Episode 18

Transforming Foundational Industries


May 19th, 2021

43 mins 32 secs

Season 1

Your Host
Special Guest

About this Episode

Augmented reveals the stories behind the new era of industrial operations, where technology will restore the agility of frontline workers. 

In episode 18 of the podcast (@AugmentedPod), the topic is: Transforming Foundational Industries. Our guest is Dayna Grayson, General Partner and Co-founder of Construct Capital, a newly formed VC firm.

In this conversation, we talk about how Dayna became a trailblazing female VC, her early thesis around the SaaS model as transformative for industry to avoid ERP lock-in, her experience from being on the board of many famous startups, including Formlabs, Desktop Metal, Onshape, and frontline operations platform Tulip. She explains why she co-founded $140m fund Construct Capital in late 2020. We discuss how software is transforming industries that have arguably been somewhat stale since the industrial revolution. She shares her approach to invest in and scale the startups by non-linear and product design aware founders; we look at some recent investments of hers, engineer workflow tool Copia, EV charging software ChargeLab, fresh food assembly automation Chef Robotics. Finally, we touch on the future of manufacturing. 

After listening to this episode, check out Construct Capital as well as Dayna Grayson's profile on social media:

  • Construct Capital (@constructcap): https://constructcap.com/
  • Dayna Grayson (@daynagrayson): https://www.linkedin.com/in/daynagrayson/

Trond's takeaway: Dayna Grayson is right about factories. The factory floor is a too limiting framework to use to understand emerging manufacturing firms. Production facilities might also become microfactories, industry products become tech platforms. What does industry look like 15 years from now? We won't even recognize it. The foundation is changing. Foundational industries, yes, but created in new types of foundries.

Thanks for listening. If you liked the show, subscribe at Augmentedpodcast.co or in your preferred podcast player, and rate us with five stars. If you liked this episode, you might also like episode 13 Get Manufacturing Superpowers, episode 10 A Brief History of Manufacturing Software, or episode 11 Empowering Workers to Innovate. Augmented--the industry 4.0 podcast.