Naeem Zafar, CEO of TeleSense, explains how the grain-monitoring IoT company drives down hardware manufacturing costs.
0:00 / 0:09exact quote · 9.1s
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“If you design your own own module, when you don't buy the module, you buy the chips. You, right now, you go from a hundred dollars to a 10 dollar version.”
quote is from the automated transcript, cleaned for reading:
filler sounds and stutters are removed, nothing is rephrased. names can be misheard
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More from Naeem Zafar
Insight
Zafar: Market timing matters more for startup success than team or idea
“So if I learned anything, your timing has to be right. Doesn't matter. You have the right team, right idea. Doesn't work.”
Naeem ZafarOct 4, 2019▶ 1:241532 His Hardware + Software Will Reduce Grain Spoilage by 30-50%
AssertionSupported
Zafar's 1998 startup invented the fingerprint sensor tech now powering iPhones
“We invented the fingerprint sensor chip. In 1998, we had it built into the laptop in 19 early. So today that technology and my team work for Apple is in all iPhones.”
Naeem ZafarOct 4, 2019▶ 1:311532 His Hardware + Software Will Reduce Grain Spoilage by 30-50%
AssertionNot checkable as stated
Zafar: TeleSense decreases grain spoilage by 30% to 50%
“30 to 50%, and this again will get better as more predictive analytics, more AI gets into the product.”
Naeem ZafarOct 4, 2019▶ 4:071532 His Hardware + Software Will Reduce Grain Spoilage by 30-50%
AssertionContradicted
Zafar: TeleSense is First to Bring AI and Wireless Sensors to Grain
“So we decided to apply that to the grain industry and we are sort of the first one to get there.”
Naeem ZafarMay 12, 2020▶ 1:451753 "IoT AgTech Device Hits $1m Software Run Rate and $1.2m in Hardware Sales. Can He Get $60m Valuation? "
Insight
Enterprise Grain Buyers Have the Same Sales Cycle as Small Farmers
“Going after the much larger customers, because we found out the sales cycle is about the same. Might as well focus on the large enterprise customers.”
Naeem ZafarMay 12, 2020▶ 10:091753 "IoT AgTech Device Hits $1m Software Run Rate and $1.2m in Hardware Sales. Can He Get $60m Valuation? "
PredictionNot checkable as stated
Zafar: TeleSense will break a $1M software run rate before Christmas 2020
“We'll break it before Christmas.”
Naeem ZafarMay 12, 2020▶ 12:321753 "IoT AgTech Device Hits $1m Software Run Rate and $1.2m in Hardware Sales. Can He Get $60m Valuation? "
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