American - Businessman | 1967 -
We're going to have robots in the home, but they're not going to be walking. Legs are complicated, unreliable and costly. Robots are going to look and be designed to meet the function they're supposed to perform. People will still name them and connect with them.
Colin Angle
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Our 2015 financial performance will continue to be driven by our Home Robot business. Home Robot revenue is expected to grow 10% to 12% in 2015 and comprise 90% of total company revenue.
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My Roomba's name is Roswell. There is the moment when you are sitting on the couch and Roomba turns itself on and goes out and starts working. You really appreciate it because it works hard for you, and it deserves some kind of recognition.
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When my daughter was 3, she was eating Cheerios and spilled some on the table. So she swiped them onto the floor. I said, 'Darcy, what are you doing?' She said: 'Don't worry, Daddy, the robot will get it.' I didn't know whether to be horrified or proud. It was this idea that homes take care of themselves and robots are part of that.
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At the World Cup, there is a constant risk that you might find a bag or some object that has been left behind, and no one is quite sure what it is. To bring in a full bomb-disposal team for each item can be very time-consuming. The PackBot can go over rough terrain, climb stairs, pick things up, and also be operated from a safe distance.
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One of the big things coming out of healthcare reform is a thing called the Community Living Assistance Services and Supports Act (CLASS) which is a mechanism to reimburse people staying at home for technology and services that allow them to stay at home.
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I was focused on building things from an early age. When I was about 3, our toilet broke, and my mother was ready to call the plumber. I told her I would fix it and asked her to get my Richard Scarry book 'How Things Work in Busytown.' Between the picture of a toilet and the text she read to me explaining how the parts worked, I fixed it.
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I thought boxes were the best toy. When my parents got a new car, I ran to my mother and said, 'Did it come in a box?'
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I learned to canoe at summer camp and thought I'd pursue Olympic whitewater canoeing. In my senior year of high school, I instead decided to attend M.I.T. I like to say I've had only two jobs in my life: whitewater canoeing instructor and wilderness guide in college, and C.E.O. of iRobot.
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If you ask the typical two- or three-year-old or a teenager what a robot is, they will think about a humanoid that does my homework for me or walks the dog. When I go and talk to kids and pull out the Roomba, it's not this big 'Wow!' moment.
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There are so many opportunities to make a bad decision in building a robot company on top of all the normal ways that entrepreneurs screw up that it is incredibly difficult to truly create value because it is so cost-sensitive.
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In the end, robots do things that people can do. So there is a cost above which you can hire somebody to do it, and that bounds the opportunity.
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