Everything Austin Russell said on any show that made the record, most notable first. Each card names its show and opens the statement there.
Russell: Tesla's vision system fails to stop for child crash dummies
“Like, literally, if you put, like, a, you know, a crash dummy right in front of the car like a child pedestrian crash dummy, like, it doesn't come to a safe stop, like, at a reasonable speed.”
Elon Musk falsely brands assisted driving systems as fully autonomous
“I think a lot of the friction of why it's been so controversial in terms of what he's saying is because he's calling an assisted driving system and autonomous driving system.”
Russell: Luminar can be a trillion-dollar company integrated into every car
“It's this kind of thing where, you know, you have this outcome of where it's, like, very, very clear in your head, like, how we're gonna execute on these programs, how, you know, we'll see Luminar in every car, how, you know, it can be a trillion dollar compan…”
Russell: LiDAR is fundamentally required to prevent accidents and enable autonomy
“If you want to be able to prevent accidents and do autonomous, right, this is not an optional system. This is something that's fundamentally required to be able to prevent accidents.”
Camera-only driver assistance systems fail basic crash dummy stopping tests
“Reality is it is great to see some improvements for some basic level of assisted driving capabilities, but it doesn't solve some of the fundamentals of what you need to do to prevent accidents. Like literally, if you put a crash dummy right in front of the car…”
Russell: Fully driverless cars are still decades away, not years
“Oh, oh, it will. It will. It's just like decades, you know, it's not like, you know, next year, you know, it's just there's a different kind of timescale for these things.”
Russell: Luminar targets up to $60B in booked business by 2030
“Our target is to be as much as a sixty billion by the end of the decade.”
Russell: Luminar has more contract value than all competitors combined
“I think, you know, we have more contract value than probably every other autonomous vehicle in, in Lidar company in, in the industry and world combined, you know, at this point in terms of like, actually materializing into, you know, production vehicles that h…”
Austin Russell predicts widespread deployment of driverless cars is decades away
“Oh, oh, it will. It's just, like, decades, you know, it's not, like, next year, you know?”
Russell: Conquering hardware, semiconductors, and automotive creates a massive moat
“Most venture capitalists will tell you never to do because you'll just never succeed at building something or working in that world or field, even independently, much less together. But then once you're in and once you're able to do it, it's incredibly valuabl…”
Russell: Luminar is experiencing a dramatic undervaluation in the public markets
“I think, you know, I'll say this, like, even, even right now, we're going through, like, one phase of that cycle, you know, where you have this, like, dramatic undervaluation of the business, and that's the kind of thing, of course, there's opportunities and o…”
Russell: LiDAR safety technology will follow seatbelts into universal regulatory adoption
“You know, you take the Volvo case of, you know, being the first to introduce the modern three-point seatbelt. What, that was like, 1958, 1959, you know, something that ultimately, Obviously got adopted across the broader industry and ultimately became a regula…”
Russell: Highways are far more practical than urban environments for autonomy
“Urban environments are very, very challenging because there's so many variables, so many things you can throw at it. Highways makes a ton of sense.”
Russell: Autonomous vehicle and LiDAR startups notoriously hype products prematurely
“A lot of startups, like, way too early on, they focus on, like, trying to build some image or, you know, generating a splash or whatever it may be before they kind of get ahead of the product before it really even exists. Many autonomous vehicle or other LiDAR…”
Russell: Luminar holds multi-billion dollar contract across Mercedes-Benz lineup
“I think, yeah, it was public that we yeah, we have a multi-billion contract, a multi-billion dollar contract with them there too, that goes across their vehicle lineup.”
The tech industry dramatically underestimated the difficulty of replacing human drivers
“People just dramatically underestimated how difficult it really is to truly replace a driver and how difficult it is to enable autonomous driving like capabilities.”
Untrue claims damage the autonomous vehicle industry's credibility
“There's just all these, like, insane bombastic claims that people make in the autonomous vehicle industry that are just straight up not true. And I think the hard part is, is that it can reduce the credibility of a lot of companies and people.”
Russell: I watched four years of optics lectures in under a month
“Like, you know, if you look at these online lectures that, you know, were previously only available to graduate students, these programs, you know, you can now, I think in less than a month, I watched like all four years worth of lectures, you know, on the sub…”
Russell: Developing new technologies in universities forfeits IP ownership
“The other hard part also is that, you know, with universities, it's like when you develop new technologies at universities, if you do it in that environment, like they own your IP, you know, you don't like. Just get to do your thing and, ah, you know, keep it …”
Russell: Media focuses on founders like Neumann and Holmes over successes
“When you look at you know, kind of coverage for businesses, as you're saying, or the movies or TV shows that you're highlighting, you take a look at all the ones that have been created around entrepreneurs and it's almost always either some kind of like extrem…”
Russell: Thiel Fellowship's true value is its network, not the $100k
“The reality is, is that a 100,000 dollars in the corporate context is like, It doesn't get you very far. It's basically, it's like almost nothing. So, you know yeah, maybe, maybe pay some rent you know, in, in, in the Bay Area at least, you know. So the realit…”
Russell: Luminar focuses on highway autonomy and safety, not robotaxis
“That's not what the business model is fundamentally dependent on. It's more around improving safety and enabling autonomy, sort of more constrained scenarios like highways, you know, that are realistic. So that's really where we're working closely with automak…”
Russell: Mercedes is first to achieve Level 3 autonomy certification
“Mercedes taking leadership from an autonomous driving standpoint. They're the first ahead of anyone to be able to get, for example, like the level three certification you know, for autonomous driving.”
Russell: Automakers have spent billions integrating Luminar LiDAR
“Automakers from around the world have been lining up and collaborating with us for years, spending billions of dollars to adopt and integrate this technology across their vehicle lineups”