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Brett Adcock

๐Ÿ‘ค Speaker
2822 total appearances

Appearances Over Time

Podcast Appearances

The Shawn Ryan Show
#292 Brett Adcock - Shawn Ryan Meets a Humanoid Robot

Why is that?

The Shawn Ryan Show
#292 Brett Adcock - Shawn Ryan Meets a Humanoid Robot

We went public through a SPAC process.

The Shawn Ryan Show
#292 Brett Adcock - Shawn Ryan Meets a Humanoid Robot

So you know SPACs at the time, four or five years ago were all the rage.

The Shawn Ryan Show
#292 Brett Adcock - Shawn Ryan Meets a Humanoid Robot

And it was a special purpose acquisition company.

The Shawn Ryan Show
#292 Brett Adcock - Shawn Ryan Meets a Humanoid Robot

So it was basically companies that were going public through a merger, a reverse merger.

The Shawn Ryan Show
#292 Brett Adcock - Shawn Ryan Meets a Humanoid Robot

And it was hard because in 2018, 2019, coming off of software, I had never done hardware before.

The Shawn Ryan Show
#292 Brett Adcock - Shawn Ryan Meets a Humanoid Robot

So A, it was hard to raise capital.

The Shawn Ryan Show
#292 Brett Adcock - Shawn Ryan Meets a Humanoid Robot

And B, there was nobody funding

The Shawn Ryan Show
#292 Brett Adcock - Shawn Ryan Meets a Humanoid Robot

like, deep tech, electric vertical takeoff and landing, like, companies.

The Shawn Ryan Show
#292 Brett Adcock - Shawn Ryan Meets a Humanoid Robot

Like, you know what I mean?

The Shawn Ryan Show
#292 Brett Adcock - Shawn Ryan Meets a Humanoid Robot

The big venture capital groups were not funding SpaceX or Tesla or Rivian.

The Shawn Ryan Show
#292 Brett Adcock - Shawn Ryan Meets a Humanoid Robot

Like, none of these were getting funded by traditional investors.

The Shawn Ryan Show
#292 Brett Adcock - Shawn Ryan Meets a Humanoid Robot

They weren't raising money from the named investors we all know about now.

The Shawn Ryan Show
#292 Brett Adcock - Shawn Ryan Meets a Humanoid Robot

Oh, shit.

The Shawn Ryan Show
#292 Brett Adcock - Shawn Ryan Meets a Humanoid Robot

Are they always behind like that?

The Shawn Ryan Show
#292 Brett Adcock - Shawn Ryan Meets a Humanoid Robot

The mandate for most of these VCs in the Bay Area or Silicon Valley and stuff are not to do hardware.

The Shawn Ryan Show
#292 Brett Adcock - Shawn Ryan Meets a Humanoid Robot

And if they do hardware, they don't do deep tech.

The Shawn Ryan Show
#292 Brett Adcock - Shawn Ryan Meets a Humanoid Robot

They don't do like rockets and autonomous vehicles.

The Shawn Ryan Show
#292 Brett Adcock - Shawn Ryan Meets a Humanoid Robot

And I don't think there's a single top VC in the US that's invested in a humanoid company.

The Shawn Ryan Show
#292 Brett Adcock - Shawn Ryan Meets a Humanoid Robot

No shit.