
Max Samuel
141 posts

Max Samuel
@jmaxsamuel
Founder/GP at Off Piste. Prev: Thiel Capital, SNÖ, Wilson Sonsini, Credit Suisse




America used to be #1 in the world for nuclear energy and controlled 86% of global uranium enrichment. Today? We've fallen to last place. As we approach the January 2028 ban on Russian uranium, the United States is facing a massive fuel crisis. If we don't reshore this capability, the future of our grid may be at risk. In this episode, @ScottNolan (Partner at @foundersfund & Co-founder of @generalmatter) reveals his plan to take back America's lead. We discuss: • How Scott is applying the SpaceX playbook of cost reduction to uranium • The massive market opportunity in HALEU and next-gen fuel • Scott's counterintuitive advice: avoid starting companies unless the mission is this important. Timestamps (00:00) Introduction to Scott Nolan (02:24) General Matter’s mission to rebuild U.S. enrichment (08:31) Scott’s background: From SpaceX and Founders Fund to General Matter (17:50) How Scott’s focus evolved over 13 years at Founders Fund (33:30) How U.S. uranium enrichment quietly came to an end (38:34) The Russian uranium ban and the 2028 supply cliff (50:56) What the U.S. needs to actually scale nuclear energy (59:30) Why General Matter chose Paducah, Kentucky (01:07:06) The $900 million Department of Energy award (01:14:12) Final meditations


Here's what's going on: Dads are spending more time with their kids, which is good. Moms are working more outside the home. Moms are NONETHELESS spending more of their day on *purely parenting responsibilities.* We're overparenting. It's anti-natal.






This is my fifth conversation with @GavinSBaker. Gavin understands semiconductors and AI as well as anyone I know and has a gift for making sense of the industry's complexity and nuance. We discuss: - Nvidia vs Google (GPUs + TPUs) - Scaling laws and reasoning models - The economics of AI compute - Why Blackwell's delay mattered - The bear case on the AI capex buildout - Data centers in space - The mistake SaaS companies are making Few people love investing more than Gavin. His closing answer about why he loves it turned into a full reflection on his investing origin story, which I had never heard before. Enjoy! Timestamps: 0:00 Intro 5:03 The Blackwell Transition 23:15 The Prisoner's Dilemma 27:12 The Bear Case: Edge AI 37:19 Meta, Open Source, and Model Depreciation 43:08 Geopolitics and Rare Earths 50:42 Data Centers in Space 56:06 Power Constraints as a Governor 1:11:31 The SaaS Mistake 1:16:17 Nuclear and Quantum 1:22:25 Gavin’s Investing Origins




I’ve never heard a more beautiful call out: “𝗦𝘁𝗮𝗿𝗰𝗹𝗼𝘂𝗱-𝟭 𝘀𝗲𝗽𝗮𝗿𝗮𝘁𝗶𝗼𝗻 𝗰𝗼𝗻𝗳𝗶𝗿𝗺𝗲𝗱” !!!!!! 🚀🚀🚀🚀🚀🚀 @Starcloud_Inc1, @ezrafeilden, @adioltean








