Matic co-founder Mehul Nariyawala reflects on the launch of Microsoft Kinect and consumer gesture-control hardware around 2010.
Assertion Not checkable as stated
Nariyawala: Matic is the only shipping consumer robotics company in the US
“For all practical purposes, we are the only consumer robotics company that is shipping in the United States, and ironically, the largest consumer robotics company in the United States.”
Prediction Not checkable as stated
Nariyawala: Viable Home Humanoid Robots Are at Least 5 to 10 Years Away
“So let's assume that the complexity of your humanoid, which is much more complex than self-driving car, it can be sort of a shrunk or can be countered by speed and computes and improvement in algorithm. Even then, you're probably looking at five years, maybe 1…”
Assertion Not checkable as stated
Nariyawala: Sutter Hill Ventures Has Returned 35% IRR Annually Since 1963
“They were become, they became evergreen fund in 1978. And since 1963, they've returned 35% IRR every year.”
Assertion Not checkable as stated
Nariyawala: Tesla Is the Only Profitable EV Maker and Dealerships Would Destroy It
“And if you look at electric cars as an industry, no one except Tesla makes money on electric cars. And Tesla's margin is about 17%. So if Tesla was going through dealership, even they wouldn't make money.”
Disclosure
Nariyawala: Matic founders decided on day one never to sell the company
“Whatever we do next, we are not gonna sell it. So not for sale. And then we pasted it up there. So that was the idea that this is the last job. This isn't something we're never gonna sell.”
Assertion Partly supported
Nariyawala: Robotic vacuum category grew 16% YoY with negative-one NPS
“Yet category was growing 16% year over a year, which means there was a more demand. Category net promoter score is literally negative one even today, so no one really likes their disc robots, no one really recommends them, yet people keep buying theirs, so nee…”