This Week in Startups 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
Mar 6, 2020
Max Lobovsky, the Co-founder and CEO of Formlabs, dives into the exciting world of 3D printing after surpassing $100 million in revenue. He discusses the lucrative applications of 3D printing, including how it aids healthcare innovations and even influences Hollywood makeup effects. The conversation touches on the challenges of raising initial capital, navigating supply chain disruptions during the pandemic, and his experience at MIT's Media Lab. Lobovsky also shares fascinating insights into the future of 3D printing as depicted in science fiction.
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Tech Adoption Waves
- New technologies often take multiple waves to become mainstream, like electric cars and VR.
- 3D printing, initially a niche technology, has gained traction, achieving over $100 million in revenue.
Formlabs' Business Model
- Formlabs' $100 million revenue comes from printers, materials, and some services.
- The company focuses on a complete, user-friendly 3D printing system.
Consumer 3D Printing
- Early consumer 3D printing focused on trinkets and hobbyist items.
- Mass consumer adoption hasn't happened yet due to the technology's limitations.
