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Varda is starting with pharmaceuticals as the main focus for its in-space manufacturing trading post. By manufacturing drugs in space, Varda aims to take advantage of the unique conditions in microgravity to create new forms of drugs that can improve patient experiences and generate significant revenue. The company has already conducted successful experiments and has received interest from top pharmaceutical companies.
Varda has formed partnerships with the Department of Defense (DOD) to utilize its reentry vehicle for testing missile systems. The DOD sees Varda's trading post as a valuable resource for testing new vehicle systems before integrating them into missile configurations. Additionally, Varda is exploring government interest in pharmaceutical manufacturing in space, with potential applications for agencies focused on health and research.
To transport cargo to and from space, Varda has partnered with SpaceX and Rocket Lab. SpaceX's cost-effective launch services allow Varda to access space and deliver its payload. Rocket Lab provides the shipping container and infrastructure necessary for Varda's operations. These collaborations enable Varda to focus on its pharmaceutical manufacturing capabilities while leveraging existing space transportation solutions.
Varda aims to establish a sustainable long-term business by proving its ability to consistently solve pharmaceutical manufacturing problems in space. The company plans to expand to other industries and commodities as the space economy evolves. Challenges include the need for price reductions in launch costs, which currently have limited competition, as well as the need to continue innovating and delivering value to customers on a consistent basis.
ARGYL is an augmented reality (AR) software platform that helps construction project managers improve efficiency and reduce mistakes. By visualizing building information models (BIM) on the job site, ARGYL allows project managers to see how the final structure will look and easily identify any potential issues or conflicts. The platform is compatible with various AR headsets, such as Microsoft HoloLens and Magic Leap, providing users with a clear view of the construction site and the ability to toggle between different layers of the BIM. ARGYL's focus on accuracy and user-friendly experience makes it a valuable tool for construction professionals looking to streamline their processes and ensure successful project outcomes.
ARGYL's AR technology offers several key advantages for the construction industry. First, it allows project managers to visualize their designs on the actual job site, reducing the risk of costly mistakes and rework. Second, it enables better collaboration between different stakeholders by providing a shared understanding and visual representation of the project. Third, it enhances accuracy and efficiency by allowing users to align key elements and measure distances directly in AR. Fourth, it improves communication and decision-making by providing real-time access to accurate information and enabling on-site problem-solving. Overall, ARGYL's AR technology helps construction professionals go faster and make fewer mistakes, leading to improved project outcomes.
ARGYL primarily targets the construction industry, offering its AR software as a service (SaaS) solution. The company licenses its software to construction firms, design-build firms, architects, and other professionals involved in the construction process. Customers can choose between monthly or yearly subscription plans, with pricing based on the number of devices using the software. ARGYL's focus is on expanding its customer base and establishing itself as a leading provider of AR solutions in the construction industry. The company has received positive feedback from customers and continues to explore new opportunities for growth and expansion.
With a strong emphasis on product velocity and customer feedback, ARGYL aims to continuously improve its AR technology and cater to evolving customer needs. The company is closely monitoring advancements in AR hardware, such as Apple's rumored AR glasses, to ensure compatibility and provide users with the best visualization experience. ARGYL sees a growing market demand for its AR solutions, with industrial construction projects and complex buildings becoming major opportunities for adoption. As the construction industry increasingly recognizes the value of AR in improving efficiency and reducing errors, ARGYL is well-positioned to drive innovation and become a leader in the AR construction space.
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Today’s show:
Varda’s Delian Asparouhov is back with Jason to discuss Varda (18:43), his insights on different aspects of venture capital (1:41), the shifts in silicon valley culture (11:56), and much more! Then, Jason is joined by Argyle CEO Maret Thatcher to discuss how her startup is using AR headsets to make construction PMs faster and more efficient. (58:27)
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Time stamps:
(0:00) Varda President and Co-Founder Delian Asparouhov joins Jason
(1:41) Delian’s insights on different aspects of venture capital
(8:35) Defense tech and silicon valley’s aversion to military
(10:48) Vanta - Get $1000 off your SOC 2 at https://vanta.com/twist
(11:56) The shift in silicon valley culture
(14:39) Culture wars and keeping everyone focused
(18:43) The inception of Varda
(23:15) Varda’s first provisions and overall mission
(27:14) CLA - Get started with CLA's CPAs, consultants, and wealth advisors now at https://claconnect.com/tech
(28:31) The customer base and transporting cargo into space
(33:14) LinkedIn Jobs - Post your first job for free at https://linkedin.com/unicorn
(34:30) Proving this is a sustainable business and “induced demand” in this area
(47:21) Government engagement in the startup community
(50:53) Progress around the globe and U.S. relationship with China
(58:27) Argyle CEO Maret Thatcher joins Jason
(1:03:50) Argyle’s product and Magic Leap’s role
(1:07:42) Video examples of the product in the field
(1:09:09) The customer base and how designs are rendered
(1:22:25) Business model and live demo of Argyle's UI
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Follow Delian: https://twitter.com/zebulgar
Check out Varda: https://www.varda.com
Follow Maret: https://twitter.com/MaretSheWrote
Check out Argyle: https://www.argyle.build
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Follow Jason:
Twitter: https://twitter.com/jason
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