Density

9 statements across 1 episodes · 6 bullish · 0 bearish · 1 people on the record · first statement Sep 7, 2018 by Andrew Farah · said 20 times in 3 episodes since 2018 · across every show →

Mentions by year

brought up most by Harry Stebbings (17), Andrew Farah (3)

every mention, scene by scene, with the transcript →

Everything said about Density, oldest first

Sep 7, 2018 positive
Assertion Not checkable as stated
Ludlow's Jonathan Triest introduced Density to leads in all three rounds
“Jonathan is a close friend and someone, he's one of our earliest investors, and he has introduced us to the lead of every round we've done, and we've done three.”
Andrew Farah Sep 7, 2018 ▶ 6:07 20VC: The Mindset The Best Investors Assume When Assessing Opportunities, Why So Many Hardware Startups Fail Today & The Right Way To Think About Employee Retention with Andrew Farah, Founder & CEO @ Density
Sep 7, 2018 positive
Assertion Supported
Density maintained 100% voluntary employee retention over its first four years
“We have a hundred percent retention since our founding four years ago, We've never voluntarily lost anyone.”
Andrew Farah Sep 7, 2018 ▶ 14:31 20VC: The Mindset The Best Investors Assume When Assessing Opportunities, Why So Many Hardware Startups Fail Today & The Right Way To Think About Employee Retention with Andrew Farah, Founder & CEO @ Density
Sep 7, 2018 bullish
Prediction Not checkable as stated
Real-time foot-traffic data will replace fixed transit schedules
“Architects won't have to guess at what rooms to build, and interior designers won't have to argue about whether or not a particular asset got used, and trains won't run on time schedules. They'll run on actual Predictable demand based on foot traffic.”
Andrew Farah Sep 7, 2018 ▶ 25:17 20VC: The Mindset The Best Investors Assume When Assessing Opportunities, Why So Many Hardware Startups Fail Today & The Right Way To Think About Employee Retention with Andrew Farah, Founder & CEO @ Density
Sep 7, 2018 bullish
Prediction Not checkable as stated
Density's sensors could eliminate security tailgating without using cameras
“We can eliminate tailgating. I mean, I'm not entirely sure that that's true, but I think we might be able to eliminate tailgating. And when I say tailgating, I mean, like, two people go into a secure facility through a door and only one badge is in.”
Andrew Farah Sep 7, 2018 ▶ 26:06 20VC: The Mindset The Best Investors Assume When Assessing Opportunities, Why So Many Hardware Startups Fail Today & The Right Way To Think About Employee Retention with Andrew Farah, Founder & CEO @ Density
Sep 7, 2018
Insight
Distribution strategy drives 80% of a company's success
“I think that like 80% of all great companies behind 80% of a company's success is, is typically a really interesting distribution strategy. Sometimes that's a viral method. Sometimes that's a big deal with IBM and in Microsoft's very early days. Sometimes that…”
Andrew Farah Sep 7, 2018 ▶ 16:54 20VC: The Mindset The Best Investors Assume When Assessing Opportunities, Why So Many Hardware Startups Fail Today & The Right Way To Think About Employee Retention with Andrew Farah, Founder & CEO @ Density
Sep 7, 2018 positive
Insight
The best VCs assume a founder's premise to evaluate upside potential
“The best venture capitalists I've ever spoken to assume your premise and then ask, okay, what could happen if you were right? And you spend 45 minutes talking about that portion of the idea and not 45 minutes justifying your existence.”
Andrew Farah Sep 7, 2018 ▶ 23:32 20VC: The Mindset The Best Investors Assume When Assessing Opportunities, Why So Many Hardware Startups Fail Today & The Right Way To Think About Employee Retention with Andrew Farah, Founder & CEO @ Density
Sep 7, 2018
Disclosure
Density retains hardware ownership and charges solely for data access
“Well, we don't sell the hardware. We sell only access to the data. In fact, we retain responsibility for the hardware itself, so that if a customer no longer needs that door, or if the device breaks for some reason, or if the technology improves for being able…”
Andrew Farah Sep 7, 2018 ▶ 21:55 20VC: The Mindset The Best Investors Assume When Assessing Opportunities, Why So Many Hardware Startups Fail Today & The Right Way To Think About Employee Retention with Andrew Farah, Founder & CEO @ Density
Sep 7, 2018
Assertion Not checkable as stated
Density was the seventh side project of Farah's software consultancy
“Anytime we had excess profits or additional cash, we would put it into side projects, and Density was the seventh.”
Andrew Farah Sep 7, 2018 ▶ 4:02 20VC: The Mindset The Best Investors Assume When Assessing Opportunities, Why So Many Hardware Startups Fail Today & The Right Way To Think About Employee Retention with Andrew Farah, Founder & CEO @ Density
Sep 7, 2018 positive
Assertion Not checkable as stated
Density averages 45 days to hire versus tech industry average of 75
“The tech industry's averages is 75 days. I think we average about 45 days”
Andrew Farah Sep 7, 2018 ▶ 9:44 20VC: The Mindset The Best Investors Assume When Assessing Opportunities, Why So Many Hardware Startups Fail Today & The Right Way To Think About Employee Retention with Andrew Farah, Founder & CEO @ Density
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