In this episode, Amir Bormand sits down with Kieran Furlong, CEO and co-founder of Realta Fusion, to explore the unique path of a deep tech startup spun out of a university lab. They discuss building a fusion energy company, navigating complex stakeholder relationships with universities and government agencies, and keeping long-term mission-driven teams aligned. From licensing technology to managing a decade-long development cycle, this conversation reveals how Realta Fusion is working to change the world’s energy future.

🔑 Key Takeaways:

Deep tech startups require a different VC playbook: Realta Fusion operates on a decade-long roadmap that demands alignment with investors willing to play the long game.

University spinouts bring both opportunity and friction: Leveraging academic research can be powerful but navigating bureaucracy and IP licensing adds layers of complexity.

Mission-driven leadership is essential: With long timelines and uncertain outcomes, Kieran keeps his team focused through a relentless reminder of their shared purpose—commercial fusion energy.

Energy abundance as a global equalizer: Fusion isn’t just a tech challenge—it’s a moral imperative to bring energy equity to the planet’s future 10 billion people.

🕒 Timestamped Highlights:

00:25 – Intro to Kieran Furlong and Realta Fusion's mission

01:35 – Why Realta is a venture capital outlier: long timelines and deep capital

03:46 – Spinning out of the University of Wisconsin and working with federal energy programs

05:55 – Startup vs university culture clashes and how to navigate them

08:07 – The race to meet fusion milestones by 2035

11:53 – Diplomacy in energy: balancing federal, academic, and private sector dynamics

14:53 – The global case for fusion: climate, equity, and energy abundance

16:05 – How to lead scientists toward a commercial goal without losing curiosity

18:29 – Licensing tech the right way: aligning incentives for long-term success

21:00 – Where to follow Realta Fusion and get involved

💬 Quote:

“You still want the creativity and curiosity of scientists—but you need to keep one eye on the destination: commercial fusion energy.” – Kieran Furlong