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Related same-day story in Wired. You only get this kind of coverage if you have a solid PR/marketing team. The kind of team that $900 million can buy you. http

Related same-day story in Wired. You only get this kind of coverage if you have a solid PR/marketing team. The kind of team that $900 million can buy you. https://www.wired.com/story/plaintext-pacific-fusion-eric-lander/ https://www.wired.com/story/plaintext-pacific-fusion-eric-la...

PeterCorless 2y ago
“For these next years, leading up to the early 2030s, the goal is to get, for the first time, a single pulse where you get more energy out than you put in,” says Will Regan, Pacific Fusion’s president and an ARPA-E veteran. “As we're doing that, we're looking at a lot of the commercial issues, like getting costs down.” — imagine having $900 million and you don't need to show any positive results for nearly a decade.
- PeterCorless 2y ago
  Mind you, I understand the challenges such an incredible scientific breakthrough as fusion requires. Which is why traditionally such work was funded by national governments. It just goes to show how unique this is for any sort of scientific research or venture capital models.
- vlovich123 2y ago
  They aren't getting the $900M up-front. > Taneja proposed that investors commit a sum to be paid over time, with tranches released only if Pacific Fusion reaches certain milestones. “The team was a little skeptical at first,” he says of the Pacific Fusion people. “But it became clear that that structure resonated, because everybody takes early-stage risk in these really capital-intense, long-duration moonshots.”
dang 2y ago
Yes, maybe it's best if we change to that from https://www.generalcatalyst.com/stories/our-investment-in-pacific-fusion https://www.generalcatalyst.com/stories/our-investment-in-pa.... Thanks! The best third-party article tends to be preferable to a corporate press release on HN (https://hn.algolia.com/?dateRange=all&page=0&prefix=true&sort=byDate&type=comment&query=corporate%20press%20release%20by:dang https://hn.algolia.com/?dateRange=all&page=0&prefix=true&sor...), though interested readers may want to look at both.
- PeterCorless 2y ago
  It's definitely a breathtaking announcement for those of us old enough to remember when we were promised living in a fusion-powered future since the 1960s.
- djysrv 2y ago
  Not a press release https://neutronbytes.com/2024/10/27/pacific-fusion-scores-900-million-in-series-a-funding/ https://neutronbytes.com/2024/10/27/pacific-fusion-scores-90...

PeterCorless 2y ago

“For these next years, leading up to the early 2030s, the goal is to get, for the first time, a single pulse where you get more energy out than you put in,” says Will Regan, Pacific Fusion’s president and an ARPA-E veteran. “As we're doing that, we're looking at a lot of the commercial issues, like getting costs down.” — imagine having $900 million and you don't need to show any positive results for nearly a decade.

PeterCorless 2y ago
Mind you, I understand the challenges such an incredible scientific breakthrough as fusion requires. Which is why traditionally such work was funded by national governments. It just goes to show how unique this is for any sort of scientific research or venture capital models.
vlovich123 2y ago
They aren't getting the $900M up-front. > Taneja proposed that investors commit a sum to be paid over time, with tranches released only if Pacific Fusion reaches certain milestones. “The team was a little skeptical at first,” he says of the Pacific Fusion people. “But it became clear that that structure resonated, because everybody takes early-stage risk in these really capital-intense, long-duration moonshots.”

dang 2y ago

Yes, maybe it's best if we change to that from https://www.generalcatalyst.com/stories/our-investment-in-pacific-fusion https://www.generalcatalyst.com/stories/our-investment-in-pa.... Thanks! The best third-party article tends to be preferable to a corporate press release on HN (https://hn.algolia.com/?dateRange=all&page=0&prefix=true&sort=byDate&type=comment&query=corporate%20press%20release%20by:dang https://hn.algolia.com/?dateRange=all&page=0&prefix=true&sor...), though interested readers may want to look at both.

PeterCorless 2y ago
It's definitely a breathtaking announcement for those of us old enough to remember when we were promised living in a fusion-powered future since the 1960s.
djysrv 2y ago
Not a press release https://neutronbytes.com/2024/10/27/pacific-fusion-scores-900-million-in-series-a-funding/ https://neutronbytes.com/2024/10/27/pacific-fusion-scores-90...