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High Bit
Initialized Capital
21 episodes
4 days ago
Welcome to High Bit, a podcast hosted by Initialized Capital managing partner Brett Gibson about the art of technical problem-solving. A high bit is the most significant part of the binary representation of a number. In programming language, it is commonly referred to as the most important thing you need to understand about a problem. We spoke with our guests about just that. In each episode, we’ll break down a gnarly engineering problem and hear how the builder’s ingenuity and inventiveness led to a successful outcome.
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Entrepreneurship
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All content for High Bit is the property of Initialized Capital and is served directly from their servers with no modification, redirects, or rehosting. The podcast is not affiliated with or endorsed by Podjoint in any way.
Welcome to High Bit, a podcast hosted by Initialized Capital managing partner Brett Gibson about the art of technical problem-solving. A high bit is the most significant part of the binary representation of a number. In programming language, it is commonly referred to as the most important thing you need to understand about a problem. We spoke with our guests about just that. In each episode, we’ll break down a gnarly engineering problem and hear how the builder’s ingenuity and inventiveness led to a successful outcome.
Show more...
Entrepreneurship
Business
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Formic: Closing the Adoption Gap in Factory Robotics
High Bit
37 minutes 31 seconds
1 month ago
Formic: Closing the Adoption Gap in Factory Robotics

“Robots are the only way my business survives, but it’s not viable for me.”

Formic founder and CEO Saman Farid joins Brett Gibson, managing partner at Initialized to unpack why that mindset keeps factories from adopting automation and how Formic closes the gap.

They cover: de-risking with financing, productizing complete robot work cells, and running fleets with teleoperation, intelligent error recovery, and careful staging to hit factory-grade uptime.

You’ll hear why palletizing is the ideal first beachhead, how the team cut deployment costs roughly in half, and why they say no to one-off requests until they can be productized.

Saman also shares how the company resists “fun” engineering in favor of scale, injects controlled chaos into his company, uses daily 8 a.m. meetings for problem solving, and bridges the culture gap between the manufacturing and software industries.


Subscribe for more builder-level deep dives from High Bit.


Follow Formic and Saman for more:

Formic: https://x.com/goformic

Saman: https://x.com/samanfarid


Content

00:00 “It’s not viable for me”—closing the adoption gap

00:44 What Formic does & where robots work today

02:24 Engineer → VC → founder: why start Formic

04:38 Adoption vs flashy demos. Solve one task well

05:47 De-risking with financing; manual first, then automate

08:23 The playbook: scope, build modules, deploy, operate1

0:36 Work cells, not just arms

13:38 99.9% uptime15:01 Why palletizing was the first beachhead

16:49 Cutting costs per deployment

18:08 Saying “no” & expanding scope the right way

21:15 Resisting “fun” engineering to serve more factories

22:07 Injecting chaos into your company

23:34 Daily 8am to crack hard problems

25:40 Culture clash: manufacturing × software

27:24 Evaluating new robots, regional rollouts

31:24 Where AI helps across the org

37:11 What’s next: more robots, more tasks, more factories

High Bit
Welcome to High Bit, a podcast hosted by Initialized Capital managing partner Brett Gibson about the art of technical problem-solving. A high bit is the most significant part of the binary representation of a number. In programming language, it is commonly referred to as the most important thing you need to understand about a problem. We spoke with our guests about just that. In each episode, we’ll break down a gnarly engineering problem and hear how the builder’s ingenuity and inventiveness led to a successful outcome.