YouSaid · the spoken record

Mark Groden

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60
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2024-05-21
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2024-05-21
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1
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  1. “It simply wouldn't be able to fit, at least not till recently. And fortunately for us, Morris Law and a lot of other things that have gotten better over the last several decades allows the technology for the first time to be miniaturized and brought to an industry that has never before had that automation benefit. And then on top of having the processing power for the first time, you have to realize how to harness it. And that's been a lot of what we've been focused on is how do you write an operating system that leverages the best of the technology and the best of automation and the best of the human intention, the high-level decision making of the pilot, and bring that together to recognize a higher level of safety for this industry. And if you were to say, let's go do this even five years ago, I don't believe it would have been possible. I think what's just available to us right now based upon where the processing technology is, that we can take this type of technology that's existed in commercial airlines.”

    2024-05-21 · Invest Like the Best · Mark Groden - The Future of Flying - [Invest Like the Best, EP.374] · IDENTIFIED FROM THE TRANSCRIPT · source

  2. “Of people that come towards this industry and are willing to engage in flying these vehicles. The other piece is the technology. Up until recently, we haven't had the processing power available to write an operating system as we are or build automation technology for smaller airplanes and helicopters. So if you look at Part 25 airliner, this is commercial aviation. Beneath the cockpit is actually a giant room of boxes. And it's actually, it's a literal room. You can stand inside of and it's quite large. Those boxes are made by a number of different people in the industry and they are what is the backbone for the digital flyby wire system and the high levels of automation that support the pilots in those aircraft and ultimately drives them to the high level of safety that we all experience. If you were to try and take that room of technology and all those processors and those boxes and bring them to smaller airplane or helicopter.”

    2024-05-21 · Invest Like the Best · Mark Groden - The Future of Flying - [Invest Like the Best, EP.374] · IDENTIFIED FROM THE TRANSCRIPT · source

  3. “Yeah, I think general aviation is something that, at least historically, it's been something that we either opt into or we don't. Whereas commercial aviation feels like an integral part of how we live. And therefore, we all, if we want to be a part of modern society, must engage with it. And therefore, the safety statistics that the collective, all of us pushed it to, it's frankly beyond even the effective return on investment. It's just so incredibly safe and so much safer than any other mode of transportation that we engage in. If we were to make the same investment in another mode of transportation, we'd get outsized return for the increased safety benefit. But when you look at general aviation, it's something that people generally have to opt into. And for that reason, the technology and the safety related to it that people are willing to engage in is a little bit different. And so the skill that's been necessary to fly General Aviation Aircraft is so high that it really reduces the number.”

    2024-05-21 · Invest Like the Best · Mark Groden - The Future of Flying - [Invest Like the Best, EP.374] · IDENTIFIED FROM THE TRANSCRIPT · source

  4. “Yeah, so general aviation, there's roughly 400,000 airplanes and helicopters around the world that are flying. And inside the United States, on an annual basis, there's around 1,300 accidents and somewhere between 300 and 400 fatalities, which is frankly a quiet crisis, in my opinion, and is in large part why I do what I do every day. And the same is true for the rest of the team here at SkyRise every week. There's a downed aircraft because of something that technology and high levels of automation could prevent. But unfortunately, the technology that exists in Part 25 airliners hasn't yet made its way into general aviation for a number of reasons. And it's really holding back the safety and ultimately the adoption of this form of transportation into the broader community as a mode of transportation that's integrated into the fabric of our lives.”

    2024-05-21 · Invest Like the Best · Mark Groden - The Future of Flying - [Invest Like the Best, EP.374] · IDENTIFIED FROM THE TRANSCRIPT · source

  5. “Way is incredibly automated, which is an interesting side point. General aviation is not nearly as safe today as commercial airliners for a number of reasons, but if you look at the history of commercial aviation, it's gotten to the level of safety due to highly trained, highly skilled pilots”

    2024-05-21 · Invest Like the Best · Mark Groden - The Future of Flying - [Invest Like the Best, EP.374] · IDENTIFIED FROM THE TRANSCRIPT · source

