34 min
#16: Ric Fulop - Desktop Metal Out of the Lab
-
- Imprenditorialità
Ric Fulop is the Chairman, CEO and co-founder of Desktop Metal (NYSE: DM), a leader in mass production and turnkey additive manufacturing solutions. DM is changing the game in 3D printing with printers that can print a variety of metals, carbon fibers, wood composites, and more.
The convo is short and fast-paced - Ric is a really busy guy. But its rife with a ton of advice to young entrepreneurs on how to pick a market problem to solve. Lessons learned from his previous company, A123 Systems, a battery company that also went public, yielded his repeated advice: High margins, recurring revenue, low account concentration. He also references Carlota Perez, an economist at LSE, whose work talks about technological breakthroughs and how they transition from installation to deployment phases. It's really valuable stuff.
We also talk about how he formed A123 by licensing a technology from MIT, how he runs DM, and much more. Enjoy!
More about Ric
Prior to founding Desktop Metal in October 2015, Ric was a General Partner at North Bridge, a VC fund with $3 billion under management, for five years following a fifteen- year career as an entrepreneur. Ric is the founder of six technology companies, including A123 Systems, Boston's largest IPO in the past decade and one of the world’s largest automotive lithium ion suppliers with revenue exceeding $500M in 2016. At North Bridge, Ric led the software and 3D investing practices and was an early stage investor and board member in Dyn (acquired by Oracle for $600 million), Onshape, MarkForged, Salsify, Lytro and Gridco. Ric is a former Board Member of the Electric Drive Transportation Association and holds an MBA from the MIT Sloan School where he was a Sloan Fellow.
More about Desktop Metal
Founded in 2015 by leaders in advanced manufacturing, materials science, and robotics, the company is addressing the unmet challenges of speed, cost, and quality to make metal 3D printing an essential tool for engineers and manufacturers around the world.
With solutions for every stage of the manufacturing process - from prototyping and pilot runs to mass production and aftermarket parts - we are reinventing the way engineering teams produce metal and composite parts across a wide range of applications and industries.
Learn more about DM on their website and follow Ric on Twitter.
Join the Bountiful community today and realize your power to save the world.
Don't forget to follow us on Twitter and LinkedIn if you haven't already.
Ric Fulop is the Chairman, CEO and co-founder of Desktop Metal (NYSE: DM), a leader in mass production and turnkey additive manufacturing solutions. DM is changing the game in 3D printing with printers that can print a variety of metals, carbon fibers, wood composites, and more.
The convo is short and fast-paced - Ric is a really busy guy. But its rife with a ton of advice to young entrepreneurs on how to pick a market problem to solve. Lessons learned from his previous company, A123 Systems, a battery company that also went public, yielded his repeated advice: High margins, recurring revenue, low account concentration. He also references Carlota Perez, an economist at LSE, whose work talks about technological breakthroughs and how they transition from installation to deployment phases. It's really valuable stuff.
We also talk about how he formed A123 by licensing a technology from MIT, how he runs DM, and much more. Enjoy!
More about Ric
Prior to founding Desktop Metal in October 2015, Ric was a General Partner at North Bridge, a VC fund with $3 billion under management, for five years following a fifteen- year career as an entrepreneur. Ric is the founder of six technology companies, including A123 Systems, Boston's largest IPO in the past decade and one of the world’s largest automotive lithium ion suppliers with revenue exceeding $500M in 2016. At North Bridge, Ric led the software and 3D investing practices and was an early stage investor and board member in Dyn (acquired by Oracle for $600 million), Onshape, MarkForged, Salsify, Lytro and Gridco. Ric is a former Board Member of the Electric Drive Transportation Association and holds an MBA from the MIT Sloan School where he was a Sloan Fellow.
More about Desktop Metal
Founded in 2015 by leaders in advanced manufacturing, materials science, and robotics, the company is addressing the unmet challenges of speed, cost, and quality to make metal 3D printing an essential tool for engineers and manufacturers around the world.
With solutions for every stage of the manufacturing process - from prototyping and pilot runs to mass production and aftermarket parts - we are reinventing the way engineering teams produce metal and composite parts across a wide range of applications and industries.
Learn more about DM on their website and follow Ric on Twitter.
Join the Bountiful community today and realize your power to save the world.
Don't forget to follow us on Twitter and LinkedIn if you haven't already.
34 min