# A VC Shares His 5-Layer Quantum Investing Strategy — with Intel Capital

Page: https://stenobird.com/podcast/the-post-quantum-world-3755357/a-vc-shares-his-5-layer-quantum-investing-strategy-with-intel-capital
Text version: https://stenobird.com/podcast/the-post-quantum-world-3755357/a-vc-shares-his-5-layer-quantum-investing-strategy-with-intel-capital.md
Podcast: [The Post-Quantum World](https://stenobird.com/podcast/the-post-quantum-world-3755357)
Published: 2026-02-04T13:00:09+00:00
Episode link: https://www.spreaker.com/episode/a-vc-shares-his-5-layer-quantum-investing-strategy-with-intel-capital--69739989
Audio file: https://api.spreaker.com/download/episode/69739989/pqw_kike_v01.mp3
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JSON: https://stenobird.com/v1/public/podcasts/the-post-quantum-world-3755357/episodes/a-vc-shares-his-5-layer-quantum-investing-strategy-with-intel-capital
Duration seconds: 2426

## Resource

Explore the high-stakes world of quantum venture capital. Host Konstantinos Karagiannis sits down with Kike Miralles, Investment Director at Intel Capital . Moving beyond surface-level hype, Miralles introduces his “five-layer stack” philosophy — a strategic framework that evaluates everything from physical infrastructure and QPUs to middleware and end-user applications. He shares candid insights into why Intel Capital favors Series A and B rounds, how his background in physics helps him spot “miracles” required for a startup to succeed, and why he believes the quantum computing industry shifted gears so aggressively toward error correction and logical qubits in 2025. It’s a masterclass in “revenue realism” as Miralles discusses the complex transition from consulting-heavy pilots to scalable SaaS models in quantum. The conversation dives into the wiring bottleneck of solid-state platforms, the skepticism surrounding QKD versus post-quantum cryptography, and the potential for a killer app at the intersection of quantum simulation and AI in the pharmaceutical industry. Whether you are an entrepreneur looking to avoid red flags or a tech enthusiast curious about who might become the Nvidia of quantum, this episode provides a grounded, expert look at the roadmap to a multi-billion dollar quantum future. For more information on Intel Capital, visit https://www.intelcapital.com/ . Visit Protiviti at www.protiviti.com/US-en/technology-consulting/quantum-computing-services to learn more about how Protiviti is helping organizations get post-quantum ready. Follow host Konstantinos Karagiannis on all socials: @KonstantHacker Questions and comments are welcome! Theme song by David Schwartz, copyright 2021. The views expressed by the participants of this program are their own and d…

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## Transcript

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