00:09:26 · Ahmad Baitalmal
[00:09:26] S7: After Tesla, I I tried to just focus a little bit away from manufacture. Let me think a little bit, you know, do something else. Derivatives trading and try to learn more about AI and financial systems, but the bug of manufacturing, working on hardware, got me again. And the things I did at Tesla were very applicable to Rivian. And I thought I really wanted to help one more US auto manufacturer get off the ground. I was really excited about Rivian, trying to help them out. So I went and spent time at Rivian, helping them scale their manufacturing systems as well. That's the journey. After that, I was at a beach in Hawaii. I still had the video while I'm recording the beach and I was going like, wonderful, this is great, I'm done, I don't want to do anything else. I've solved every problem I want to solve. As I'm recording the video, I get a call from Walti and he's asking me about, hey, do you remember the problems we went into at Tesla during manufacturing? Let's really solve it. At the beginning, I was like, I don't wanna do this, I don't wanna do manufacturing again, I wanna stay at the beach. But the more we talked about how we would solve this problem, go back to the fundamentals, let's not just build another automation company, let's do something completely different. The more we talked about it, the more I got excited, because it wasn't just another implementation. It's a complete rethink. And that was very exciting. So I said, okay, yes, let's start this company. Let's find the best people that we can find from our network and tackle this problem.
00:10:58 · S10, Chris Walti
Ad[00:10:58] S10: With the global venture capital volume decreasing dramatically, startup must find a better way to stay informed of investment sentiment to survive. Hi, I'm Soo Young from EO, and we know that many of you watching are startup founders. That's why we have something to share with you guys that's going to be helpful for you. The Startup Capital Annual Report from HubSpot for Startups. It's their newest report on where startup capitals are flowing. The metrics investors care about the most when deciding on investing in a start up, and the best tech stacks to help you manage investor relations. In addition to the detailed surveys of 500 founders, I found the in-depth interviews with seasoned investors from Sequoia Capital, HubSpot Ventures, and more to be especially interesting and packed with insights. The report is free to download through the link in the description. Be sure to check it out and take your startup to the next round. And thanks to HubSpot for sponsoring the video. [00:12:01] S8: So Mytra was founded because Ahmad and I, having seen a lot of these different types of challenges at Tesla and Rivian, wanted to find a problem that we could solve, we are uniquely positioned, knowledgeable to tackle, but also was just simply not being solved. Right? You think of the lowest hanging fruit in your tree.
00:12:01 · Chris Walti, S0
[00:12:01] S8: So Mytra was founded because Ahmad and I, having seen a lot of these different types of challenges at Tesla and Rivian, wanted to find a problem that we could solve, we are uniquely positioned, knowledgeable to tackle, but also was just simply not being solved. Right? You think of the lowest hanging fruit in your tree. Ad[00:12:23] S0: This episode is brought to you by Google Chrome. You think you know a browser, but Gemini in Chrome, that's new. It can help you with practically anything on the web, like restoring a vintage motorcycle from a 50 page restoration block or finally break down that long article you've had open for weeks. Gemini and Chrome is here for it. Ready to make anything online make sense? There's no place like Chrome. Check responses, setup required, compatibility, and availability varies 18 plus.
00:12:23 · S0, S1, S2
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00:13:49 · S2, S3, S9, S4, S5
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00:14:30 · S5, Chris Walti
Ad[00:14:30] S5: Pricing participation may vary. Promotion pricing may be lower than meal pricing. [00:14:33] S8: And again, material flow is most of the work across industry, just moving things around, yet it's clearly unsolved. I can go out and buy an industrial automation system to do almost anything I need. The problem is, is it cost effective? Is it simple? Is it extensible? Is it flexible? And we said, if we can design something that's just far simpler, iPhone's a great example, Tesla's, there's lots of great examples of history where to follow a new s curve, s curve of adoption. Right? A new technology, it starts off slowly, it then, you know, there's some acceleration, then it kinda tapers off. But to truly continue like linear adoption and proven of technologies, it's comprised of a whole bunch of small s curves, right? We needed to create that new s curve for industrial automation. There needed to be a new paradigm. And to do that, again, when you look across history, it's usually the simpler thing waits. How do we find the absolute simplest way to do this work? And what we realized was that, no, there was no system that was designed that was physically or kinematically unconstrained, meaning I want to move things in three d, how do I move it up, down, left, right from any cell to any cell in full three d? That was just an unsolved problem at any payload weight. So we simulated, said this is a solvable problem, if we can do this, we've created a system that is of immense value to the industry. So that's why we decided to tackle this problem.