombination of prior ideas” 02:42:51 Parting thoughts and what’s next for Steve SUBSCRIBE: http://bit.ly/1dSzTkW About Tim Ferriss: Tim Ferriss is one of Fast Company’s “Most Innovative Business People” and an early-stage tech investor/advisor in Uber, Facebook, Twitter, Shopify, Duolingo, Alibaba, and 50+ other companies. He is also the author of five #1 New York Times and Wall Street Journal bestsellers: The 4-Hour Workweek, The 4-Hour Body, The 4-Hour Chef, Tools of Titans and Tribe of Mentors. The Observer and other media have named him “the Oprah of audio” due to the influence of his podcast, The Tim Ferriss Show, which has exceeded 200 million downloads and been selected for “Best of iTunes” three years running. Connect with Tim Ferriss: Visit the Tim Ferriss PODCAST: https://bit.ly/2rYjUBr Visit the Tim Ferriss BLOG: http://bit.ly/17jDHw3 Like Tim Ferriss on FACEBOOK: http://on.fb.me/1avYUxq Follow Tim Ferriss on TWITTER: http://bit.ly/17d94TE Follow Tim Ferriss on INSTAGRAM: http://bit.ly/2IfH37J