#072 The First Artificial Human Arm with Tyler Hayes of Atom Limbs

Links:
Atom Limbs
Waitlist
Crowdfunding Round - Wefunder
Tyler on X

Topics:
(00:00:00) - Intro
(00:02:19) - Inside building Atom Limbs  
(00:18:37) - The process of researching what knowledge was needed to build this company
(00:27:26) - Feedback loops in prosthetics
(00:29:23) - Where is Atom Limbs today?
(00:40:48) - Wild, irresponsible speculation: Where do you hope this company will be in 50 years?
(00:48:30) - Are there ways for these prosthetics to extend lifespan?
(00:52:21) - What’s the price point you’re speculating for a prosthetic?
(00:55:32) - How do you see the next 18 months playing out?
(01:03:16) - How can people support you?


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Important quotes from Naval on building wealth and the difference between wealth and money:
 
How to get rich without getting lucky. - Naval Ravikant
 
Making money is not a thing you do—it’s a skill you learn. - Naval Ravikant
 
Seek wealth, not money or status. - Naval Ravikant
 
Wealth is having assets that earn while you sleep. - Naval Ravikant
 
Money is how we transfer time and wealth. - Naval Ravikant
 
Ignore people playing status games. They gain status by attacking people playing wealth creation games. 
 
You’re not going to get rich renting out your time. You must own equity—a piece of a business—to gain your financial freedom. - Naval Ravikant
Important quotes from the podcast by Naval on Leverage:
 
“Give me a lever long enough and a place to stand, and I will move the earth.” 
—Archimedes 
 
To get rich, you need leverage. Leverage comes in labor, comes in capital, or it can come through code or media. But most of these, like labor and capital, people have to give to you. For labor, somebody has to follow you. For capital, somebody has to give you money, assets to manage, or machines. - Naval Ravikant
 
Capital and labor are permissioned leverage. Everyone is chasing capital, but someone has to give it to you. Everyone is trying to lead, but someone has to follow you. - Naval Ravikant
 
Code and media are permissionless leverage. They’re the leverage behind the newly rich. You can create software and media that works for you while you sleep. - Naval Ravikant
 
If you can’t code, write books and blogs, record videos and podcasts. - Naval Ravikant
 
Leverage is a force multiplier for your judgment. - Naval Ravikant
 
Apply specific knowledge, with leverage, and eventually you will get what you deserve. - Naval Ravikant
 
Important Quotes from the podcast on Business and Entrepreneurship
 
There is no skill called “business.” Avoid business magazines and business classes. - Naval Ravikant
 
You have to work up to the point where you can own equity in a business. You could own equity as a small shareholder where you bought stock. You could also own it as an owner where you started the company. Ownership is really important.  
 
Everybody who really makes money at some point owns a piece of a product, a business, or some IP. That can be through stock options if you work at a tech company. That’s a fine way to start.