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  • 3 months ago
Minimis have combined your smart watch and phone, and put it in your sunglasses, to streamline athletic performance.

There’s no more cocking your wrist to check your numbers, or taking your eyes off the road to tap on your phone.

Ideal for running and biking, it’s a product created by a finance lawyer and a medical engineer.

Joseph Guo is a young lawyer who’s worked at ASIC, IAG and Macquarie. He’s also a keen runner and cyclist, who saw a gap in the market.

Paul Skevington has spent 25 years working as a medical engineer, creating artificial hearts, and his most recent posting was robotics in China. He’s also a keen runner.

They’ve combined forces to make Minimis Smart Glasses. They’re backed by capital in the US and Asia, and they’ve about to take their product to market.

This is their story.

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Transcript
00:00:05G'day, hello and welcome to Sports Cutting Edge.
00:00:08We're here for the Australian Sports Technologies Network, ASTN, powering sport through innovation.
00:00:12And we're joined today by two gentlemen from Minimus, one of the most exciting and practical
00:00:17sports tech wearables on the market right now.
00:00:21It's a Sydney business that's getting massive capital attention in the US and in Asia.
00:00:26This is a business on the rise and we're very lucky to have Paul Schemington and Joseph
00:00:31Guo on the show today.
00:00:33First of all, I'd like to thank very much our wonderful sponsors, Daily Motion Pro.
00:00:38And today's show is proudly sponsored by Daily Motion Pro, sports broadcasters, clubs, federations.
00:00:43This is for you.
00:00:44Daily Motion Pro is the most complete video suite for sports broadcasters, clubs and federations
00:00:50helping you stream on every screen.
00:00:52Grow your fan base and monetize content.
00:00:55Backed by AI-driven features designed to engage fans and supported by expert teams, it delivers
00:01:01high-performing and immersive video experiences.
00:01:05With over 400 million active users per month and a network of 5,000 partners, Daily Motion
00:01:12Pro is a trusted provider across the sports industry.
00:01:15Find out more at pro.dailymotion.com.
00:01:18And actually, funnily enough, Daily Motion are tied up with another Parisian organisation,
00:01:24Paris Saint-Germain, the European champion soccer team, football team.
00:01:28And actually, here where I am in New York, I caught up with Ben Simpson, who's the innovation
00:01:33boss.
00:01:33He's an Aussie too.
00:01:34Ben Simpson, who runs innovation for PSG.
00:01:38PSG doing a pop-up in Union Square here in Manhattan.
00:01:41And we're actually talking about Daily Motion Pro and what they're doing over there in France.
00:01:45So, it all ties in very nicely.
00:01:47And tying in further, because as I say, you know, the biggest capital market in the world
00:01:52is centred here in New York City.
00:01:54And this Australian business, this Sydney side business, is making big waves here in the
00:02:00Big Apple.
00:02:00They are Minimus.
00:02:02And again, Joseph Guo and Paul Skevington, welcome to the show.
00:02:07Thank you, Mark.
00:02:08Thank you for having us.
00:02:10Mate, absolutely sensational to have you both on.
00:02:13And as I say, Minimus smart glasses, it's sort of like you've got a sports watch, a bike
00:02:17computer, and a phone all in one.
00:02:20And it's funny, I was just, I was looking through the product range and the different
00:02:24features, and it's so funny.
00:02:26I mean, I'm no good at all, but you know, I love getting out there and running and gym
00:02:30and all that.
00:02:31And the product is absolutely miraculous.
00:02:33Because all the things that don't usually work, you guys have come up with a solution
00:02:37for, including, I love like the grip on the nose rim.
00:02:40You've got a grip that stops it from slipping off your face, all the different things.
00:02:44So we're going to dive right into Minimus, your product, your technology, and your expansion
00:02:49through Asia and the USA.
00:02:51We'll get into all that very, very shortly.
00:02:53But I want to start off by talking.
00:02:55So Joseph, you've got a magnificent backstory, mate.
00:02:58You're out of Werribee, there in the western suburbs, the western region of Victoria, just
00:03:03outside of the city of Melbourne.
00:03:05A lawyer, a banker, you love athletics, and then you've started your own business.
