Joseph Krause shares his journey from leaving a PhD program to diving into entrepreneurship, drawing on lessons from his military service. He discusses his transition to Alley Corp and insights into venture capital, emphasizing the importance of convincing investors about the potential of material science. Joseph delves into building a successful company culture, leveraging AI, and identifying target customers. He outlines strategies for scrappy startup recruiting and raising $70M in funding. The conversation covers traits of successful entrepreneurs, handling failure, and running towards goals. Joseph offers advice for aspiring entrepreneurs, reflecting on discipline, maintaining focus, and embracing unsolved problems.