Category thesis
medium conviction 4 technologiesQuantum Technologies
Quantum technologies are five years from commercial computing utility but post-quantum cryptography migration is an urgent near-term requirement; the investment timeline and technical reality are misaligned.
The thesis
Category overview
Quantum computing has genuine technical progress (Google Quantum Echoes 13,000x speedup, IonQ $130M revenue) but commercial utility remains 5+ years away. The hardware race is fragmenting across 5 architectures with no clear winner. Post-quantum cryptography migration is the urgent near-term opportunity ($10-50B market). Quantum error correction is the gating milestone.
Technologies tracked
4 totalThe rest is inside
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