Sir James Dyson describes the academic performance of students attending the Dyson Institute of Engineering and Technology.
Assertion Not checkable as stated
Dyson: VCs rejected him because they would not fund an engineer
“I went to venture capitalists and the people, I suppose, who ought to have lent the money, but they wouldn't, because they said, we're not lending it to an engineer.”
Insight
Dyson: Competing on price is flawed compared to performance and durability
“Everything was sold on discount and price. And I thought that was wrong. I think, you know, that, that's well, it, it's boring for a start if it's, if you're looking at his price rather than looking at specification and how things perform. And I think performa…”
Insight
Dyson: Technology capabilities determine new product categories, not business decisions
“It's always usually the technology that, Decides that we should go into a certain product area. It's not a business decision.”
Insight
Dyson: Small-scale EV startups pay 30% to 50% more per component
“If you're a new manufacturer starting up small scale, you're paying 30 to 50% more for each component than an established manufacturer. So even, even your specification might not be better, it's going to cost you 30 or 50% more, and you can't survive doing tha…”
Insight
Dyson: Innovation teams need far more naivety than experience
“You need that mixture, but you need a lot more of the naivety and very little of the experience. If you have too many experienced people, the sort of general mood is one of doing things in the ordinary expected way.”
Insight
Dyson: Product development requires making only one change at a time
“And when you develop something, you only make one change at a time. It's not a question of brilliance. Oh, I wonder if this complete thing would work. A, it doesn't. And B, you don't know why it doesn't work.”