Hard Tech Startups

“This blank slate, idealistic, we're going to vertically integrate is like, I think almost naive in a way. Like, vertical, vertical integration is not easy.”

“So, yeah, I think there's gonna be some tough reconciliation that happens, you know, over the course of the next year or two, where it's, like, there's gonna be, like, you know, 50 to 60% of this field that's just gonna have to die off or get acquired for penn…”

“So basically they sold it before they made it, and this is a very generalizable technique that a lot of hard tech companies use in one form or another.”