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Foundry Group Invests In MakerBot Industries

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Today we announced that we’ve led a $10m round for MakerBot Industries and I’ve joined the board. I’m super excited to be working with Bre Pettis, Adam Mayer, Zach Smith, and the rest of the MakerBot gang to create consumer-grade 3D printers.

When I first met Bre, Adam, and Zach at the Botcave in Brooklyn, it was love at first sight for me. The entry way to the BotCave has a series of Thing-O-Matics (the current MakerBot 3D printer) printing out all kinds of things. A display space of 3D things sits next to a vending machine with 3D parts in it, which all open up into a warehouse space full of tiny little parts neatly arranged and being put together in kits to be shipped. At the back were a bunch of people banging away on computers.

I took a deep breath and at that moment thought “I have to invest in this company.” I spent a few hours with Bre, Adam, and Zach and came away even more excited. I knew I had a massive nerd crush on them, but I also felt like if anyone was going to create a self-replicating machine that my father would buy, these were the guys. It’s well known by now that I believe the machines have already taken over – investing in MakerBot seems like another way to help them out.

Fortunately my partners loved the MakerBot gang as much as I did. But, rather than just theorize, I bought a MakerBot Thing-O-Matic and Jason, Ross, and I put it together. It’s been busy printing out all kinds of things for the past few months. The day we signed the term sheet, I made some Foundry Group coins (with the Foundry Group logo on the front and a $ on the back) and fedexed them to Bre. I wonder what he’ll make and send back to me now that we are investors.

I believe that we’ll look back in 20 years and 3D printers will be as ubiquitous as laser printers are today. We aren’t yet at the point that is equivalent to the first HP Laserjet in 1984, but I think we’ll see a comparable product from MakerBot within a year. In the mean time, I’m going to keep downloading 3D things from the Thingiverse and keeping my Thing-O-Matic busy.

August 23rd, 2011     Categories: My Investments     Tags: , , ,
  • Anonymous

    Super cool! I wonder what this can do for the price – a $10m round means some major redesigns/moves to mass production! Very exciting.

    • http://www.activetheoryinc.com Alex Gourley

      Yeah exactly – I’m excited in a purely selfish way. They should be able to half the cost or double the quality and either way I’m buying their next major revision. 

  • http://about.me/marx Nicholas Marx

    What were the coins made of? Are these printers limited to plastic?

  • Luis E. Rodriguez

    “And they are hard at work on their third generation printer.” AWESOME!

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  • Renny Gleeson

    wow – this is exciting – agree with @nateberkopec : if this helps bring down entry price = #epicwin. Smart move, Brad – and thanks for pushing this!

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  • http://about.me/johnmccarthy johnmccarthy

    Very exciting, an historic day……

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  • http://joseph.extendr.com josephrueter

    Brad! Awesome. As a kid who grew up in a construction family now deep in the startup world and staring at a screen all day I’ve been longing to make digital things physical. One of my businesses does that and now, as of two weeks ago may ToM does that too! 

    Extended story at mspmakerbot.comAs a Makerbot user and a start up guy I have some kind of provocation to say Thanks. Thanks for your investment. A little odd to say as I am saying it… but regardless… 

  • http://twitter.com/nanodome Nanodome Ltd

    Brad: may I ask what it was about MakerBot Industries that made it stand out for you from the wide, wide tier of world-changing-3d-printer-makers out there? I’d agree the whole industry is incrementally improving, but I’ll personally be quite surprised if a breakthrough product arrives anywhere near as soon as you suggest.

    • http://www.feld.com bfeld

      Time will tell. I think these guys have the goods to deliver something radically better at a dramatically less expensive price than anyone else.

  • http://www.andrewice.tumblr.com/ Andrew Ice

    Very cool Brad – they’ve been on my radar since Jake Lodwick seed funded them several years ago. I was surprised they had not taken venture money until now. We got a Thing-O-Matic at my last company and it made rapid prototyping innumerably easier.

  • Anonymous

    Go to play with one of these at Singularity University last summer and they are AWESOME. One of my classmates managed  to program the thing to play the the Imperial Death March while flashing all sorts of colors. Wish I still had the video.

  • Anonymous

    This is so cool! Thank you so much for investing in the future!

  • http://thesistown.com/ thesis help

    thanks a lot for the psot!

  • Tina P

    I saw a 3D printer on Fox News last year, it left me wondering a few things about this product and the entire industry.
    1)What are the applications? 2) What is the size range of the final product? 3) Will you be able to enlarge or minimize from the original? 4) Wouldn’t it be cool if they are able to synthesize the composition of the components of the original?  

    • http://www.feld.com bfeld

      1. The applications are “to print any 3D object you can conceive of.” The print size and fidelity is limited by the printer, but like the laser printer marker of the mid-1980s, is evolving – at least i MakerBot’s case – very rapidly.

      2. Tons of FAQs on this at http://wiki.makerbot.com/faq-frequently-asked-questions

      3. Yes.

      4. Yes!

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