Seed to Scale: Episode 12 with Shahin Farshchi, Partner at Lux Capital
On leading the deep tech boom & science vs engineering risk
Founding General Partner Vic Singh sits down with Shahin Farshchi, a Partner at Lux Capital, to discuss his path to venture capital, by way of Detroit, a Ph.D. in electrical engineering and founding a company that stemmed from his research in wireless, vital sign monitoring.
Shahin speaks to how Lux spearheaded investments in science and deep tech when most venture capitalists were interested in adtech, cloud, and SaaS.
He shares the mistakes he made and lessons learned along the way, such as that time and money are grossly underrepresented when bringing a product to market and how important it is to build out a company, not just the technology. He also discusses the common mistakes investors make when “placing bets” on general themes and why Lux’s strategy is to identify amazing talent and let that talent drive you. He says, “We tend to find new investment themes at the fringes of our existing companies.”
Shahin gives advice for founders with backgrounds rooted in science or technical founders on the transition to becoming a CEO as the company grows and matures, and when it makes sense to help recruit a CEO that has the skills to take the company to the next level.
Lastly, he speaks to what it was like being a teenager in Iran and how it shaped his worldview.