LG

“LG's got sort of twenty-five billion investing in the U.S. Supply chains 1.4 billion on that ESS factory.”

“Ultimately, you know, they took a bet on Tesla on our team on the energy side and it ended up paying off for them when they ended up getting an opportunity to participate with the vehicle business in China and vehicle business in other places.”

“We jointly create the business. LG creates our own business, which we call ourselves a NewCo or CMBU, and startups become part of it, becomes the integral part of the business. So when it go to the big customers, we don't just go to go there as a startup. We g…”

“We have a healthcare company we just spun out about three months ago, which is called Prime Focus. That was the first company we developed and established through this process that we just mentioned.”

“LG, you know, LG Umbrella, there are about 64 companies. It changes every year plus minus, but there are about 64 companies, including, including LG Chemical you know, LG Energy Solutions, and all these things. Even, they even have a telco in Korea. There are …”

“Our job, my job, is to create six fifths and six sixth of those multi-billion dollar companies that are very different from the composition of LG that they have right now. Okay. Much more software focused, much more service oriented businesses.”

“LG has been doing this for a very long time. They're one of the most established battery makers in the world. They had to do a 1.9 billion dollar recall on the Chevy Bolt with GM in 2021.”

“Seldom is a big two day, three day event with, you know, such a complex agenda in digital mode is the right thing to do. Unless you are, you know, something like an LG or Adobe, right, where you have such a wide audience across time zones that it means somethi…”

“So we have had LG do this recently and there was a sales loft also. They did one in Atlanta and then they did like a version of their Event virtually. And they did, they had their speakers come in and answer questions.”

“LG is using our platform and there are some production.”

“One of my unfair advantages in starting Formation Eight was that my early partner, his family built LG in Korea. His father gave us fifty million dollars as an anchor. I was able to raise with my network most of the remaining four hundred forty million dollars…”

“Three D TVs, as we all know, failed completely. Two, three years ago, every stand had lots of curved TVs. Now, curved TVs have totally disappeared, except for a vast display of on the outside of LG's stand, and gaming monitors.”

“God, that means that all of these companies are gonna have to make all of those parts, and there are only two companies that can do that, which is Samsung and LG.”

“As a concrete example of that, UBS tore down a 2017 Chevy Bolt and found that a full 56% of the cost of the Bolt is going to LG”