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Description:
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Welcome Chrissy Meyer, partner at Root Ventures!
- Started as a PM
- Anti-GANTT charts
- Baijiu
- Chrissy helped ship 3 generations of iPod touch, one nano and the beginning of the Apple Watch.
- Apple makes scaling look easy
- They have developed the formula over decades
- Walking into Foxconn
- Dealing with the different layers of manufacturing
- Final assembly and PCBA is normally the same location
- Vertical integration is more competitive at scale
- DJI is a good example
- Early stage startups have access to higher levels of integration…but it doesn’t always make sense
- “Think really long and hard about who you’re choosing, make sure [the manufacturer is] a good fit for your size and complexity”
- 1 in a million problems are actual problems for high volume production.
- Tiger team
- The problem is getting a line moving
- Glue machines
- HDDG talk
- DfM
- Mechanical parts seem to have less consistency
- Electrical is a bit more cut and dried
- Big companies are talking to suppliers from day one
- With companies like Apple, these discussions are shrouded in secrecy
- “You have to be high touch if you want to be fast”
- Joined Square with 300 people
- Cost was everything
- Developing hardware for businesses was different
- Sales cycles can take a while
- It requires the perfect spacing between iterations
- Was a founding member of the startup Pearl Automation
- They made wifi based backup camera for users
- So much of startup success is timing
- Learned about how to be a startup, which was useful for her time now at Root.vc
- Different for VCs that write lots of checks
- Root invests in 6-8 companies per year
- Instrumental.ai
- They do final inspection that can automatically flag anomalies
- What are you Interested in the hardware space now?
- Chrissy is interested in tools for manufacturing, like supplier discovery
- We’re far away from the promised “dark factories” in the world of automation
- Reach out about opportunities, either on LinkedIn or via their site.
- The next step is to come in to brainstorm!
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