Tim Bajarin picks Dmitry Grishin’s brain on a variety of questions, including his involvement with the purchase of Ring to Amazon. Here are a couple key quotes from Dmitry during the chat.
On Timing Your Company
My company, which became pretty big, right now, number five biggest Russian company overall. So we have 150 million users $7 billion valuation. So I can say that, from my perspective, timing (to start a company) is very important. So if you can look on investments, one of the most critical thinkers not only think about technology, but understand – Are you in right time in the right moment?
Because like I remember, I have idea to build Instagram in the year 2000. It’s nice idea. But you don’t have enough digital cameras. You don’t have enough in the enough network to upload digital photos online, through modem sometimes take 20 minutes, right. So it’s to be very slow Instagram, right. So I think that understanding that understanding timing is critical. And I believes that right now. It’s right timing for robotics and hardware companies.
On Backing Spire: Mini Satellites
Right now it’s very, very difficult to send satellite to space; It’s very expensive. And because of the cost of hardware became cheaper. Now you can build small satellite like 10 centimeters by 10 centimeters size the cube, and you could send a lot of them, and you send them a low orbit. So they’re slowly moving closer to two years around and then disappear, because they just die. So this was simple idea. Let’s not build $1 billion dollar satellite. Let’s build many, many $1 million satellites. And I think it’s perfectly do we like it, and they now have a lot of satellites in space. They use it for different application, I think biggest one is was the prediction and ship taking notion.
On Swivel Robotics
So I think the key business idea was that, right now you have a lot of teachers in the schools, who make interesting content, interesting ideas. But unfortunately, it’s very difficult for them to make videos. Because making videos is still expensive. You need a special operator in some people put the mic we just said, Okay, let’s build the robot, who always watch a speaker and just make video. And now they use it in many preschools and many schools and elementary school. So it’s pretty good system. You literally put camera on to the robot. And Robert follow speaker
Tim Bajarin asked “Was the original idea, education focus, or was it more business focus?”
Initially, it was focusing on public presentations in conference rooms, but they figure out that education is the biggest market for them.
Geekazine LIVE! was at Hardwarecon 2019. We put together 16 great session videos for you.