Dan Champoux shares the journey of GEKOT Robotics and how what started as an idea from the kids' robotics team he coached turned into multiple patents, a partnership with Razor, and the development of a solution for light electric vehicle safety. We talk about the challenges of fundraising and the importance of finding a path to revenue, and Dan reflects on the mistakes and lessons learned along the way (including the value of attracting smart people and finding free resources). Dan emphasizes the combination of hard work and luck in building a successful company and discusses his motivation to support and uplift his team. He shares his plans for an upcoming event to celebrate his team's hard work and hopes to announce their first paying customer later this summer. Dan also talks about the evolution of product development, from focusing on collision avoidance for electric scooters to expanding into other areas of transportation. He highlights the challenges of staying focused and managing a remote team with limited resources and reflects on the difficulties of entrepreneurship and the need for more transparency about the risks involved.
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