E1034: Formlabs CEO & Co-Founder Max Lobovsky shares insights on hitting $100M in revenue as a 3D printing platform, most lucrative use cases, growing organically, best 3D printing examples in science fiction

This Week in Startups

Jason Calacanis

Technology

4.4 • 1.3K Ratings

🗓️ 6 March 2020

⏱️ 69 minutes

🔗️ Recording | iTunes | RSS

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Summary

0:54 Jason intros Max Lobovsky
3:21 What is Max's business with Formlabs? What are people printing? Is it hitting scale with consumers yet?
10:52 Where does the majority of their business come from?
15:40 Is coronavirus impacting the supply-side of Formlabs?
20:16 Understanding the most lucrative use cases for 3D printing
21:58 What skill do you need to be a 3D modeler?
31:04 How did Max raise his first round of capital at Formlabs?
36:02 What was his experience at MIT's Media Lab?
39:54 Why did Formlabs raise a $15M Series D at a $1bn valuation? Benefits of building Formlabs organically
50:00 How Formlabs helped a makeup artist win an Oscar & how many customers in Hollywood do they have? Other use cases for 3D printing?
58:08 What is the "Holy Grail" vertical for 3D printing?
1:00:15 Best examples of 3D printing in sci-fi media

Transcript

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0:54.0	The technology industry is fickle every time we see some great new technology.
0:59.0	It takes multiple waves for it to actually stick and become a technology that becomes part
1:06.0	of the fabric of industry or consumers daily lives. Look at electric cars.
1:10.9	A hundred years ago cars started as electric. We then had
1:14.4	electric cars 20 years ago and it took multiple, multiple waves of founders and
1:20.0	entrepreneurs to figure out how to make electric cars actually stick.
1:23.8	Look at VR.
1:25.6	We had the Game Boy, Glove, and all these different VR headsets over time.
1:29.5	We've been talking about it since the 80s.
1:32.2	And now Oculus comes out gets bought by Facebook and
1:34.7	still nobody's using them. We're still waiting for that wave to actually
1:37.4	stick with consumers. Technology's there, consumers are not.
1:41.2	Cryptocurrency, another perfect example.
	...

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