Mike Burton
Founder, Lockstop · 2 appearances on the record.
computed by AI from the episodes · how this works → · full disclaimer →
25statements → 15claims → 5claims resolved → 60%fully supported → 3.92/5average certainty → 1.72/5average debate potential →
3 supported 1 partly supported 1 contradicted 3 not yet assessed 7 not checkable as stated how the 15 claims stand · each chip opens the sources
5 predictions · 10 assertions · 1 insight · 9 disclosures · every statement was checked. The predictions and assertions are the 15 claims: statements the public record can support or contradict. 5 are resolved, 3 are not yet assessed, and 7 name no date, number or outcome precise enough to check. Everything else (opinions, insights, what ifs, disclosures) can never be settled by the record, so it carries no assessment.
The record, in short
What the tape says about how Mike argues and how the claims held up. Everything they said, and everything said about them, is in the tabs below.
Their most notable supported claim
Burton: Lockstop gets two months of battery life on a self-contained unit
“This is entirely standalone. It has its own battery in there. We do GSM connectivity. All of that is self-contained in this device, and we use a lo-fi Bluetooth chip that allows us to get two months of battery right now, and we're adding a solar trickle charge…”
How they sound: not measured why? →
We measure speaking style by listening to the audio itself, and a fair number needs at least 2,000 words from one person on tape we have measured. There is too little of Mike Burton on measured tape to publish a rate. This says nothing about how they speak.
Everything Mike Burton said on the Pitch that made the record, most notable first. Filter by type, assessment or year in the ledger →
Burton: Lockstop Devices Generate $750 Annually From Data Monetization
“So each device generates about 750 dollars a year on its own.”
Burton: Lockstop Enforces a Strict $100,000 Minimum Check Size
“I absolutely hate to say this, especially on YouTube, but we've left the 50 K checks on the table, so we don't allow any investments under a hundred K.”
Lockstop: Competitors Cost 5 to 100 Times More and Require Heavy Infrastructure
“But those existing solutions that are out there, like Uni and Bike Keep, cost five to a hundred times the cost of a lock stop device. They require infrastructure and a lot of space allocation.”
Burton: Lockstop expects to break even within 24 months
“In 24 months is when we expect to hit our break-even point, and so that 1.5 takes us all the way to that position where we're generating our own revenue and we're floating our own boat.”
Burton: Physical Municipal Hardware Is Hard to Disrupt Once Installed
“Anything that's hard to do is hard to disrupt. And there's a lot of SaaS and AI going on in the market right now, and for us, it's like, once we have a hardware component there, it's very difficult to remove, just because the city doesn't want to have to make …”
Burton: Lockstop charges cities a one-time fee per device and provides monthly data
“So now we charge the cities, Because what we're able to do with the cities, Jesse, is they install these devices, and now they get access to those mobility insights that don't exist anywhere else. So we sell into the city, each individual device, we do a one-t…”
Burton: Lockstop charges cities $750 upfront per device in year one
“Yeah, so year one, we charge cities 750, and then we scale up to 1200 per individual device as we get further along.”
Burton: Lockstop will lower hardware cost to ~$300 per device next year
“And we have another device that we're designing right now, an aluminum cast, that will take that cost and cut it By 70%, and so next year will be about 300 dollars a device.”
Burton: Recovered Stolen Bikes Lack Owner Identification
“Because a large majority of stolen bikes are recovered. They just have no way to associate them with an owner.”
Mike Burton: Lockstop targets expansion to 291 cities in five years
“We're projecting in five years our goal is to hit 291 cities that have pretty developed infrastructure, or they have infrastructure that can develop pretty rapidly.”
Mike Burton: Lockstop projects $60 million in revenue in five years
“Five years what we're projecting right now is sixty million.”
Burton: Lockstop has gotten a yes from every door pitched
“We've not gone into one door that we haven't walked out with a yes.”
Lockstop raises $50K angel check with $300K-$400K in sight
“So we've taken an additional 50 K and we have a line of sight from two separate investors right now, a 150 to 200 a piece.”
Burton: Half of US Daily Car Trips Are Under Two Miles
“The billion car trips that we take in the United States each day, half of those are within two miles of their destinations, and cities are trying to figure out how to solve this problem.”
Lockstop Founder: Two Partners Secured and Two More Finalizing Deployments
“But for us in the last 90 days since we finished up our MVP, we've already secured two partners and then we have two others that are selecting their deployment dates and the locations for each one of these lock stops.”
Burton: Lockstop gets two months of battery life on a self-contained unit
“This is entirely standalone. It has its own battery in there. We do GSM connectivity. All of that is self-contained in this device, and we use a lo-fi Bluetooth chip that allows us to get two months of battery right now, and we're adding a solar trickle charge…”
Burton: Municipalities pay between $5k and $20k for trip counters
“And then we realized our cities are already paying between five to 20,000 dollars for trip counters.”
Burton: Lockstop produces devices in Arkansas in eight weeks under $600
“So it takes us eight weeks to manufacture right now, but here's the fun thing, is it's small batch manufacturing in northwest Arkansas right now. So we small batch manufactured this device for under 600 dollars”
Lockstop: Initial contracts cover 25 devices across two cities
“Right now the two cities that we're working with and will be installing is a hundred K, a hundred, 125 K right around that park. And then the individual contracts right now are for the 25 devices with the expectation of scale once the data proofs out.”
Burton: Only half of bike thefts are reported and 5% returned
“Only half of bike thefts are actually reported. Because only five percent of those bikes were returned.”
Burton: Lockstop's chain takes 65 seconds to cut through
“So it'll take us a 65 seconds to cut through the lock, or the chain, rather.”
Appearances (2)
| Episode | Date | Speaking time |
|---|---|---|
| Season 13 Finale: Who Needs VC Anyway? | Jun 25, 2025 | 6m |
| Bike Theft is a $1B Crisis—Watch This Founder’s $1.5M VC Pitch | Mar 5, 2025 | 22m |