Lemnos Labs

“I think it's about making sure that you really narrow your scope for your first product, because if 90% of your product works in its hardware, you have nothing.”

“And hardware, the stack for a hardware company is shorter than it's ever been. And so that's why I think it's a great time to start a robotics company, because it's hard enough that it's defensible, but easy enough for a startup to do.”

“All of those things conspire to make the cost of starting a robotics company a fraction of what it used to be.”

“The two things that I don't think are really that you can't bet on that will get better are locomotion and manipulation. So if your robot needs to drive around, you can't assume that, oh, like three years from now, my motors will cost a lot less.”

“Whereas if you have LIDARs in your robot today, You can assume that they're going to drop five X in price in the next three years.”

“I think that two years ago, the ecosystem was in a place where you could go raise a big A or small B on like kind of hype and, you know, good team and like that, the idea that there was going to be a market there. But right now, you know, we're seeing a very m…”

“And there's dozens of incredible hardware companies here, but they just don't have kind of the mindshare that I think some of the social media companies do.”

“The reality is, is that they just want to invest in great businesses, and if you can convince them that this is a scalable, venture-backed business, they'll look at anything.”

“I think the best robotics companies started today will have like a singular use case where the ROI is obvious and apparent.”