Deeptech Decoded
PodcastNewsletterGuestsMoments
SubscribeLogin
Deeptech Decoded
PodcastNewsletterGuestsMoments
SubscribeLogin
HomeGuestsJamie Gull
Assil HalimiGraeme Harrison
Jamie Gull

Jamie Gull

Founder & Solo GP at Wave Function Ventures

Backing deep tech hardware at pre-seed

Wave Function Ventures

Wave Function Ventures

Founder & Solo GP

Visit

About

Solo GP of Wave Function Ventures, a $15M deep tech fund backing hardware founders at the earliest stage, sometimes pre-incorporation, across aerospace, defense, energy, robotics and infrastructure.[1]Wave Function Ventures (PR Newswire)Announcing Wave Function Ventures' $15M Fund I to Back Deep Tech FoundersPress release, Oct 3, 2025[2]Wave Function VenturesCompany websiteCompany Fund I reached its final close in October 2025 with nine investments made.[1]Wave Function Ventures (PR Newswire)Announcing Wave Function Ventures' $15M Fund I to Back Deep Tech FoundersPress release, Oct 3, 2025 At SpaceX he was the responsible engineer on the Falcon 9 aft thermal shield, the part that made the first hypersonic reentry of an orbital rocket, and first-stage reuse, possible.[3]Y CombinatorTalyn Air company profile and founder biosYC[4]Deeptech DecodedJamie Gull on the Falcon 9 aft thermal shield (24:15)Episode Before that he designed aircraft at Scaled Composites, including early sizing on Stratolaunch.[3]Y CombinatorTalyn Air company profile and founder biosYC[5]Deeptech DecodedJamie Gull on joining Scaled Composites and working on Stratolaunch (08:33)Episode He co-founded Talyn Air (YC W20), an electric VTOL cargo aircraft that reaches fixed-wing range by being caught mid-air by a winged drone, and sold it to Ampaire in 2023.[3]Y CombinatorTalyn Air company profile and founder biosYC[6]Ampaire (via Airframer)Ampaire acquires Talyn Air, expanding reach into defense, drone and eVTOL segmentsPress release, Jul 20, 2023

Episodes

  • Why Pure Software Is Uninvestable: The SpaceX & YC Way to Build Hardware | Jamie Gull DD #12

    Jul 31, 20261h 36m
    Watch + transcriptYouTubeSpotifyApple Podcasts

The reasoning layer

Decoded before it's obvious.

Newsletter

DD14 • Why Pure Software Is Uninvestable | Jamie Gull (ex-SpaceX, YC Founder, Solo GP)

DD14 • Why Pure Software Is Uninvestable | Jamie Gull (ex-SpaceX, YC Founder, Solo GP)

He zip-tied GoPros into Falcon 9's reentry system. The same instinct now decides which hardware bets he backs.

SubstackAug 3, 2026

FAQ

Jamie Gull is the founder and solo general partner of Wave Function Ventures, an early-stage deep tech fund for hardware founders.[1]Wave Function Ventures (PR Newswire)Announcing Wave Function Ventures' $15M Fund I to Back Deep Tech FoundersPress release, Oct 3, 2025 He was an engineer at Scaled Composites and SpaceX, and co-founded Talyn Air, which Ampaire acquired in 2023.[3]Y CombinatorTalyn Air company profile and founder biosYC[6]Ampaire (via Airframer)Ampaire acquires Talyn Air, expanding reach into defense, drone and eVTOL segmentsPress release, Jul 20, 2023

A deep tech fund that invests at the earliest stages, sometimes pre-incorporation, in aerospace, defense, energy, robotics and infrastructure.[1]Wave Function Ventures (PR Newswire)Announcing Wave Function Ventures' $15M Fund I to Back Deep Tech FoundersPress release, Oct 3, 2025[2]Wave Function VenturesCompany websiteCompany It announced the final close of its $15M Fund I on 3 October 2025, nine investments in.[1]Wave Function Ventures (PR Newswire)Announcing Wave Function Ventures' $15M Fund I to Back Deep Tech FoundersPress release, Oct 3, 2025 Its LPs are founders, engineers and high-net-worth individuals, plus funds of funds and large family offices.[1]Wave Function Ventures (PR Newswire)Announcing Wave Function Ventures' $15M Fund I to Back Deep Tech FoundersPress release, Oct 3, 2025

He was the responsible engineer on the Falcon 9 aft thermal shield, the hardware at the base of the booster that enabled the first hypersonic reentry of an orbital rocket and the reuse of its first stage.[3]Y CombinatorTalyn Air company profile and founder biosYC[4]Deeptech DecodedJamie Gull on the Falcon 9 aft thermal shield (24:15)Episode

