Flex

company on 7 shows · 7 statements across 1 episodes · said 44 times in 8 episodes since 2015

A Product Market Fit Show 31 the Y Combinator Startup Podcast 5 American Optimist 1 Sourcery 1 How I Built This 1 All-In 1 20VC 1

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A Product Market Fit Show 31the Y Combinator Startup Podcast 520VC 1How I Built This 1American Optimist 1All-In 1Sourcery 1

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2024 31 mentions in 1 episode
2023 1 mention in 1 episode
2021 1 mention in 1 episode
2017 5 mentions in 1 episode
2015 1 mention in 1 episode

every mention on every show, scene by scene, with the transcript →

7 statements about Flex, every show

PRODUCT MARKET FIT Assertion Contradicted
Flex's Zhuhai manufacturing campus in China employed 80,000 people
“I flew to Juhai one of the largest facilities of Flex. In China, there's about 80,000 people on that campus, just to give you a sense.”
Lior Susan Nov 4, 2024 ▶ 7:01 His robotics startup raised $400M, his VC fund over $4B—& he ran both at the same time. Here's ho... · PMF Show
Susan: Bright Machines was carved out of Flex in 2017
“I left in beginning of 2015 to start Eclipse, and then in 2017 came back to Mike and the Flex boards and say, hey, I want to carve out that team to a new company that I will create it called Bright Machines, and that was the birth of Bright Machines.”
Lior Susan Nov 4, 2024 ▶ 8:13 His robotics startup raised $400M, his VC fund over $4B—& he ran both at the same time. Here's ho... · PMF Show
Susan: Large enterprises will not let two-person startups touch mass production
“If you are going to start with two guys in a presentation, none of the largest companies in the world is going to let you touch their mass production product. So actually, if you want to create the transformation, you almost need to have a certain scale out of…”
Lior Susan Nov 4, 2024 ▶ 17:31 His robotics startup raised $400M, his VC fund over $4B—& he ran both at the same time. Here's ho... · PMF Show
PRODUCT MARKET FIT Assertion Supported
Susan: Bright Machines secured tens of millions in annual revenue from Flex
“We actually got, I think we did a really good job understanding that we needs Flex to provide us a couple of a low tens of millions of dollars in revenue every year for the next couple of years so we can just focus on them rather than go out and trying to sell…”
Lior Susan Nov 4, 2024 ▶ 19:56 His robotics startup raised $400M, his VC fund over $4B—& he ran both at the same time. Here's ho... · PMF Show
Bright Machines agreed to un-scoped revenue commitments across Flex factories
“We almost agreed that we will partner an X amount of dollars, and then during the year we will identify through an SOW, what will be the specific needs of each of their factories. They have 200 factories around the world.”
Lior Susan Nov 4, 2024 ▶ 22:24 His robotics startup raised $400M, his VC fund over $4B—& he ran both at the same time. Here's ho... · PMF Show
Bright Machines' Flex partnership struggled after CEO Mike McNamara departed
“And it works amazing in the first three years, and then Mike left. It got much harder with the new leadership, nothing about those people, but it's more like, I did not have the same trust I had with Mike, but yes, you a thousand percent right. It was pure tru…”
Lior Susan Nov 4, 2024 ▶ 23:13 His robotics startup raised $400M, his VC fund over $4B—& he ran both at the same time. Here's ho... · PMF Show
PRODUCT MARKET FIT Assertion Supported
Flex's $30 billion scale made Bright Machines' startup equity financially immaterial
“And remember, it's a thirty billion dollar revenue company. They don't care what the equity is going to be worse. It's anyhow below the line for them.”
Lior Susan Nov 4, 2024 ▶ 23:52 His robotics startup raised $400M, his VC fund over $4B—& he ran both at the same time. Here's ho... · PMF Show

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