Transcript
Introduction
Patrick
My guests today are Josh Wolfe and Chris Power. Josh will be a familiar voice to many of you, and is the co-founder and general partner of Lux Capital. Chris is the founder and CEO of advanced manufacturing startup, Hadrian. Most of our discussion centers on the need to modernize the factories that supply our space and defense industries. But given the current market environment, we also talk about capital conditions and the responsibility to build products that really matter. Please enjoy this conversation with Josh Wolfe and Chris Power.
How The Advanced Manufacturing Industry Got Here
Patrick
Chris and Josh, this is going to be a totally different conversation about an area that I don't think I've ever explored before, very keyed in on a certain kind of manufacturing. I'm sure we'll hit bigger themes of onshoring of manufacturing in just the next generation of this part of the economy. We'll spend a lot of time around precision parts, what Hadrian's doing, why Lux is interested in this area, what Chris, you and your team, are building. To set the stage, Chris, it would be great if you could, as you did for me on the phone recently, give an overview of the recent past and what has happened in this world. It's become a topic that everyone's talking about a little bit, but probably doesn't really fully understand the recent intermediate past of manufacturing, where it happens, why it's happened that way. So a little bit of a history lesson would be a great place to start to frame our conversation.