Joab Rosenberg, partner at Deep33, a new $100–150M venture fund focused on the future of compute, is interviewed by Yuval Boger. They discuss the current state of quantum computing, why Joab expects commercial applications within a few years, and where venture capital can realistically capture value. The conversation covers hardware-first investing, quantum algorithms and applications, capital intensity, geopolitics, and the growing role of deep tech in venture investing.