Hadrian

“Hadrian's got like 70% gross margins and they're growing in the top three percent of all SaaS companies”

“And to do the amount of hiring, scaling, and execution that we need to do is like, 40% chance it works, 60% we're having this conversation in like 18 months, and like, company, company no longer works.”

“The best engineers, frankly, just want two things. One is like three things. Work with other fantastic engineers. Work on really hard engineering problems that actually create business value and then have as few product managers as humanly possible.”

“Many operationally heavy companies fail at this at scale because they end up having 2000 employees and 500 software engineers in their operations team and a bunch of product managers in the middle where You scope something out. It takes nine months to build it…”

“And we are never going to be like fully, fully automated. Cause like Tesla tried to do this. SpaceX tried to do this. It's just like a bad idea. Cause you build this inflexible system. It's just super brittle.”

“Everyone at Adrian bar a handful are like fully onsite. Writing software on the factory floor hand in hand with operations.”

“The off switch can't be digital. And sometimes the best solution is just put an eight-bit drill through a hard drive.”

“From a workforce and training piece, we can train and onboard them in 20 to 30 days from their Home Depot, their bus driver, literally any background.”

“The only way to produce that is that you run a manufacturing company with a vertically integrated software and robotics team so that you actually build the right product.”

“90% of our people now that we recruit have never set foot inside a factory.”

“We're a capex-heavy business. So we like to spend debt instead of venture dollars on factory equipment.”

“We just raised another two hundred sixty million dollars equity and factory financing. So Founders Fund and Lux led the round. So a hundred and ten million in new equity dollars as well as new investors like Altimeter.”

“Our factory in LA, which is about a 100,000 square foot we basically filled it in a year from all that customer growth.”

“So we're the only company that's actually generating labeled data that you can then train models around for advanced manufacturing in the US.”

“So actually we were done and closed within the round from starting to pitch to term sheets being signed or a deal done within, I think three weeks.”

“I don't think there's going to be more SpaceX's. I don't think there's going to be more Andrews, you know, of like new defense primes or neo primes, and I don't think there's going to be more than a handful of large industrials companies.”

“The second thing is, I think it'll generate a bunch of great acquisitions for us. If any of them grow too fast in the category that we're going to enter, we have this phrase internally, which is we're either going to scoop them up, or we're going to bonk them.”

“I would say we're serving currently the vast majority of hardware startups through our product for Atlas”

“The whole company I think we're probably up to the 500 range which is good, but we're actually incredibly capital efficient so we have most of the prior round from the Series B still left in the bank”

“So we're launching factory three in Arizona, which will be up and running in Christmas. We're in July, we signed the lease a couple of weeks ago, so it'll take us six months from start to finish to have it up and running, which I think is really fast.”

“When we launched, ah, like the factory to all of our customers in January, we basically 10 X revenue in four quarters last year.”

“Our current ones look like data centers, the ones that we're going to launch for whole products look more like, you know, Tesla Model Three Gigafactory.”

“And we also raised the rest of that two hundred sixty million dollars is factory financing from Morgan Stanley, which we're very appreciative of.”

“You know, we want to be close to a billion in top line by, like, 20, like, 20, 27.”

“We're gonna have visions and demos of the future from Sean Sankar from Palantir, Chris Power from Hadrian Jake from Gecko Lisa from AMD. We'll have Secretary Burgum speaking Secretary Rubio and a bunch of other secretaries speaking as well, which will be reall…”

“So, I'm excited about everything from Planet Labs that does commercial satellite imagery, to Neros, the drone company, to Hadrian that's doing AI manufacturing.”