Lemnos Labs
fund on 1 show · 9 statements across 1 episodes · said 1 times in 1 episodes since 2018
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9 statements about Lemnos Labs, every show
Hardware startups must narrow scope because 90 percent functionality is completely useless
“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.”
Series B hardware investors now demand proven revenue rather than hype
“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…”
Series A and B investors will back hardware if the business scales
“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.”
Social media companies unfairly dominate mindshare over Silicon Valley's hardware firms
“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 best new robotics startups focus on a single obvious ROI
“I think the best robotics companies started today will have like a singular use case where the ROI is obvious and apparent.”
LIDAR sensor prices will drop fivefold between 2017 and 2020
“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.”
Robotics startups cannot bet on locomotion and motor costs dropping rapidly
“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.”
Shorter hardware stacks make robotics accessible yet defensible for startups
“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.”