{"podcast":{"title":"Venture Unlocked: The playbook for venture capital managers","slug":"venture-unlocked-the-playbook-for-venture-capital-managers-2990261","podcast_index_feed_id":2990261,"rss_url":"https://api.substack.com/feed/podcast/73172.rss","website_url":"https://ventureunlocked.substack.com/podcast","image_url":"https://substackcdn.com/feed/podcast/73172/f198d8343a19d4654fb4c4b0f92c9a4d.jpg","author":"Samir Kaji","episode_count":159,"summary":"Venture Unlocked offers unique insider insights into venture capital through our Podcast and writings.","last_synced_at":"2026-06-05T00:20:47.002881+00:00","page_url":"https://stenobird.com/podcast/venture-unlocked-the-playbook-for-venture-capital-managers-2990261"},"episode":{"title":"Deep Tech Gold Rush: Smart Boom or Future Bust?","slug":"deep-tech-gold-rush-smart-boom-or-future-bust","published_at":"2026-06-04T11:55:00+00:00","page_url":"https://stenobird.com/podcast/venture-unlocked-the-playbook-for-venture-capital-managers-2990261/deep-tech-gold-rush-smart-boom-or-future-bust","show_page_url":"https://stenobird.com/podcast/venture-unlocked-the-playbook-for-venture-capital-managers-2990261","url":"https://ventureunlocked.substack.com/p/deep-tech-gold-rush-smart-boom-or","audio_url":"https://api.substack.com/feed/podcast/200395649/99c96a0245dc1732fadf3ce3565a49db.mp3","summary":"Follow me @samirkaji for my thoughts on the venture market, with a focus on the continued evolution of the VC landscape. Welcome back to another episode of Venture Unlocked, the podcast that takes you behind the scenes of the business of venture capital. In this episode, I’m joined by three deep tech investors and friends of the show, Nate Williams, Sunil Nagaraj, and Guy Perelmuter, for a roundtable on the state of deep tech and the changing venture landscape. We dig into what deep tech really means today, why it’s suddenly attracting so much capital, and how economics, government tailwinds, and AI as a “killer app” have pulled these once niche technologies into the mainstream. We also explore the growing concentration of capital in a handful of hyperscale winners, the tension between consensus vs. non-consensus investing, and what all of this means for emerging managers, LPs, and founders operating at the zero-to-one stage. Thanks for listening to another episode of Venture Unlocked. I hope you enjoyed this conversation with Nate, Sunil, and Guy. If you’d like to get Venture Unlocked content straight to your inbox, go to ventureunlocked.substack.com and sign up, or head over to Apple Podcasts or Spotify and subscribe. Thanks again for listening. Nate Williams is the Founder and Managing Partner of DeepTech seed firm UNION (Union Labs, Union Peak VC funds) and formerly served as an Entrepreneur-in-Residence (EIR) at Kleiner Perkins focusing on vertical “Physical AI” opportunities across Climate/Resilience, PropTech, and Mobility. Nate has made over 40 early-stage investments, including Urban Sky, Butlr, Antimatter (acquired by Databricks), Proxy (acquired by Oura), Ruby Robotics (acquired by Intuitive Surgical) and Klue (acquired by Medtronic). Before transitioning to…","meta_description":"Follow me @samirkaji for my thoughts on the venture market, with a focus on the continued evolution of the VC landscape. Welcome back to another episode o…","key_points":[],"chapters":[],"topics":[],"duration_seconds":3220,"processing_state":"not_requested","actions":[{"name":"request_transcript","method":"POST","url":"https://stenobird.com/v1/public/podcasts/venture-unlocked-the-playbook-for-venture-capital-managers-2990261/episodes/deep-tech-gold-rush-smart-boom-or-future-bust/transcription-requests","description":"Idempotently request low-priority transcript generation for this episode."},{"name":"read_markdown","method":"GET","url":"https://stenobird.com/podcast/venture-unlocked-the-playbook-for-venture-capital-managers-2990261/deep-tech-gold-rush-smart-boom-or-future-bust.md","description":"Read the agent-friendly Markdown representation of this episode resource."}]}}