Podcast highlights:
00:55 Tell us more about Makeblock -- Makeblock is a company whose aim is to help people create. Often people have an idea but need help on the mechanical, software, or electronics side of things. What we do is provide a platform to unify these elements and help people create.
12:15 What advice would you offer people in terms of how to get started? What things do you think are necessary to be successful in this field? -- You have to have an interest in what you're doing. Running a business is very very hard, so having that interest is important. Another recommendation is think differently. Many people fail because they just try to copy what someone else is doing and don't bring new ideas and products to market.
51:30 If you can leave listeners with some wisdom, what would it be? -- Do things that help people remain in the physical world. Keep building and creating!
Podcast notes:
NOTE: This episode contains explicit language.
00:05 Welcome Jasen Wang, Founder and CEO of Makeblock to Ashley Talks with Ashley Galina Dudarenok.
00:55 Tell us more about Makeblock -- Makeblock is a company whose aim is to help people create. Often people have an idea but need help on the mechanical, software, or electronics side of things. What we do is provide a platform to unify these elements and help people create.
01:50 The robots people create with Makeblock, can they actually be functional? -- Yes. Our platform has macro-parts that are strong and can be used in many situations. Mostly our robots are used for educational purposes, though.
02:50 Tell us about your personal journey. -- Learned design at university with the dream of becoming an aircraft designer. While doing a Master's degree, developed an interest in robotics. After graduating, moved to Shenzhen for the many opportunities there. Had an interest to start own company doing something with robotics.
06:40 Has your family supported you along the way? Are there other entrepreneurs in your family? -- A very normal family. Parents live in a very small town where they are farmers. There was not much help they could provide in terms of my career. They supported my decisions, however, and allowed me to do what I wanted to do.
08:06 Did you always have success at Makeblock or were there challenging times? -- In the very beginning, things were very hard. In the first three months, you have a lot of passion because you've just started the journey; but after there were problems and difficulties with financing in the first year.
10:55 How long has it taken you to reach your current level at Makeblock? -- Left first job in 2007 to join the incubator HAX. It was in 2012 where the first big steps towards Makeblock occured when we raised US$6 million in our Series A funding cycle. In 2017, we closed a US$30 million round.
12:15 What advice would you offer people in terms of how to get started? What things do you think are necessary to be successful in this field? -- You have to have an interest in what you're doing. Running a business is very very hard, so having that interest is important. Another recommendation is think differently. Many people fail because they just try to copy what someone else is doing and don't bring new ideas and products to market.
15:25 How do you see the market right now embracing your product? -- What we see is that STEM education is really taking off in China. The Chinese Ministry of Education is really putting focus on STEM and also on making. In China alone the market for STEM education is estimated to be worth US$8 trillion. Makeblock is now a leading STEM education company. This is a great opportunity for us. Right now our sales are about 30% within China and 70% outside China. Our other big markets are in America, France, Japan, Germany, and the UK.
19:18 One of the things you do is push your staff to...