Brett Adcock

15 statements across 3 episodes · 6 bullish · 4 bearish · 2 people on the record · first statement May 23, 2023 by Brett Adcock · said 10 times in 7 episodes since 2023 · across every show →

On the record as a speaker too: Brett Adcock's record, appearances and statements → this page counts the times other people say the name.

Mentions by year

brought up most by Alex Lieberman (7), Jesse Pujji (3)

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2024 1 mention in 1 episode
2023 9 mentions in 6 episodes 2 per episode

every mention, scene by scene, with the transcript →

Everything said about Brett Adcock, oldest first

May 23, 2023
Insight
Hardware operates on clear physical rules unlike unpredictable software marketplaces
“Like, there's, like, there's physics in hardware. It's, like, there's rules that we can follow that are either right or wrong, and in software marketplaces, it's not, right?”
Brett Adcock May 23, 2023 ▶ 7:05 Building Technology With Infinite Scale
May 23, 2023 positive
Disclosure
Figure employs 50 people and completed its full humanoid system
“We're, like, we're about a year in now. We're 50 people, and I think I just showed you before we started, but we're, our full humanoid system came together, like, last night.”
Brett Adcock May 23, 2023 ▶ 32:01 Building Technology With Infinite Scale
May 23, 2023 bearish
Insight
Special-purpose robots will never reach high volumes or scale AI
“And then the problem there is you're building one product for one application. That application will never be done. A product will never be manufactured in high volumes, which is hard for cost. And you're never really going to build an AI data engine on one pr…”
Brett Adcock May 23, 2023 ▶ 35:17 Building Technology With Infinite Scale
May 23, 2023
Disclosure
Vettery's acquisition netted Brett Adcock over $20 million after tax
“I think roughly about, I think it's about a little over twenty million after tax, so like thirty million or so like that.”
Brett Adcock May 23, 2023 ▶ 20:07 Building Technology With Infinite Scale
May 23, 2023
Insight
Entrepreneurs need personal capital and credibility before entering hardware
“I think there's some, like escape velocity needed for any entrepreneur to get into hardware. I think that's just, like, really tough.”
Brett Adcock May 23, 2023 ▶ 5:05 Building Technology With Infinite Scale
May 23, 2023 bullish
Disclosure
Figure aims for human-speed robot performance by the end of 2023
“We actually have a full warehouse built in our lab here, and we want to do full end-to-end human speed performance of the robot by end of year.”
Brett Adcock May 23, 2023 ▶ 36:48 Building Technology With Infinite Scale
May 23, 2023 neutral
Disclosure
Brett Adcock avoided podcasts for 10 years to focus on building
“I haven't done any of these for 10 years, mostly because like I feel like every minute I spin on a podcast is a minute I could spin back into the business. So I feel, I just feel a little guilty taking time off a bit.”
Brett Adcock May 23, 2023 ▶ 2:01 Building Technology With Infinite Scale
May 23, 2023 positive
Prediction Not checkable as stated
Humanoid robots will not displace labor near-term due to massive shortages
“I think in like the near and medium case, we're really not going to be displacing that much labor. I think what we're seeing every day we're walking into a warehouse or manufacturing a retail scenario, they have a tremendous amount of unemployment. The turnove…”
Brett Adcock May 23, 2023 ▶ 37:48 Building Technology With Infinite Scale
Nov 6, 2023 positive
Assertion Supported
Lieberman: Brett Adcock Invested First Exit Proceeds Into Archer and $100M Into Figure
“Like I think of like Brett, Brett Adcock, who took all of the money from his first exit put it into his second company, which was an electric vertical takeoff and landing business called Archer. Then he took a hundred million dollars from that business and put…”
Alex Lieberman Nov 6, 2023 ▶ 18:04 How To Find Great Business Ideas Using Effectuation
Nov 20, 2023 positive
Disclosure
Adcock: Figure and Archer Used 10-to-1 Supermajority Founder Voting Stock
“What I've done at Figures here is I have a special class of stock, and I had this work at Archer that is super majority. So my stock is has a 10 for one vote versus the common and preferred. And that's sitting in the special share class of common stock.”
Brett Adcock Nov 20, 2023 ▶ 20:19 Avoiding an OpenAI Fiasco by Successfully Building Your Board
Nov 20, 2023 negative
Disclosure
Adcock: Retooling Archer's Board for NYSE Independence Rules Was a Mistake
“I took my company public on the New York Stock Exchange. You have to have the majority of all your board seats be independent. So I had to basically retool my whole entire board at Archer when I went public. And it was a, you know, I made like a, basically loo…”
Brett Adcock Nov 20, 2023 ▶ 16:27 Avoiding an OpenAI Fiasco by Successfully Building Your Board
Nov 20, 2023 negative
Insight
Adcock: Hidden Contract Clauses Can Strip Fired Founders of Voting Rights
“Basically like, you know, like layman's terms, if you get fired, you lose, you can basically lose your common votes for governance purposes. These are kind of hidden in your transaction agreements. So the investor rights agreements, right at first refusal, co-…”
Brett Adcock Nov 20, 2023 ▶ 36:41 Avoiding an OpenAI Fiasco by Successfully Building Your Board
Nov 20, 2023 bullish
Prediction Open · timeframe Nov 2028
Adcock: A Board Coup Will Never Happen to Altman or Me Again
“Like this will never happen to Sam ever again. This problem that we're talking about here will never happen to me going forward again.”
Brett Adcock Nov 20, 2023 ▶ 28:44 Avoiding an OpenAI Fiasco by Successfully Building Your Board
Nov 20, 2023 negative
Insight
Adcock: Truly Vetting Board Behavior Requires a Ten-Plus Year Relationship
“I think if you haven't had a relationship with somebody for like 10 plus years, you're never really going to truly understand how they're going to behave in certain instances on a board like this, to be really frank.”
Brett Adcock Nov 20, 2023 ▶ 25:38 Avoiding an OpenAI Fiasco by Successfully Building Your Board
Nov 20, 2023 neutral
Disclosure
Adcock: Figure's Initial Board Gave Him Control of Three Seats
“When I set up the business, like here at figure, like I set up basically three seats. For myself. So two for common shareholders, which I'm a majority of the common. So the common get to vote on two seats. I'm the majority of that being the, you know, the foun…”
Brett Adcock Nov 20, 2023 ▶ 11:05 Avoiding an OpenAI Fiasco by Successfully Building Your Board
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