This is the most technical episode we've ever done. Listen anyway.

Yes, there are acronyms. Yes, you'll learn what a chiplet is. Worth it.

But here's what you'll actually get: one of the best founder conversations we've recorded. Not because of the tech—but because of the humanity inside the tech.

Last year, Syenta had six weeks of cash left. No term sheets. The technology her team was building? The world's biggest semiconductor manufacturers said it was impossible. Two weeks later, she had four offers on the table. Now she's backed by the US government, Singapore, and Arizona.

What changed? Not the tech. The story.

"When you're trying to do something inauthentic—that is not your DNA as a founder—you're not gonna raise money," Jeka says. "Lately I haven't been selling at all. I've been just talking to people about what we do."

This episode is about falling in love with a problem so completely you move across the world to solve it. It's about building a team that burns the boats. It's about sharing your vulnerable vision before you feel ready. It's about being proud to be a tall poppy when Australian culture tells you to shrink.

The semiconductor stuff? It's actually fascinating once Jeka explains it. (AI chips sit idle 40% of the time because the wiring can't keep up. Her tech fixes that. Potential impact: 1% of global emissions saved.)

But even if you skip every technical detail, you'll walk away with lessons about fundraising in brutal markets, building culture through failure-sharing rituals, and going straight to the top instead of pushing from the bottom.

We've included a glossary in the episode description if you want it. You probably won't need it.

Most founders wait for perfect conditions. Not Adam Gilmour. He started Gilmour Space before Australia even had a space agency.

On July 30, that bet paid off. Australia's first launch permit. Fourteen seconds of flight. Right in the middle of the pack globally - SpaceX took four attempts to reach orbit.

Those 14 seconds proved everything that mattered: cleared ranges, ground systems working, hold-down claws releasing 45 tons of thrust flawlessly. Stage zero validated. And a month earlier? A 100kg satellite reached orbit, found in under 8 hours instead of the expected 2 weeks, still working 130+ days later.

"For a satellite company, that would've been massive," Adam says. "But we're a rocket company, so no one gives a shit."

Adam knew the regulations would change. He knew government support would come. "We took the risk first. Then government comes. I knew they would come." He started building anyway: 240 people in Queensland doing rockets, satellites, and hypersonics that foreign investors "cannot believe."

This episode takes you inside launch day: the orchestra of mission control, time vanishing in the final countdown, the moment Eris leapt off the pad. Adam talks about why he's building satellite buses to fix broken market economics, the path to dual-listing on the ASX and US exchanges, and going around the moon in 10 years.

If you're building deep tech from Australia and wondering whether to wait for perfect conditions, Adam's already answered that question.

"Stay tuned. Smoke and fire."

Most robotics companies die trying to build their first product. Alex Wyatt spent seven years building the platform so the second product took seven weeks.

When August Robotics launched their exhibition robot in November 2019, it blew up - standing ovation, early revenue, real momentum. Then COVID hit. Exhibitions banned globally for 23 months. Zero revenue. Total cliff.

But under that first robot was something almost no robotics company ever builds: a platform: autonomous navigation accurate to 3mm, custom localisation, fleet coordination, modular architecture. The long, painful, expensive work that many startups can't survive.

Then it paid off.

→ Seven weeks from concept to prototype for their drilling robot

→ Google as their first demo and customer

→ 50,000 holes drilled across US data centres

→ DeWalt partnership unlocking entire tool ecosystems

→ More robots spinning out in months, not years

Alex is also opening an AI and data centre in Melbourne, choosing to build the next layer of August's platform from Australia, not just Silicon Valley or Shenzhen.

This episode breaks down the real hardware platform playbook: robot collaboration that collapses workflows, de-risking with hyperscaler customers, and why the "third way" of robotics creates network effects in physical space. Alex also talks about surviving 23 months of zero revenue, going from Blackbird LP to portfolio founder, and why he waited a decade for the timing to actually be right.

If you're building hardware from Australia, fundraising deep tech, or wondering when long-horizon bets actually flip into growth - this is the one.