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E79: Inside Deep Tech VC: Founders, Moats & The AI Question

What does it really take to fund the future?

In this episode of Perception Paradox, Zivile talks with Andrius Milinavicius and Erik Bhullar from BSV Ventures, just after their latest Portfolio Day. Together, they explore the realities of investing in deep tech, where science meets grit — and founders walk the line between vision and burnout.

🧠 You’ll hear:
Why BSV backs missionaries, not mercenaries
The risks and rewards of building with a scientific edge
AI’s role in innovation — and its ethical blind spots
What most people get wrong about startup life
Why curiosity, rest, and improvisation are underrated founder tools

It’s a raw, insightful conversation for anyone building something bold — or backing those who do.

BSV invest in early-stage R&D-focused individuals and teams solving complex technical challenges with large potential for commercial application.

🎙️Hosted by Zivile Einikyte: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.perceptionparadox.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠
LinkedIn⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.linkedin.com/in/zivileeinikyte/⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠
🎵 Music by Luca Nioi: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠http://www.lucanioi.com/⁠⁠⁠⁠⁠⁠⁠⁠

Chapters
00:00 Introduction and Context of the Conversation
03:56 Portfolio Day Insights and Company Synergies
07:04 Investment Strategy and Filtering Applications
09:57 Deep Tech and Its Future
13:13 The Importance of Founders and Work-Life Balance
16:07 Navigating Uncertainty in Startups
19:07 The Role of AI and Ethical Considerations
21:59 Final Thoughts and Reflections on Summer

Discussion about this video