Mitch Lee
Co-founder & CEO, Arc Boats. On 2 shows, 2 appearances. The Shows tab opens the full record on each.
founderexecutiveengineer@dontmitch ↗LinkedIn ↗arcboats.com ↗
Mitch Lee is the co-founder and CEO of Arc Boats, a startup designing and manufacturing high-performance, all-electric craft and commercial vessels. Before founding Arc in 2021, he studied mechanical engineering and economics at Northwestern University and founded the personal finance app Penny, which was acquired by Credit Karma.
2shows
2appearances
16statements
6resolved
3supported
1contradicted
50%fully supported
3said about them ↓ Everything Mitch Lee said on any show that made the record, most notable first. Each card names its show and opens the statement there.
Electric boat startups face execution risk, not tech risk, thanks to EVs
“There's also not a lot of technology risk in what we're doing because the automotive industry has existed for the past 10 years and like has been plowing money into electrification and high voltage power electronics and battery supply chains for 10 plus years …”
Traditional boat builders lack software and electrical engineers to integrate components
“What that naturally means is that the industry has evolved in a way where most people are buying most components off the shelf, and that means none of them are integrated. You have your Garmin display, you have JL speakers, you have, like all of these things a…”
Next-generation boaters will be banned from using gas boats on waterways
“I think something that some people don't necessarily think about is the next generation of boaters will not be allowed to use gas boats on our lakes and rivers.”
Transitioning to electric boats offers a larger UX upgrade than electric cars
“Again, in going from gas to electric, it's not a gas car to electric car. Like, it's a gas leaf blower to an electric leaf blower. The percent improvement in the experience is dramatically better.”
Arc's electric boats produce over twice the torque of premium gas boats
“We've got over twice the torque of even the most premium boats out there, and we size up our propeller, which is, you kind of think of it like the tire for boats. It, it's what allows you to transfer power into the water. We have a bigger propeller so that we …”
Arc Boats delivered its first electric boat with under $20M deployed
“We brought our first product to market with less than twenty million dollars deployed, like delivered it to a customer.”
Gas-powered boats are an absolute nightmare to own
“Gas boats are so much fun to be on and an absolute nightmare to own. And awful for the environment, particularly when it comes to not just air pollution, but water and noise pollution.”
Recreational boats consume more fuel per mile than fully loaded semi-trucks
“Recreational boats use more gallons per mile than a fully loaded semi-truck. A fully loaded semi-truck might get six to eight miles to the gallon. A boat gets one to two.”
Arc One electric boat features 220 kWh battery capacity
“The ARC-I has Two battery packs totaling 220 kilowatt hours of battery capacity, which for reference is well over twice the size of any car that you'd find on, on the market today, like a Model S or Model X. It's identical to what you put in a full-size school…”
Fast charging is unnecessary for compelling electric boating experiences
“You don't necessarily need fast charging to exist in order to have a compelling electric boating experience.”
An electric boat battery can power an average home for a week
“That's an opportunity to Provide power back to your house. So again, not necessarily at the grid level, but that is a tremendous amount of battery capacity that could power your house for a week without you doing any sort of finagling of electric loads.”
The Arc One electric boat operates more quietly than a sailboat
“We'll, we'll take an arc one out into a marina and we'll pass a sailboat and the sailboat will be louder than our boat.”
Arc Boats builds massive custom 226 kWh battery packs in-house
“We do that by building our own battery packs in-house. They're giant battery packs, 226 kilowatt hours, so, you know, the size of multiple electric sedans put together.”
Arc Boats reached its first customer delivery in 24 months
“We went zero to first boat on the water in about three months at ARC. We went zero to first customer delivery in about 24 months, and our next products are on an even faster timeline.”
Automotive R&D investments enabled the marine industry to electrify
“We have really benefited from hundreds of billions of dollars that have gone into research and development in the auto industry and the supply chains and the, you know, battery technology that's powering the auto industry that has suddenly enabled us to go tac…”
The other half of the tape: Mitch Lee's own voice is left out of every number here. Other people bring the name up 3 times in 1 episode across the shows. every mention, with the transcript →
Who brings them up most Grant Gregory 1
Every mention by year
tap a year for its mentions
the a16z Podcast 3
2023 3 mentions in 1 episode
One line per show, most statements first. The link opens Mitch's full record on that show: the calibration, argument clarity, speaking style and every statement made there.
| Show | Role there | Eps | Statements | Record | |
|---|---|---|---|---|---|
| a16zLEDGER | Co-founder & CEO, Arc Boats | 1 | 9 | 0% 0/3 | full record on the a16z Podcast → |
 SOURCERYLEDGER | Co-founder & CEO, Arc Boats | 1 | 7 | 100% 3/3 | full record on Sourcery → |