Co-founder, CEO at @arcboats. Electrifying the marine industry.
Los Angeles, CA
Joined December 2010
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Quiet as a library.
So responsive it changes how you drive.
No diesel exhaust.
And most importantly: cheaper to own and operate.
We just wrapped our first day of high-power testing on the first of many tugs. It was wildly successful, and it will only get better with software updates to the powertrain and controls.
I couldn’t be more proud of the team behind this, or more impressed by what they’ve built.
Mitch Lee retweeted
LIVE Now!
Tune in to Betting on America as Ryan Cook, co-founder and chief technology officer of @ArcBoats, joins @NGirishankar to discuss America's maritime electrification opportunity.
In this conversation, they discuss the potential recreational, commercial, and defense applications of electric boats.
More info: csis.org/events/maritime-ele…
Mitch Lee retweeted
New on the Arc Sport: Position Hold. Thrusters, prop and software work together to hold your position and heading, so captaining can get easier. Rolling out now to Nav Package owners.
Learn more: arcboats.com/newsroom/positi…
Mitch Lee retweeted
Full house at Arc HQ for @a16z @Techweek_ ⚡
Thanks to everyone who stopped by, joined our CEO @dontmitch and team for a fireside chat, and played buzzword bingo all night.
2,000 commercial ships now have battery systems on board (mostly in hybrid configuration), totaling 2.4GWh of capacity. Insane, and this transition is just starting.
ajot.com/news/battery-powere…
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~$3B invested in marine startups over the past year, a lot of it going towards autonomy.
Autonomy needs software-defined hardware, and the list of companies making that possible is much smaller.
news.crunchbase.com/venture/…
Mitch Lee retweeted
Today, we’re launching an ambitious new school called The Horowitz Andreessen Academy.
Based in San Francisco, The Academy serves the most promising young high school graduates.
We think this can be an elite institution that attracts top tier talent. One that prepares students for the future rather than remaining stuck in the past.
The #1 goal is to help students learn to build, which is the most important skill in the AI era. They'll learn primarily by pursuing their own projects, either individually or in groups. There are classes and guest lectures, too, from some truly amazing people who have built modern-day Silicon Valley.
The Academy is designed as a network, since that’s the reason students go to school in the first place. Core to that network are our 10 Founding Partners: Anduril, Anthropic, Coinbase, Google, Meta, NVIDIA, OpenAI, Palantir, Replit, and Stripe. The network includes over 50 hiring partners and over 200 speakers and mentors. To join as a hiring partner or faculty member, you can apply on our website.
We raised $42M in funding led by @a16z. I'll be CEO and @pmarca and @eriktorenberg will join me on the board.
Applications are open for our Founding Class Fellowship, which will be one year and tuition-free. Eventually, pending regulatory approval, we plan to offer a two-year program that charges tuition, similar in cost to an elite private university.
We're looking for the most unusually ambitious young builders on the planet. Come join us in San Francisco:
theacademysf.com/
Adoption of self-driving will happen faster than you think. My kids will not drive.
People fight this take because they project personal preferences. "People love driving, they won't give it up." Insurers don't care. They price risk.
The cost of insuring a shrinking population of people who text at 70mph and drive after four beers will be astronomical. You will have to pay more (a lot more) for that privilege to choose to be unsafe. And most people won't.
Swiss Re, one of the world’s leading reinsurers, found that Waymo's autonomous vehicles generated 88% fewer property damage claims and 92% fewer bodily injury claims than human-driven vehicles.
humanprogress.org/waymo-driv…
Mitch Lee retweeted
Sailors used to throw logs overboard, attached to lines with knots tied at regular intervals.
The # of knots that passed through a sailor’s hands within a given amt. of time helped determine the ship’s speed.
Now, 1 knot = 1 nautical mph.
🧵⬇️
Mitch Lee retweeted
The Port of LA/LB hit all time record for imports the last 3 months.
Narrative violation?
There's a term for this. It's called the "greater fool theory." And it's a great way to lose a lot of money in a bubble.
Had a growth investor at a very well respected VC firm tell me (in all sincerity and honesty), “My job isn’t to find great companies, it’s to find companies that will be marked up. TBH, what happens to these companies long-term doesn’t really matter.”
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