Marc Busch

Growth @HOFCapital | Prev. @PermiraNews @StanfordGSB, @GoldmanSachs | Views are my own.

[Bloomberg TV @BloombergTV]

"We're building the biggest energy company on Earth."

Valar Atomics CEO Isaiah Taylor discusses the startup's $1 billion funding round, its plan to scale nuclear power and why he believes nuclear is critical to winning the AI race https://t.co/HZplrhhHPJ

[Marc Busch @marc_busch]

On July 1, we at @HOFCapital witnessed @valaratomics’ reactor in Utah power an NVIDIA Blackwell chip with the first electrons ever generated by a startup’s nuclear reactor. Today, Valar announced its $1B Series B, and we’re excited to join @isaiah_p_taylor & the entire Valar team on their mission to solve AI’s energy constraint

[Isaiah Taylor - making nuclear reactors @isaiah_p_taylor]

Announcing Valar Atomics' $1B series B led by Sequoia, with Valor Equity Partners, Atreides, Point72, Conviction, and others.

Alongside the $1B equity, we have closed a $200m credit facility led by Erebor and JPM.

I'm excited to welcome Shaun Maguire from Sequoia to our board.

[HOF Capital @HOFCapital]

America once went from theory to working reactors in a few years. @valaratomics just brought that pace back: this month, electricity from its Ward 250 reactor powered an NVIDIA Blackwell — the first time an advanced nuclear reactor has directly powered AI infrastructure.

@isaiah_p_taylor grew up inside nuclear's story — his great-grandfather, Ward Schaap, was a Manhattan Project physicist. Eighty years later, Isaiah named his reactor after him: Ward 250 is the first reactor built and operated outside the national laboratory system under the federal pilot program.

Nuclear never had a physics problem. It had a delivery problem: every reactor built as a first-of-a-kind project, resetting the learning curve each time. Isaiah's answer is to build the manufacturing system that produces reactors as a fleet — the learning curves that transformed aerospace and semiconductors, applied to the binding constraint of the AI era.

Today Valar announced its $1B Series B to make energy abundant, and HOF Capital is proud to participate. Congratulations to Isaiah and the team!

[Max Hodak @maxhodak_]

Big news today. Science's PRIMA visual prosthesis, our retinal implant for macular degeneration, has received its CE mark, which means marketing approval in Europe. This is a huge milestone to begin to have a device like this commercially available to regular patients. 1/

[Marc Busch @marc_busch]

@venturetwins Congrats Justine!

[Marc Busch @marc_busch]

@landondonovan @united I was on the same flight last night @united. This was handled incredibly poorly. As a loyal customer, I know you can do far better. Hoping you’ll make it right for everyone who was stranded

[Packy McCormick @packyM]

SCARCE ASSET SUPERCYCLE

https://t.co/0Obg5ZCZ5e

[HOF Capital @HOFCapital]

@RadixArk launches today with $100M in seed funding to make frontier-grade AI infrastructure open and accessible to everyone, and we’re proud to be early investors. Built by the team behind SGLang, the open-source inference engine serving trillions of tokens daily, we’re honored to be on this journey with @ying11231, @BanghuaZ and the RadixArk team.

More on why we invested below.

[HOF Capital @HOFCapital]

Today, we're proud to announce that HOF Capital is leading a consortium to acquire Porsche's stakes in both Bugatti Rimac and Rimac Group. Upon completion, Rimac Group will assume control of Bugatti Rimac, and HOF Capital will join Rimac Group as its largest shareholder alongside Mate Rimac.

We first invested in Rimac in 2022, drawn to what Mate had built from a garage in Croatia into one of the most technically ambitious companies in the automotive industry: home to record-setting hypercars, a Tier-1 supplier of batteries trusted by leading global automakers, and, since 2021, the iconic Bugatti brand. Our conviction in Mate and his team has only deepened since.

We're honored to partner with him on the next chapter, one we believe will further cement Bugatti's place as an n-of-1 company for generations to come.

https://t.co/8ltdI6FJeT

[HOF Capital @HOFCapital]

Six years ago, we met Oguzhan Atay (@oatay), David Tsao (@dtsao), and the rest of the small, relentless team at @BillionToOneInc for the very first time. What stood out to us wasn’t just their promising technology or their exceptional talent; it was also their unwavering drive to accomplish a potentially world-changing mission: make precise, personalized healthcare accessible to all.

Today, BillionToOne is making its public debut on the @NasdaqExchange under the ticker BLLN.

We’re proud to have partnered with Oguzhan, David, and the rest of the BillionToOne team since the early days of their extraordinary journey.

[Marc Busch @marc_busch]

@krzysztof_lysy I wish

[Marc Busch @marc_busch]

We are growing the investment team at @HOFCapital and looking for an Associate to join our Growth team in NYC. We manage more than $2.2 billion in AUM and have recently launched a dedicated growth fund, focused on late-stage private companies across enterprise software, artificial intelligence and frontier technology.

Looking for someone to work directly with the firm's GPs & me with a minimum of two years of Consulting / Investment Banking experience (PE / Growth Equity / VC experience strongly preferred). This role is perfect for someone eager to join a lean, entrepreneurial investment team.

If you know someone who may be a great fit, please send me a DM or email at [email protected]

[Marc Busch @marc_busch]

@lukedewilde @krzysztof_lysy You win this @lukedewilde

[Marc Busch @marc_busch]

@krzysztof_lysy Keep up the great work!

[Marc Busch @marc_busch]

@lyd_hylton @BainCapCrypto @stefancoh @alexhevans Congrats @lyd_hylton!

[Marc Busch @marc_busch]

@Ece_Wyrick @khoslaventures Congrats @Ece_Wyrick!

[The 21 Fund @21_fund]

We are excited to announce the launch of The 21 Fund!

The 21 Fund is a $2M seed fund building and investing in the next generation of Stanford University Graduate School of Business (GSB) startups.

Follow us to stay up to date with the latest from our founders and community!

[Marc Busch @marc_busch]

For an investment, I spent last summer researching how online brokerages make money. There’s a lot more to PFOF than commonly reported and it couldn’t have been better explained than by (my current lecturer at the @StanfordGSB) @skupor & @arampell). Here’s what you need to know:

[Scott Kupor @skupor]

Everything you probably never wanted to know about PFOF https://t.co/cRWiVCxXjC #tech via @a16z

[Marc Busch @marc_busch]

@StanfordGSB @StanfordGSB #GSBapproved