andra keay. why silicon valley is winning robotics
TRANSCRIPT
Why Silicon Valleyis winning the robotics/AI race
History
People
“that every citizen shall retain the right to pursue any lawful employment and
enterprise of their choice” California Civil Code 1872
People
• Emigration rate from states with non-compete clauses is double that of states without
• The more patents someone has, the more likely they are to relocate
From Marx, Singh, Fleming “Regional Disadvantage? Employee non-compete agreements and brain drain”
Patents by US State
USA still holds most patents but…
Silicon Valley has critical mass of
People Ideas
Money= Innovation Potential
per square inch
Ideas
• Stanford• Berkeley• SRI International• Lawrence Livermore
National Laboratory• Sandia National
Laboratory• Lawrence Berkeley
National Laboratory
• UC San Francisco, Santa Cruz & Davis
• IBM Almaden Park• Xerox Parc• NASA• SSL Space Systems Lab• MBARI• And all the high tech
company R&D labs
Ideas
Applied Ideas
Money
• Pre VC investment was either corporate R&D or direct from wealthy individuals
• George Doriot kickstarted the VC industry after WW2 with ARD but it was a public entity
• Doriot “ideas are easy – execution is hard”• 2nd generation of VC firms allowed LPs or
partners to profit from investments
Money• 1911 Bessemer Ventures - $4B (Menlo Park/Boston)• 1961 Norwest - $6B (Palo Alto)• 1965 Greylock Partners - $2B (Cambridge/San Mateo)• 1968 Morgenthaler Ventures - $3B (Menlo Park)• 1969 Mayfield Fund - $2.4B (Menlo Park)• 1969 Venrock - $2.6B (Palo Alto)• 1970 Charles River Ventures - $2.1B (Menlo Park/Boston)• 1970 Fidelity Ventures - $1.6B (Boston)• 1971 Lightspeed Ventures - $2B (Menlo Park)• 1972 KPCB - $1.5B (Menlo Park)• 1972 Sequoia - $4B (Menlo Park)• 1976 Menlo Ventures - $4B (Menlo Park)• 1978 NEA - $17B (Menlo Park)• 1978 Oak Investments - $8.4B (Westport/Palo Alto)
Semiconductor Industry
Fairchildren
From Critical Mass To …
Lots of People +Lots of Ideas +Lots of Money
= Exponential Growth
Silicon Valley
The Bay Area hosts high concentrations of federal and private research labs driving radical breakthroughs in science and engineering; attracts nearly half of all venture capital invested in the United States; and has developed a diverse network of highly specialized business services that support the innovation economy. Bay Area Regional Economic Council 2015
INDUSTRIAL
• Adept• Modbots• Pneubotics• Grabit• SoftRobotics• Kuka• Carbon Robotics
LOGISTICS
• Fetch Robotics• Adept• 5D Robotics• Dispatch• Adept• Mobotech• Locus Robotics
SELF DRIVING
• Cruise• Tesla• Auro Robotics• Zoox• Google• Apple• Peloton• Otto
DRONES
• Liquid Robotics• OpenROV• 3D Robotics• Nixie Labs• Vantage Robotics• Skycatch• Airware• Drone Deploy
AGRICULTURE
• TerrAvion• Blue River Tech• Wall-ye• Rowbot• Abundant
HEALTH
• Catalia Health• Intuitive Surgical• Auris Technology• Medicaroid• Verb Surgical• Restoration
Robotics• EksoBionics• SuperFlex• Otherlab Orthotics
RETAIL
• RobotLab• Fellow Robots• Simbe• BossaNova Robotics• Savioke• Momentum
Machines• Dishcraft• Bistrobot
CONSUMER
• CleverPet• Nailbot• Anki• Orbotix• Neato• Revolve Robotics• Suitable
Technologies• Double Robotics
EDUCATION
• RobotLab• RoboTerra• Dash Robotics• Arcbotics• Modular Science• Magzor• Barobo• WonderWorkshop
Technology Tipping Points
• ROS• Cheaper Sensors/LIDAR• Cheaper Processing• Better Vision Systems• Better Navigation• Ubiquitous Internet• Smartphone/Tablet/BYOD
What’s coming next?
• Social Robots• Soft Robotics• Space Robotics• Micro Robotics• Nano Robotics
International Federation of Robotics
Industrial
• $3 B• 10%• 2010
Service
• $0.3 B• 100+%• 2025-30
Consumer
• $0.03 B• 1000+%• 2050
Investment in Robotics/AI
2009-2014
• $1 B• In 154
startups
2015
• $1 B• In 44
startups
2016
• $1 B• In just 1
startup
Crossing the Chasm
There are innovation methods…
Lean Startup Methodology
“Startup success can be engineered by following the process, which means it can be learned, which means it can be taught.”
Eric Ries
“No business plan survives first contact with customers…. So get outside of your building and start talking to customers.”
Steve Blank”
Why is Silicon Valley winning robotics?
• Technology Tipping Points• People• Ideas• Money• Lean Startup Methodology
Also known as Scientific Method
“Robotics isn’t a technology problem any more. It’s a business model problem.”
Rodney Brooks
Silicon Valley Robotics is the not-for-profit industry group supporting innovation and
commercialization of robotics technologies.
Andra Keay, Managing [email protected]