20VC: Why Core AI Is Largely A Bunch of Nifty Tricks, Why Consumer Electronics Is The Hardest Thing To Do In Venture & Why Silicon Valley Will Dominate The Future of Robotics with Jeremy Conrad, Partner @ Lemnos Labs
Jeremy Conrad is a Partner @ Lemnos Labs, the fund that believes in the earliest stages of building hardware, every dollar counts, every hour matters and every decision is crucial to success or failure. Consequently, Lemnos invests in pre-seed and seed hardware startups encountering these very real challenges. Among their portfolio is the likes of previous guest Swift Navigation and Airware, just to name a few. As for Jeremy, prior to VC he was in the United States Airforce where he was in charge of an $80m tests and targets group and was also responsible for the BMC4I system of the Airborne Laser (ABL).
In Today’s Episode You Will Learn:
1.) How Jeremy made his way from the United States Airforce to investing in the next generation of great hardware founders with Lemnos?
2.) Why does Jeremy believe that now is the time for robotics? What megatrends mean now is the right time? Why does Jeremy believe that core AI today is largely a bunch of nifty tricks?
3.) Why does Jeremy believe that Silicon Valley will dominate the future of robotics? What characteristics does the valley have that mean this is the case? What is the dirty secret of Silicon Valley?
4.) How does Jeremy view the funding environments for hardware? Where is there constrictions of capital for hardware startups? What must hardware founders have in place in order to raise a Series B?
5.) Why does Jeremy believe that consumer electronics is the hardest space for venture today? With the likes of Juicero and Pearl, is consumer still possible today? Are the likes of GoPro and FitBit merely anomalies in the dataset?
Items Mentioned In Today’s Show:
Jeremy’s Fave Book: The Better Angels of Our Nature
Jeremy’s Fave Blog: Dan Primack: Pro Rata
Jeremy’s Most Recent Investment: Marble
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