Most of you have not heard of Axon Enterprise. But there it is – a $57 billion company that has reshaped pretty much every police department in the United States. (San Francisco being the major exception.)

Rick Smith founded the company in 1993 and turned its major invention – the TASER – into a blockbuster product. Smith hoped the taser would lessen cops’ inclination to grab their guns by giving them a non-lethal option for dealing with dangerous situations. In more recent years, Axon has moved into body cameras, drones and software and data systems used by police forces.

Core Memory is a reader-supported publication. We need your help to do what we do.

The taser was never going to be without controversy, and Smith and Axon have found themselves under scrutiny time and again. John Oliver recently spent thirty minutes on a taser takedown and mocked Smith. In 2023, Reuters also went at Axon, accusing Smith of making up the company’s founding story, over-paying his executives and maintaining an “unusual” workplace culture. (In this podcast, Smith answers the founding story accusations for the first time with a journalist.)

Despite the digs and plenty of lawsuits, Smith has spent three decades on this singular quest of changing the nature of policing. Axon can point to plenty of data that show tasers have reduced officer shootings, and body cams have added transparency to the actions of both cops and criminals.

In its next turn, Axon hopes to build taser-equipped drones that can be used to assess and deal with incidents. Smith has even talked about using these types of drones to patrol schools and protect against active shooters – yet another controversial idea.

In this episode, we get into the history of Smith and Axon, how the company’s technology works, all of the controversies and where Axon is heading.

Enjoy!

The Core Memory podcast is sponsored by Brex, the intelligent finance platform. Like thousands of ambitious, innovative companies, we run on Brex so we can spend smarter and move faster. And you can too. Learn more at www.brex.com/corememory

The podcast is also made possible by E1 Ventures, which backs the most ambitious founders and start-ups.

This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit www.corememory.com/subscribe