Eclipse's Lior Susan on $12.5B AUM and the Bet on Physical Industries

Podcast: Sourcery · Sourcery with Molly O'Shea

Opublikowano: 2026-09-21

Eclipse spent 8 years investing in manufacturing, space, semiconductors, defense & mining while the rest of Silicon Valley funded SaaS. Lior Susan says the math was never close. Lior Susan is the Founder & CEO of Eclipse, the Palo Alto firm he started in 2015 with a $125M debut fund alongside Pierre Lamond, who was 85 at the time & had already spent a career at Fairchild Semiconductor under Gordon Moore, co-founded National Semiconductor, & put in 27 years as a GP at Sequoia Capital. Lamond is 96 now and still mentors the team. "We never thought ourselves as venture capital. We call it o...