Jamie Gull's reputation is built on specific stories, like personally deciding at age 24 to split the tail on what became Stratolaunch at Scaled Composites, a design choice that held up through a roughly $100 million development process and flew a decade later, and like being one of Boom Supersonic's earliest backers, investing before YC and even helping with the company's first hire. He also has a distinct way of evaluating deep-tech companies, sitting down with founders in spreadsheets to work through cost, weight, and performance tradeoffs, pushing them to build government funding into their plans early rather than as an afterthought, and explaining bets like K2 Space through how falling launch costs are changing satellite design, all while holding a private pilot license and a parachuting license himself.
About their Fund
Wave Function
Wave Function is led by a solo general partner whose background spans Stanford aerospace training, work on Falcon 9 reentry technology at SpaceX, two of his own deep-tech startups, and government contracting experience, giving him direct judgment on whether hardware plans are realistic; he applies this by investing as early as pre-incorporation, defining deep tech narrowly as hardware rather than software, avoiding unproven lab experiments in favor of technology that is already doable but needs strong execution, and looking for hidden government or defense customers and non-dilutive funding paths in nearly every company he backs. He also argues that hardware can now cost less to build than a top software team in the Bay Area, and applies a SpaceX-style culture of fast iteration and high individual responsibility to how he invests and works with founders.
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