For the last 30 years, software created many of the world's biggest fortunes.

But according to Wave Function Ventures Partner and former SpaceX engineer Jamie Gull, that era is changing.

In this conversation, we explore why AI is making software easier to replicate, why physical infrastructure is becoming the world's biggest bottleneck, and why the next generation of trillion-dollar companies may come from energy, manufacturing, robotics, space, and industrial technology.

We also dive into what Jamie learned during SpaceX's early years, how he evaluates founders today, why Los Angeles is becoming a global center for hard-tech startups, and the biggest investment opportunities most people still overlook.

If you're interested in the future of technology, venture capital, AI, or where the next decade of innovation is heading, this episode is for you.