He joined as a design engineer, did the early sizing work on the aircraft that became Stratolaunch, and was one of the first three or four engineers on a 5,000 lb optionally manned aircraft.[3]Y CombinatorTalyn Air company profile and founder biosYC[5]Deeptech DecodedJamie Gull on joining Scaled Composites and working on Stratolaunch (08:33)Episode[7]Deeptech DecodedJamie Gull on starting as one of three or four engineers (10:42)Episode

The eVTOL company he co-founded with Evan Mucasey and took through Y Combinator's Winter 2020 batch.[3]Y CombinatorTalyn Air company profile and founder biosYC[8]Deeptech DecodedJamie Gull on Talyn, Y Combinator and the 2023 exit (34:25)Episode Talyn built long-range electric VTOL cargo aircraft: an electric fixed-wing aircraft caught mid-air by a custom winged drone, so it takes off and lands vertically without giving up fixed-wing range.[3]Y CombinatorTalyn Air company profile and founder biosYC Ampaire acquired it in 2023.[6]Ampaire (via Airframer)Ampaire acquires Talyn Air, expanding reach into defense, drone and eVTOL segmentsPress release, Jul 20, 2023[8]Deeptech DecodedJamie Gull on Talyn, Y Combinator and the 2023 exit (34:25)Episode

Deep tech hardware at pre-seed and seed, occasionally before a company is incorporated.[1]Wave Function Ventures (PR Newswire)Announcing Wave Function Ventures' $15M Fund I to Back Deep Tech FoundersPress release, Oct 3, 2025 The fund's sectors are aerospace, defense, energy, robotics and infrastructure.[1]Wave Function Ventures (PR Newswire)Announcing Wave Function Ventures' $15M Fund I to Back Deep Tech FoundersPress release, Oct 3, 2025[2]Wave Function VenturesCompany websiteCompany[9]Deeptech DecodedJamie Gull on investing only in hardware (37:20)Episode

In this episode

  • 7:01Turning down Boeing to design airplanes at Scaled Composites
  • 16:15What being the responsible engineer at SpaceX meant
  • 24:15Building the Falcon 9 aft thermal shield for reentry
  • 31:54His first angel check: Boom Supersonic
  • 34:25From space deployables to Talyn, YC and an exit
  • 37:20Why he invests in hardware and skips software for hardware
  • 46:28What he looks for in hardware founders
  • 1:23:59Why space data centers do not math out for him

References

Company and YC

  1. Wave Function Ventures (PR Newswire), Announcing Wave Function Ventures' $15M Fund I to Back Deep Tech Founders (Oct 3, 2025)Accessed Oct 23, 2026↩abcdefgh
  2. Wave Function Ventures, Company websiteAccessed Oct 23, 2026↩abc
  3. Y Combinator, Talyn Air company profile and founder biosAccessed Oct 23, 2026↩abcdefgh
  4. Ampaire (via Airframer), Ampaire acquires Talyn Air, expanding reach into defense, drone and eVTOL segments (Jul 20, 2023)Accessed Oct 23, 2026↩abc

Episode

  1. Jamie Gull on the Falcon 9 aft thermal shield (24:15)↩ab
  2. Jamie Gull on joining Scaled Composites and working on Stratolaunch (08:33)↩ab
  3. Jamie Gull on starting as one of three or four engineers (10:42)↩
  4. Jamie Gull on Talyn, Y Combinator and the 2023 exit (34:25)↩ab
  5. Jamie Gull on investing only in hardware (37:20)↩

Last updated Oct 23, 2026

Assil HalimiGraeme Harrison

Watch the episode

Jul 31, 20261h 36m
Watch + transcript
YouTubeSpotifyApple
Wave Function Ventures

Wave Function Ventures

Founder & Solo GP

On this page

  • About
  • Episodes
  • FAQ
  • References
  • Moments

Moments

  • 7:01

    Turning down Boeing to design airplanes at Scaled Composites

  • 16:15

    What being the responsible engineer at SpaceX meant

  • 24:15

    Building the Falcon 9 aft thermal shield for reentry

  • 31:54

    His first angel check: Boom Supersonic

  • 34:25

    From space deployables to Talyn, YC and an exit

  • 37:20

    Why he invests in hardware and skips software for hardware

See all 8 moments

More Guests

View all
Advaith SridharY Combinator batch P26

Advaith Sridhar

Founder at Discovered Materials

Matija MilenovicY Combinator batch S26

Matija Milenovic

Co-Founder & CEO at Hop Aero

Assil HalimiY Combinator batch P26

Assil Halimi

Co-founder & CEO at Apollo Atomics

Graeme Harrison

Graeme Harrison

Partner at Augur VC & Simply Silicon

Pull up a chair.

Reason out loud with us.

Listen NowRead Now

Noise-canceling insights from the deeptech AI frontier

Explore

  • Podcast
  • Newsletter
  • Guests
  • Contact

Listen

  • YouTube
  • Spotify
  • Apple Podcasts
  • Newsletter
© 2026 Deeptech Decoded. All rights reserved.
PodcastNewsletterGuestsMoments