Charlie Cuddy

The #allinsummit in LA was absolutely a next level event — unlike any conference I’ve ever attended! So blown away by what @Jason, @friedberg, @chamath, & @DavidSacks put on, the guests that spoke, & people I met! Still processing the content & looking forward to next year!

The world’s electricity demand is accelerating faster than the grid was built to handle. AI infrastructure, hyperscale data centers, and advanced manufacturing are creating a systemic surge in global power demand. The bottleneck is shifting from chips to gigawatts. The constraint is no longer compute. It is energy. For the first time since the U.S. Census Bureau began tracking it, America is now spending more on data center construction than on office buildings. This is not temporary. It is a structural shift in compute-intensive infrastructure, still in the early stages. Only a small fraction of the workforce currently uses AI daily, meaning the demand curve is still early in its adoption cycle. As usage scales, so does energy demand. Modern AI systems and hyperscale data centers require: • Massive compute density • 24/7 uptime • Grid-scale reliability This creates a hard requirement: continuous baseload power. A single hyperscale data center can require power comparable to a small city. Nuclear energy provides continuous baseload power at industrial scale, with a high capacity factor aligned with always-on demand requirements. Wind and solar require significant overbuild and storage to deliver reliable firm power at scale. This difference shows up clearly in capacity factors: • Nuclear ~92% • Wind: ~34% • Solar: ~23% • Coal: ~55% Nuclear's operational profile, characterized by near-continuous output with downtime driven mainly by scheduled maintenance, is uniquely aligned with AI-driven load profiles. The scale of demand is already being reflected in the strategies of the largest technology companies. Amazon, Google, Meta, and Microsoft are increasingly integrating nuclear energy into their long-term power strategies as they scale AI infrastructure globally. To meet this demand, nuclear deployment is shifting toward advanced nuclear, including Small Modular Reactors (SMRs) and Micro Modular Reactors (MMRs). These systems are: • Factory-built • Modular in size • Faster to deploy • Designed for flexible siting Most importantly, they enable on-site power. This means nuclear generation can be deployed directly alongside data centers and industrial sites, reducing dependence on long transmission buildouts and enabling behind-the-meter power supply. At the same time, the economics of deployment are shifting. The largest hyperscalers alone are projected to spend ~$660B in capex this year, with power availability increasingly becoming the binding constraint on deployment. Policy frameworks like the Ratepayer Protection Pledge are reinforcing this shift by requiring hyperscalers to directly fund the generation of their own power. This reduces pressure on public ratepayers while unlocking large-scale private capital for dedicated power buildouts. On the supply side, nuclear energy is uniquely positioned to meet this challenge. It is one of the lowest-carbon large-scale energy sources, preventing hundreds of millions of tons of CO₂ emissions annually in the United States alone. It is also among the most land-efficient forms of energy generation, requiring roughly ~400x less land than comparable clean energy sources to produce the same output. Globally, momentum is accelerating: • 440+ reactors operating • 60+ under construction • Hundreds more planned or proposed Bank of America projects global nuclear capacity to grow from ~442 GW today to ~683 GW by 2040. Governments are also increasingly prioritizing: • Energy security • Domestic fuel supply chains • Grid resilience • Reliable baseload power for industrial growth The conversation around energy has fundamentally changed. This is no longer about choosing between energy sources. It is about whether the grid can physically support the next wave of compute-driven economic growth, and which technologies can meet that demand profile. Nuclear is one of the only solutions capable of matching it at scale. That is the opportunity we are building toward at @hadron_energy.

Top College GMs & analysts use the Dropback web app every single day. The most ambitious teams need more than an interface—they need infrastructure. So we invented the 1st database platform purpose-built for sports 👇

@SelfTSuccess @hadronenergy @movevc @hadron_energy @Samuel_Gibson_ @SiliconPrairie 💯

@CharlieCuddy @hadronenergy @movevc @hadron_energy @Samuel_Gibson_ @SiliconPrairie Very bullish

Huge milestone for @HadronEnergy, securing ~$31M & trading on Nasdaq as $HDRN, the first publicly traded light-water micro-modular nuclear reactor company. @movevc was excited to back Samuel early because of his vision, technical depth, & relentless execution. Read more👇

Hadron Energy, Inc. has successfully completed its business combination with GigCapital7 and begins trading on Nasdaq today under the ticker symbol $HDRN Through the transaction, Hadron secured approximately $31 million in total equity funding with zero debt, resulting in approximately $24.5 million of cash on the balance sheet. The capital raised will support reactor design, NRC licensing, supply-chain development, and future deployments targeting AI data centers, industrial facilities, defense applications, and critical infrastructure. This milestone positions Hadron as the first publicly traded company focused on light-water micro-modular reactor (MMR) technology. Hadron is developing the Halo MMR: a factory-built, transportable 10 MWe microreactor designed to deliver reliable carbon-free baseload power with a 10-year refueling cycle. Going public builds on key achievements, including agreements with ConverDyn and Paragon Energy Solutions, as well as a deployment framework with Smartland Energy representing up to 1.8 GWe of potential demand. We believe Hadron is positioned to help define the next generation of nuclear energy infrastructure. Follow along with @hadron_energy for the latest in microreactor innovation!