  6. “So, commercial airliners, the aircraft that fly to and from gates around the world, this is what's known as Part 25 air transportation. Basically, you have Airbus, Boeing, and a bit of Ember Air that play in this market. And there's a couple tens of thousands, say, doing all that useful work. Outside of those aircraft, the rest of the world, that's non-military is what's known as General Aviation. So these are helicopters, airplanes of all size all the way up to, and in some cases past around 40 seats. everything that performs complex missions like firefighting and police operations, tourism, personal ownership, all of that, that's general aviation. Today, when we fly in a part 25 airliner, it is the safest mode of transportation per seat mile basis as compared to any other mode of transportation on the planet, with perhaps the elevator as the exception, which actually has a safer trip safety statistic.”

    2024-05-21 · Invest Like the Best · Mark Groden - The Future of Flying - [Invest Like the Best, EP.374] · IDENTIFIED FROM THE TRANSCRIPT · source

  7. “A safe and effective helicopter and small airplane, then I would have gotten to see my grandfather more often. And I believe that a lot more people would get to live out more opportunities in life if we can create more efficient transportation system in the sky to connect more people in places. So I still have that article on the wall. It literally hangs in my room from what he sent me. And it drives me every single day.”

    2024-05-21 · Invest Like the Best · Mark Groden - The Future of Flying - [Invest Like the Best, EP.374] · IDENTIFIED FROM THE TRANSCRIPT · source

  8. “End of my defense, my grandfather who died. And at that moment, I was like, wow, okay, A, we can all die, which as a kid, 26 year old, you know, it's obvious, but it really hit me. And then B, there's not a lot of time necessarily. So I just knew at that moment this is the thing that I wanted to dedicate my life to. And so immediately after defending my PhD, I jumped into Skyrise and had been doing it ever since. And part of what really drives me every day is there were long periods of time where I didn't get to see him. And it was because of that drive. And so it's just so frustrating to me because there was no way using our modern transportation system to effectively do that five-hour journey. It was like drive to the airport, go through security, fly for 45 minutes, and get on e-car get on the other side, which was still five hours. And so that flying saucer, that flying car future, I believe if we can realize.”

    2024-05-21 · Invest Like the Best · Mark Groden - The Future of Flying - [Invest Like the Best, EP.374] · IDENTIFIED FROM THE TRANSCRIPT · source

  9. “You can just fly to me. I'm a little kid, and I'm reading this article. It's from 1957. This is in the early 2000s now. And it says inside of five years because of plastics, we will all have these flying saucers we can fly ourselves places. And I'm thinking, wow, we really got something wrong because it's been a long time since that and this future hasn't been realized. And so at that moment in time, it went from building all these different things to all I wanted to build was model airplanes and helicopters. And I was fortunate enough to get pulled into an Air Force funded research project when I was 15, built first a kind UAV shortly thereafter. And then I worked in different parts of this technology space for basically all of my schooling and then got a PhD in Bayesian networks, which is a deterministic field of artificial intelligence. And as I was finishing my PhD, had a lot of different paths I could have gone. And it was literally the week.”

    2024-05-21 · Invest Like the Best · Mark Groden - The Future of Flying - [Invest Like the Best, EP.374] · IDENTIFIED FROM THE TRANSCRIPT · source

  10. “May get a little emotional, so bear with me. But I grew up in the Midwest and spent a lot of time traveling between different Midwest states. So this was upstate New York, Buffalo, Metro, Detroit, Cleveland, Chicago. And there's almost always a five-hour car ride to get from one place to the next. And when I was a kid, I was so excited about anything that was a transportation vehicle. For whatever reason, cars, boats, planes, helicopters, I just wanted to build models and I wanted to make these things work. And so I was about 10 years old, I had just moved away from my grandfather, who was the closest person in the world to me. And I wasn't able to see him that Thanksgiving because of the drive. It just didn't make sense that year. And he sends me this popular mechanics article from 1957. And it has a picture of a flying saucer on the front of the magazine. He writes in the note, he says, one day maybe you'll be able to see me more because we'll all have flying saucers like this.”

    2024-05-21 · Invest Like the Best · Mark Groden - The Future of Flying - [Invest Like the Best, EP.374] · IDENTIFIED FROM THE TRANSCRIPT · source