Chapter
Amazon's New Product Search
2:41:15 - 2:49:58 (08:42)
The challenge for Amazon's new product is to meet the bar of what the mass market consumer would find valuable enough to justify the high price point, and it may take a while to evolve into the ideal applications. However, Amazon is known for aggressively iterating their products and could potentially attract millions of buyers in the future.
Clips
The challenge for Amazon's new smart home robot is whether it can meet the mass market consumer's value proposition to justify its price point of $1,500 and find the ideal application to expand its functionality, but the company is known for iterating aggressively and moving quickly.
2:41:15 - 2:45:23 (04:08)
Summary
The challenge for Amazon's new smart home robot is whether it can meet the mass market consumer's value proposition to justify its price point of $1,500 and find the ideal application to expand its functionality, but the company is known for iterating aggressively and moving quickly.
ChapterAmazon's New Product Search
Episode#241 – Boris Sofman: Waymo, Cozmo, Self-Driving Cars, and the Future of Robotics
PodcastLex Fridman Podcast
The biggest risk for a robotics company to fail is either being a technology in search of an application or trying to offer something that has a mismatch in price to function.
2:45:23 - 2:49:58 (04:34)
Summary
The biggest risk for a robotics company to fail is either being a technology in search of an application or trying to offer something that has a mismatch in price to function.