01:43:28 · John Coogan, John McElhone
[01:43:28] S0: I mean, I imagine that it's not fully lights out robotic factory yet, but maybe that's the vision in a few years. But where are you today? Yeah. [01:43:36] S5: We're pretty small. We're a small team. There's there's a few of us on board right now. We are hiring, so check out our website if you wanna roll. And but, yeah, we're right now, it's just handmade, but that the the goal here is really being able to make something you can mass manufacture. Like that's, that's the end goal. Everybody is more so worried about time to power. How quick can you get some energy generation in the grind? And the only way to really achieve that is figuring out automation at scale and how to make a product at scale. That's kind of where we've failed at turbines over the years as we've they're all kind of derived from aircraft and you have to kind of be stringent to the standards of the FAA and it has to be able to travel at 600 miles an hour. Sure. Sort of work background from back from these systems and understand how do we make this on the grind. Mhmm. But what we're trying to work out is, like, the opposite way. Like, just make it for the grind. Make something very simple. It doesn't have to be efficient. Doesn't have to last forever. You don't have to run this at 600 miles an hour, 30,000 feet in the air. And the problem that you're really solving is is really just energy generation at scale. [01:44:32] S0: Can you sorry, Jordy. Please.
01:44:32 · John Coogan, Jordi Hays, John McElhone
[01:44:32] S0: Can you sorry, Jordy. Please. [01:44:34] S1: What what were you doing before this? How did you how did you kind of end up in in this category? And and what was the backstory on becoming a Teal fellow? [01:44:45] S5: What do I do before this? I did a company called CropSafe. We built farm tech software, you know, of all things. It's quite the pivot, I must say. But quite different and kind of how I fell into American Turbines and why I'm doing this now is, you know, I finished up that last company and I realized that all my free time I just spent, you know, mechanic and stuff. All the cars I've worked on and or have owned over the years have just been seventies cars. And they're very mechanical machines. My dad's a mechanic. Spent a lot of time working with him. Few plane I flew planes pretty young as a kid, so I'm quite familiar with how the turbine works, how it put together, what people we need to hire to make it happen. And so I figured, you know, my next company should be something that is fun and exciting and cool, I can scale, and I can work with hardware. Mhmm. And I think it's very hard to compete with finders that just, you know, just like this stuff. Like, the car behind me, can see. The k truck. That's my car. [01:45:36] S0: There you go. [01:45:36] S5: And it's got a I [01:45:38] S1: want one of those I want one of those trucks so bad. I every time I see a video of one, send it to [01:45:42] S0: my client. [01:45:43] S1: I'm like, we need one.
01:45:43 · Jordi Hays, John Coogan
[01:45:43] S1: I'm like, we need one. [01:45:45] S0: I love it. Can you get me up to speed on intellectual property in this category? Like, I imagine that there's a patent that existed maybe a long time ago on a turbine. Like, can you build on the shoulders of giants? Like, how do you actually create something that you can own that can't be disassembled and copied, or is it sort of a free for all?
01:46:07 · John McElhone, John Coogan, Jordi Hays
[01:46:07] S5: Yeah. So there there's a bunch of patents. Same with any hard repeats. There's a bunch of patents. Yeah. But there are things with patents are very specialized. The turbine isn't actually very hard. It is hard to make, but it's not very complicated. Our system will probably have less than 40 parts on it. So that's that's quite small. And so it's not it's not crazy. The the product itself at American Turbines isn't I don't see it the turbine itself is like, we're gonna have a bunch of IP on this. We're gonna spend six years filing patents. We're gonna have this, like, specialized thing we're gonna have in a few years. That that sucks. That's what a lot of people are doing with, super critical stuff and Sure. A lot of specialized turbines. It it's just like you're waiting five years for what? So our our our product, I I I see in the future is is really just the manufacturing at scale, like our factory. Like, that's really what Henry Ford was able to do with the Model T. Yeah. Like, the product wasn't the car. It was kind of the the promise that with the process of manufacturing at scale and these assembly lines, we could create a whole new industry of transportation. And it worked worked for him. Yeah. And we kinda need the same for energy is we need to figure out how to produce that scale. And you can you can only do that in in kinda automated ways that that we're focusing on. [01:47:13] S0: Amazing. Well, congratulations on the launch. Thank you so much for coming on the show. Have a great rest your day, and we'll talk to [01:47:19] S1: you back on soon.
01:47:19 · Jordi Hays, John Coogan, Deena Shakir
[01:47:19] S1: you back on soon. [01:47:20] S0: Thank you very much. [01:47:20] S1: Cheers, John. [01:47:21] S0: Let me tell you about the New York Stock Exchange. Wanna change the world? Raise capital at the New York Stock Exchange. Just do it. Stop making excuses and do it. Our next guest is Dina Shakir from Lux Capital. She's a partner there. She's been on the show before, and we're very excited to have Dina back on the show. How are you doing? [01:47:42] S9: Hey, guys. Great to see you. [01:47:43] S0: Great to see you too. [01:47:45] S1: Welcome back. [01:47:46] S0: Give us the latest on the portfolio investments. Also, I mean, I wanna zoom out at some point and just, take your temperature on how things are going in the private markets and the AI boom. But first, give us the latest and greatest. [01:48:00] S9: Absolutely. Well, we've got a lot of exciting stuff going on all the time, and there's definitely no summer lull as you know and are reporting on anywhere adventure and certainly not here at Luxe. Yeah. We had to figure [01:48:10] S1: out by August August, I think we could be seeing a bit of a lull. I feel like it's always like it it feels crazy and then you get to mid August and it's like, okay. [01:48:19] S9: May maybe that's wishful thinking on your part, guys. I don't know if you're gonna be taking that August vacation. This is it's definitely lots of excitement, lots of activity. Our partner meetings are filled with deal pitches, and we got announcements coming up Wow. You know, nearly every day here. So there's a lot going on [01:48:34] S0: That's great.
01:48:34 · John Coogan, Deena Shakir
[01:48:34] S0: That's great. [01:48:34] S9: Especially in the world of AI. [01:48:36] S0: Yes. What's the latest in the world of AI? What's the Well, [01:48:39] S9: I'm excited to talk to talk about one of our newest investments that we, just announced last week. It's actually our very first investment in the GCC, a company called one thousand and one. We had the chance to invest really early. We were there when it was just Bilal in an idea and the seed round have been following it closely and preempted the series a, a $30,000,000 round in partnership with early investors including GC and CIB and Sinabal actually joined us as well. I'm super excited about the opportunity for applied AI in The Gulf. [01:49:12] S0: Yeah. What does, what what is the status quo of of software in the critical infrastructure space? Like, you hear about these massive machines from Siemens, and I imagine that there's some maybe web based dashboard for something or other. But are those companies asleep at the wheel? Is there just so much opportunity that you can do a yes and solution where it's not a rip and replace, but it's an additive functionality for critical infrastructure, managers and companies? Like, what is the shape of the job to be done?