Connect with us

Science & Technology

Fusion power may not be sci-fi. Just ask the people who sunk $5B into it | Equity Podcast

Fusion energy has been “20 years away” for decades, but has the science finally caught up? Private investment in fusion companies surged from $10 billion to $15 billion in just months, and the money is coming from places you wouldn’t expect. On this episode of TechCrunch’s Equity podcast, Rebecca Bellan and guest host Tim De…

Published

on

Fusion energy has been “20 years away” for decades, but has the science finally caught up? Private investment in fusion companies surged from $10 billion to $15 billion in just months, and the money is coming from places you wouldn’t expect.

On this episode of TechCrunch’s Equity podcast, Rebecca Bellan and guest host Tim De Chant sit down with Rachel Slaybaugh, general partner at DCVC, to break down why serious investors are finally treating fusion as a real asset class, and what the return thesis actually looks like when no one expects a power plant in their fund lifetime.

Subscribe to Equity on YouTube, Apple Podcasts, Overcast, Spotify and all the casts. You also can follow Equity on X and Threads, at @EquityPod.

Chapters:

00:00 Intro & fusion fest check-in

01:52 Why fusion, why now?

05:04 Federal funding history

06:17 The IEA’s 2030 milestone

07:37 What’s actually new: AI & superconducting magnets

09:19 Near-term revenue vs. staying the course

12:03 The return thesis: betting on “fusion euphoria”

19:33 Portfolio strategy: betting on the whole stack

21:16 How much energy do we actually need?

25:39 Data centers & the regulatory window

29:06 Fusion vs. fission explained

30:15 Going public: SPACs & Trump Media

32:08 Outro

Continue Reading
Advertisement
2 Comments

2 Comments

  1. @jeffcraymore

    April 22, 2026 at 4:03 pm

    It is “sci-fi” if they had a brain. They would know it’s a scam. Over Unity. You can’t produce more power than what is required to produce that power.
    They are at 80% output verse the amount they need to run the test.
    They will never reach 110% output. because it is physically impossible.

    While, yeah for them to allow the scientists to keep playing with their toys (doing research) In no reality can they produce over unity.

  2. @SchweetOne

    April 22, 2026 at 6:03 pm

    The catch with fusion is that the time period that the fusion lasts at lawrence livermore is only trillionths of a second. Sure fusion has been sustained for many minutes in other cases, but reaching ignition and having it last is still very far away it seems. They need to go from ignition events one to two times per day, to having thousands per second. 5 billion is chump change if a miracle happens and there’s a massive breakthrough, but it’s not exactly ‘close’. Quantum is just as far away.

Leave a Reply

Your email address will not be published. Required fields are marked *

Science & Technology

Lightspeed’s Strategy For Reaching Founders Beyond X

“If you can build credibility and trust even when they’re still on Instagram and TikTok…you’re already getting in front of them before they’ve migrated to the tech Twitter world.” Lightspeed’s Claire Zau and Josh Machiz tell Equity host Dominic-Madori Davis all about courting the “tech curious” early, on this week’s Equity podcast.

Published

on

“If you can build credibility and trust even when they’re still on Instagram and TikTok…you’re already getting in front of them before they’ve migrated to the tech Twitter world.”

Lightspeed’s Claire Zau and Josh Machiz tell Equity host Dominic-Madori Davis all about courting the “tech curious” early, on this week’s Equity podcast.

Continue Reading

Science & Technology

What Going Viral Taught This Lightspeed VC About AI

She started posting as a side project. Now Lightspeed’s Claire Zau says it’s given her real-time visibility into how normal people (not just tech X) actually feel about AI. The Equity podcast digs into why that direct feedback loop changed how she invests.

Published

on

She started posting as a side project. Now Lightspeed’s Claire Zau says it’s given her real-time visibility into how normal people (not just tech X) actually feel about AI.

The Equity podcast digs into why that direct feedback loop changed how she invests.

Continue Reading

Science & Technology

The legal mistakes that can sink your startup before series A with Kristina Subbotina, Lexsy

Setting up a sound legal foundation could be what saves a startup down the line. A missing founder vesting agreement, an unclear IP agreement, or a messy cap table can derail fundraising, spark co-founder disputes, or even kill an otherwise promising company before it has a chance to scale. In this episode of Build Mode,…

Published

on

Setting up a sound legal foundation could be what saves a startup down the line. A missing founder vesting agreement, an unclear IP agreement, or a messy cap table can derail fundraising, spark co-founder disputes, or even kill an otherwise promising company before it has a chance to scale.

In this episode of Build Mode, host Isabelle Johannesen sits down with Kristina Subbotinai, founder and CEO of Lesxy and former startup attorney at Cooley, to break down the legal fundamentals every founder needs to get right.

They get into:

The four legal mistakes that can make a startup unfundable

How founder vesting, IP assignment, Delaware incorporation, and 83(b) elections protect your company

What VCs actually look for during due diligence and how to avoid common red flags

How founders should negotiate valuation, board control, and investor rights

Why leverage comes from building a great business—not signing better term sheets

Subscribe to Build Mode on⁠ () Apple Podcasts⁠ () , ⁠Spotify⁠ () , or⁠ () wherever you like to listen⁠ () . And watch the full videos on⁠ () YouTube⁠ () . New episodes of ⁠Build Mode⁠ () drop every Thursday. 

Chapters:00:00 – Intro: The Legal Mistakes That Kill Startups01:37 – Why Kristina built Lexsy03:58 – The Legal Foundations Every Startup Needs08:22 – How to Find the Right Startup Lawyer10:21 – The Four Non-Negotiable Legal Decisions17:33 – What Investors Look for During Due Diligence20:04 – SAFE Notes vs. Priced Rounds22:18 – Negotiating Valuation Without Losing Control25:25 – Board Seats, Investor Rights, and Hidden Term Sheet Traps30:51 – Should Founders Use AI for Legal Advice?31:04 – How Founders Build Leverage in Fundraising35:48 – The Terms That Can Destroy Founder Wealth37:01 – The Craziest Startup Legal Story Kristina Has Ever Seen

Hosted by Isabelle Johannessen. Produced and edited by Maggie Nye. Audience development led by Morgan Little. Special thanks to the Foundry and Cheddar video teams.

Continue Reading

Trending