Some news from inside the build. Carlos Austin has joined the True Photonic board, and he is leading the development of True Photonic Ventures.
Carlos comes out of advisory. He's a graduate of Wharton and Columbia Law, and he began his legal career at Cleary Gottlieb Steen & Hamilton — one of the premier firms in the world — where he specialized in sovereign finance, mergers and acquisitions, and international privatizations.
Read that list again, because it's the reason he's the right person for this seat. Sovereign finance and privatizations are the work of standing up new entities and moving assets between states, institutions, and private hands. That is structurally what TPV does: it takes a validated switch and builds the vehicles that carry it into sectors, licensed verticals, and — where we're working with governments — whole national programs. The reports in this room map twelve industries that get rebuilt on light. TPV is how the building actually gets financed and structured.
I've spent forty years learning that you can have the physics right and still lose if the wrong people are carrying it. The switch was the hard part on the bench. Getting it into the world is a different discipline, and it's Carlos's.
Welcome aboard.
— Derek