Ahead of Hadron Energy beginning trading on Nasdaq under the ticker $HDRN on May 26th, we wanted to share a glimpse of Hadron’s vision building the future of microreactors. Hadron Energy is developing the Halo Micro Modular Reactor (MMR), a compact, factory-built light-water reactor designed to deliver reliable, carbon-free power for AI data centers, industrial sites, remote communities, military applications, and critical infrastructure. Each Hadron MMR is designed to generate 10 MWe of reliable power and is transportable by truck or rail to support flexible deployment where power is needed most. By generating power directly on-site, Hadron’s microreactors may reduce reliance on extensive transmission and distribution infrastructure. Multiple units can be deployed in a modular format to meet growing demand, with a targeted fuel-cycle of 10 years and an intended 50-year useful life. Hadron’s microreactors leverage proven light-water technology which powers ~90% of the global nuclear power fleet today. The Nuclear Regulatory Commission (NRC) is most familiar with light-water designs, they have ~27,000 cumulative reactor years of operational history, and light-water avoids the risks associated with novel fuels or coolants. Hadron’s microreactors are designed with inherent and passive safety features and are installed below grade to maximize protection of the public and the environment. Hadron uses Low Enriched Uranium Plus (LEU+), enriched to approximately 8% U-235. This fuel builds on the same proven uranium fuel used in today’s commercial reactors while enabling longer operating cycles and efficient power output for microreactor applications through slightly higher enrichment. Because LEU+ remains within the existing regulatory framework, may support a more familiar licensing pathway relative to certain advanced reactor technologies. Most importantly, LEU+ leverages existing portions of the domestic light-water reactor fuel supply chain, which we believe may reduce fuel supply constraints relative to certain advanced reactor approaches dependent on HALEU or TRISO fuel. Our approach focuses on regulatory efficiency and standardized deployment. In October 2025, the NRC accepted Hadron’s Quality Assurance Program Description (QAPD) Topical Report for review, an important step in establishing the company’s regulatory foundation. Hadron maintains active engagement with the NRC through a dual-track pathway, pursuing both Manufacturing and Combined Licenses, while monitoring evolving NRC initiatives intended to support standardized deployment and serial manufacturing approaches for advanced reactors. Hadron’s leadership team brings decades of experience across nuclear plant operations, NRC licensing, reactor engineering, fuel design, and quality assurance, supported by engineers focused on moving from design through deployment efficiently. As electricity demand continues to accelerate globally, particularly across AI infrastructure and industrial applications, Hadron is targeting a growing market expected to exceed $7 billion by 2030, according to Grand View Research. We believe light-water reactors continuing to produce reliable, 24/7 power, will play a critical role in the future of energy and national security. Please refer to Hadron Energy’s public SEC filings for additional information.

When raising pre-seed, be as "vanilla" as possible: - No weird corporate structure - No 10-year company history - No complex IP ownership - No exotic terms or instruments Make your case easy to read. VCs don't have the time nor the desire to understand why you're special. The conversation should be about the business. The legal stuff should be a no-brainer. If you have to "explain" why things are the way they are, you're doing something wrong. "So, the company is 10 year-old because we've been doing this as a service for a while. Now pivoting to a product. We're a LLC, but this shouldn't be an issue, right? Our lawyer says so. Oh, and John moved to be a professor in Germany, he still owns the patent but we gave him 5% to keep him involved." Recipe for a disaster. VCs are simple creatures. Don't create unnecessary noise in their minds. You won't win that battle. Clean up your act first, then speak with investors. (And yes, Elon Musk doesn't have to follow the rules. Wanna guess why?)

$0 tuition Get paid to learn venture capital and startup creation at my firm in Austin We are hiring six “associates in training” You’ll start as a researcher and learn fund management, back office functions and the “qualified sorting” of incoming applications You’ll do research in verticals from robotics to military tech to AI Then you become analyst and do meetings with founders and learn “qualified hunting” (finding startups to invest in) and syndicates. Finally, if you crush it, you become an associate. We’re looking for grinders who will put the hours in and learn We don’t care about your degree or pedigree More about the opportunity to join @launch below

We are live on @NE_StartAcademy with Tina Hrabak of Long Jump VC She'll be sharing what they look for in a deck, startup narratives that stand out, and what founders can do to form and effectively voice their vision. go.nestartupacademy.org/live/insights-…

Incredible live demo of @fleetdefender22, from founder, Terry Reinert, this morning at 1 Million Cups Omaha! We’re so excited at @movevc of the group Terry & team have shown over the past couple of years! Great turnout this morning down at @millworkcommons!

"So You Want to be a VC" Im enjoying this week in Boston visiting students promoting my new book - Runnin Down a Dream. Not surprisingly, many ask me about trying to break into venture capital. I wrote a letter answering this question 15 years ago. I would send it out when people inquired. I'm making it public for the first time - with zero modifications. 1) I think it holds up well 2) make sure and read my new book also 3) I probably can't help with followups (as suggested in the letter) Hope you find it useful. Good luck!

Text from a founder who I met 3+ years ago before my fund was up & running. Haven’t spoken to them since then They saw my TikTok content and reached out about a deal I always say this… the power of content is staying top of mind for people who ALREADY know you!

Delusional founder: "We're raising $500k, minimum check is $25k". Meanwhile, in the real world:

@HipsterCow You using nightfoxaudio.com??

Friday. Time to enjoy the weekend making music and drinking coffee

Nobody tells you this: When you feel stuck, shrink the time horizon. Don't ask what the year needs. Ask what today needs. One finished task. One workout. One closed loop. One hard conversation. Momentum is a byproduct of movement. Remember that.

@pavelkasuncle Idk… Imagine everything you’re seeing but you have to listen to @realchriswebber

It’s worse in person in case you were wondering #Nebrasketball

Please do your job better

Asking for money is one of the hardest things about running a startup. Most people were never taught how to do it. Here are 8 tips the Hustle Fund team actually uses: 🧵

An inside look in how Parker (and dozens of GMs) build custom analytics models with Dropback👇