00:03:10You started with Werribee Secondary College, then you got a full-ride scholarship to Monash
00:03:16University studying law.
00:03:17Very impressive.
00:03:18And then you worked with the Australian Securities and Investment Commission, and then a big
00:03:22high-flying corporate career was underway, Macquarie, then IAG, and you said, you know
00:03:27what, bugger it, I'm sick of working for the man, I'm going to do my own thing.
00:03:30And you did that in 2022, creating Minimus.
00:03:33And Paul, to yourself, I love the fact that we've got Joseph come from Werribee, you've
00:03:38come from England, Sheffield, Hallam, where you studied engineering, you moved to Australia
00:03:44the best part of 27 years ago, and you've had a magnificent career, as I say, working
00:03:49in engineering, medical devices, wearables, robotics, the whole thing.
00:03:53So I want to start off with Joseph.
00:03:56Joseph, as I say, you had a cushy life, you're earning good corporate dollars, and you decided,
00:04:01nah, bugger it, I'm going to do my own thing.
00:04:03Like, can you give us a reflection on what that moment was like, 2022, you found your
00:04:09own company, you start your thing.
00:04:11What was that time like for you?
00:04:14Just firstly, a correction on the record, it wasn't a full-ride scholarship, it was 60%,
00:04:19but it was still pretty sweet, because in Australia, the benefit of it is that your
00:04:27HECS, your university fees are deferred for the duration of however long you can pay it
00:04:33back over your working life, whereas the scholarship was just paid immediately.
00:04:37So it felt like I was just getting paid to go to university, so pretty crazy back then.
00:04:44But back to the question, what it's like, I guess the thought process for me was, I don't
00:04:51have kids yet, and I'm young, and I thought, now it's the lowest opportunity cost it's ever
00:04:59going to be, later on, there'll either be golden handcuffs, or in the sense that you get
00:05:07paid a lot, that it's hard to justify not working.
00:05:13And also you have, you know, you get married, you have kids, and you have the familial risk
00:05:17factor, that it becomes much harder to drop everything and pursue something really left
00:05:23to fill, like a completely new miracle sunglasses.
00:05:26So I thought, if not now, then when?
00:05:30And so the answer was, it had to be now.
00:05:34Or the other time would be kind of similar to Paul, have a really illustrious career, be
00:05:41financially secure, and then take the risk.
00:05:46But I thought, I think the timing was just good as well.
00:05:51And Paul will talk more about this, but the tech stack was just lining up nicely for this
00:05:55to happen.
00:05:57And so I just thought, now or never, if not me, then who as well?
00:06:02It's nice to earn good money from corporate, but I felt like I could do that any time, in
00:06:11the sense that my philosophy in life has always been, what can I come back to, and what can't
00:06:18I come back to?
00:06:19And what I tend to strive for is the, what can't I come back to, knowing that there is sort
00:06:26of a backup pathway available for me that do choose to come back.
00:06:31Yeah, gotcha.
00:06:32And mate, I love the integrity and the fidelity to the truth.
00:06:35I can see you worked at ASIC very nicely with the full ride scholarship versus the 60%.
00:06:40I love it.
00:06:41So a very honest person, a very honest person we're dealing with here.
00:06:45And I just want to get into also, Joseph, like, was it, did you go out for a run one
00:06:52day and you had a nice pair of, you know, $1,000 Oakleys that slipped off your head, or
00:06:57were you grabbing for your phone?
00:06:58You almost got run over by a bus because you're looking at your phone.
00:07:01Like, what was the crowning moment where you actually conceptualized the smart glass technology?
00:07:102018, when Strava was just starting to spread organically through networks.
00:07:14And I remember, you know, having three friends on Strava only.
00:07:18And so that's when I got into running and I ran a lot, quite long distances.
00:07:24And I just had to carry my phone either on my hand or on an arm strap.
00:07:30And I didn't have a running watch at the time, eventually got one.
00:07:35But in all instances where I'm running either with a watch or with a phone strap or holding
00:07:42the phone, I just thought this is a really silly form factor or fitness tracking, because
