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Jack Abraham
Founder, Managing Partner & CEO at Atomic
Jack Abraham is a prominent American entrepreneur and investor, known for his role as the co-founder and managing partner of Atomic, a startup studio and venture capital firm. Born on February 23, 1986, he began his career at a young age, working at Comscore, a marketing analytics company co-founded by his father. He later attended the Wharton School but dropped out to pursue entrepreneurial ventures, including founding Milo.com, which was later acquired by eBay, where he served as Head of Local.
Abraham has co-founded over a dozen companies, including Hims & Hers, which quickly reached a billion-dollar valuation, and OpenStore. He is also an early investor in several successful tech companies such as Pinterest, Postmates, and Uber. His work has earned him recognition, including being named one of Fast Company's "100 Most Creative People in Business" and making Forbes' "30 Under 30" list twice.
In addition to his business ventures, Abraham is involved with the Thiel Fellowship and has recently been associated with Sauron, a company focused on innovative solar technology aimed at powering AI and data centers more efficiently.1234
Highlights
Exowatt launches today! ☀️
The power requirements to scale AI are astronomical. Within a decade AI will require 650TWh of new power generation – more than the electricity demand of South Korea. In the U.S. alone, data centers will require the equivalent amount of electricity to power 40 million households by 2030.
Exowatt P3s can generate electricity at scale at just a $0.04 LCOE and with entirely renewable tech. That’s lower than the cost of most fossil fuels and doesn’t account for subsidies. We have already amassed a 1.2 GW backlog, worth $Bs from the mega tech hyperscalers, energy and data center companies.
The system works by capturing the sun’s energy in the form of heat, storing it in a heat battery and converting it to electricity via a heat engine even when the sun is no longer out. This changes the economics of solar by solving a problem called the “Duck Curve” where all conventional solar producers are forced to sell their power at the same time while at maximum output, driving the electricity cost sometimes to zero or negative intraday and leaving no supply at night. Data centers need to operate 24/7 and typically have 60% of their OPEX from energy costs, so an inexpensive and ever available alternative is very important to them. Data centers are straining to bring capacity online and without solutions like Exowatt, are being forced to turn to fossil fuels like coal, oil and natural gas.
We hope you’ll join us in pushing forward an abundant and non fossil fuel powered future!⚡️
Excited to announce Exowatt, backed with $20M from Sam Altman, A16Z & Atomic!
We invented a new solar technology that can power the future of AI & data centers at lower electricity costs than fossil fuels with significant deployments coming this year.
