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Hello everyone and welcome to At Barron's. I'm Andy Surwer and welcome to our guest, Josh Woolf,

venture capitalist co-founder and managing partner of Lux Capital. Josh, welcome, great to see you.

Andy, great to be with you.

So first off, maybe give us a thumbnail sketch

of Luck Capital.

What do you guys do there?

Oh, we invest in people who are inventing the future.

And we do high tech venture.

So about a third of what we do is healthcare.

That's like robotic surgery, med devices, biotech, healthcare IT.

Another third is aerospace defense, pretty cutting-edge things in air, land, sea space, and cyber, pretty much every domain.

Manufacturing, industrial.

And then the final third is what we would generally call core technology, which is more defined by like what we don't do. So very little that most VCs might do in internet and social media and mobile and

advertising and video games. We don't really touch that. And we do more sophisticated things like

cutting edge semiconductors and edge inference chips and non-invasive brain machine interfaces and things

that sometimes seem like they're sort of closing

the gap between sci-fi and sci-fact. Yeah, I want to ask about what you exclude just quickly

...