Lloyd Armbrust, founder of Armbrust American, compares the cost of importing masks during the COVID-19 pandemic against the cost of building domestic manufacturing infrastructure.
0:00 / 0:07exact quote · 7.5s
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“That for five million in investment, I could build the capability of making a billion masks, and then we would have that forever.”
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More from Lloyd Armbrust
Insight
Armbrust: Traditional VC forces startups to pretend they are billion-dollar companies
“In the way that traditional VC works, as you well know, is that you know, you're kind of always pretending you're going to be a billion dollar company. You have to, the problem is not every company is meant to be a billion dollar company.”
Lloyd ArmbrustJan 30, 2021▶ 5:37SaaS CEO Launches PPE Factory, $10m Sales of Surgical Masks, American Made
Disclosure
Armbrust structured financing as machine payback converting to a lifetime royalty
“What I did was I created a royalty based model. Where it is, it's structured as a note that is paid back as the machine makes money. And then once the investor hits their one X of payment back, then it flips into a royalty agreement where they make money for t…”
Lloyd ArmbrustJan 30, 2021▶ 6:24SaaS CEO Launches PPE Factory, $10m Sales of Surgical Masks, American Made
PredictionNot checkable as stated
Armbrust predicts manufacturing is the last industry technology will eat alive
“I really think that ironically, manufacturing is, is the last area that technology is going to eat alive.”
Lloyd ArmbrustJan 30, 2021▶ 13:21SaaS CEO Launches PPE Factory, $10m Sales of Surgical Masks, American Made
Opinion
Armbrust: Private equity roll-ups destroy newspaper value by cutting local talent
“The problem with some private equity I feel like they're really gutting the value that the newspapers have in the in their local markets by eliminating a lot of the local talent.”
Lloyd ArmbrustApr 6, 2019▶ 18:191351 Why OwnLocal CEO Turned Down $17m Offer to Keep Helping Newspapers Digitize
AssertionNot publicly verifiable
Armbrust: Sam Altman organized effort to import 1B masks at $0.38 each
“I remember Sam Altman put out you know, a call to buy a billion masks from China at 38 cents a piece because it was really hard to get masks.”
Lloyd ArmbrustJan 30, 2021▶ 3:43SaaS CEO Launches PPE Factory, $10m Sales of Surgical Masks, American Made
AssertionNot checkable as stated
Armbrust: Armbrust American generated over $10M revenue in six months in 2020
“It was just over ten million dollars in about six months of time.”
Lloyd ArmbrustJan 30, 2021▶ 8:02SaaS CEO Launches PPE Factory, $10m Sales of Surgical Masks, American Made
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