hardware

“I know that we're now less likely to do anything in e-commerce or hardware because these, it's less capital efficient than software companies.”

“So really hardware is this really great Trojan horse to get software into places that it can't currently exist.”

“The press loves to call attention to, I think these sort of sexy, cool trends things like crowdfunding and three printing and that kind of stuff, which I actually, I think is actually a very small part of the story.”

“They're not really strong thesis around, you know, hardware being transformed. And it's, you know, it's now this software enabled experience and the economics of manufacturing are significantly different than they were 20 years ago. There's very few VCs that a…”

“So we think of hardware as that kind of, that wedge into trying and going and beating these big guys.”

“It's just, you're talking about physical devices, and if you don't have the right hood over your over your manufacturing line, you have too much dust that settles into the devices, and all of a sudden you manufacture a thousand devices that are totally invalid…”

“In, in hardware, what's challenging is you have all these different teams on very different cadences. Ultimately, you know, there's specific milestones, whether it's a new feature launch or a new product launch or a new retailer launch where you have all these…”

“We won't invest in something that relies just on margin alone. From our perspective, that's not a venture scalable business.”

“We started building our hardware team and doing the vertical integration started day one. And what it enabled us to do is in the last 12 months or so that we released Four major versions of the vehicles, and one generation after generation that we improve on t…”

“Neural networks had a bad name cause the hardware wasn't good enough.”

“The reason this whole field is working so well is because Now we have this magic hardware that's great at these dense matrix multiplications. And so you can do them like orders of magnitude faster than you can do anything that involves poking around in memory.”

“So if you want to build trillion dollar businesses, hardware works.”

“A little bit of that is because you get, you know, maybe like a two X benefit price performance from hardware every generation. Like if you're lucky but you get a much bigger improvement price performance wise from. All of the things that you're doing in the s…”

“I'll go hardware. I think if you take a hardware company out to market, the people, investors, immediate response is, oh, that's really hard. But the paradox about venture capital is you need it to be difficult to be valuable. You need to be contrarian and rig…”

“So if you are the incumbent, you have an advantage because people are designing their models for your hardware. It doesn't even matter if there's a better architecture out there. It's not going to run well, so it's not a better architecture.”