00:07:47you're interrupting the flow, you're looking down, and you're making these awkward movements
00:07:53as well if you have a watch.
00:07:55And then I just thought it's not ideal.
00:07:57And I thought this is maybe, I thought this is something that will change eventually.
00:08:04If not me, then someone else will do it.
00:08:06I thought, why not, like a lot of people run with sunglasses.
00:08:10And so why not just merge it into sunglasses?
00:08:12And then you don't have to look down.
00:08:13And then you also don't have to carry multiple devices.
00:08:16So as a runner, the value proposition for me was just very natural.
00:08:19And I thought, surely some tech bro in the valley or someone in China is going to build
00:08:24this, right?
00:08:24Yeah.
00:08:25And then four or five years later, nobody, people trying, but nobody's really focused on
00:08:31standalone as much as we are.
00:08:33And so I was like, wow, so if no one's going to do it, then surely I'll do it.
00:08:39I'll solve a problem that I have.
00:08:41The moment that really solidified how important it is was when I took up cycling, because people
00:08:47started asking us, hey, can you build this for cyclists?
00:08:50I think the value proposition is stronger because it's more dangerous when you're looking down.
00:08:55So then I was going down a hill.
00:08:58At the time, I started with e-bikes and going down a hill, 50 k's an hour, and just looking
00:09:04at my phone that's mounted there and the bike computer as well, I have two devices.
00:09:09I was looking at one of them for the next turn.
00:09:11And then the car rolls out of the driveway and I am completely blind.
00:09:15And I skidded past them at the last moment, maybe 10 centimeters away from their bumper.
00:09:22And so otherwise, I would have full stacked it on their bonnet.
00:09:29That moment was like, okay, well, this is a real problem for cyclists.
00:09:32And then since then, I've spoken to many cyclists who say, yeah, you don't need to tell me that.
00:09:37I got PTSD from an actual incident because I was looking down at my bike computer or at my phone.
00:09:45And so I think maybe the other moment was yesterday.
00:09:50I got extremely frustrated at my bike computer after a long ride because it was just,
00:09:58yeah, I've got the full stack of Garmin equipment, all the Garmin biocomputers and sensors.
00:10:03And don't get me wrong, they are extremely impressive hardware-wise and software-wise.
00:10:09And they've built this expertise over many decades.
00:10:12But I was extremely frustrated because the accuracy was just not there.
00:10:16And it was saying, I only burned 300 calories over two hours.
00:10:22And then the heart rate was like low.
00:10:26And then I've just had all these problems with the sensors and the data.
00:10:30And I was just like, it's so frustrating.
00:10:32The tech stack hasn't been improved on since the early 2000s.
00:10:37It's the same sort of tech and software that's being recycled over and over.
00:10:41And I don't think, I think this is one of those sectors where people just, it's kind of like Nokia,
00:10:50I'd say.
00:10:50Like Nokia in the 2000s, 2010s, when people are just like used to it.
00:10:55And there's no real, like it's very reliable, rugged technology, but it's also like not the most consumer friendly.
00:11:05And so when the iPhone came out, it just completely wiped Nokia off their map.
00:11:09And so we're, we're kind of seeing the industry as a whole as, as what it is now, kind of
00:11:15like the Nokia versus iPhone or like the windscreen GPS was versus the iPhone, like legacy form factors that haven't
00:11:23been innovated upon for the last 10, 20 years that are ripe for disruption.
00:11:29And I'm actually to this day surprised that all startups aren't seeing what we're seeing, perhaps because it's a very
00:11:35hard problem to solve.
00:11:36Yeah, absolutely.
00:11:38And I know there with you arm in arm solving that problem is Paul and Paul, as I say, reflecting
00:11:44on your journey, you know, growing up in there in the north of England, coming out here back in 1999,
00:11:50just before the, the turn of the millennium, you as to, to quote your great business partner, he had an
00:11:56illustrious career working in the medical industry as an engineer.
00:12:00So you do all that, so you do all that, you yourself are on a comfortable wicket and you decide
00:12:04to get in and put your shoulder to the wheel to work with Joseph, with Minimus.
00:12:08Tell us, you know, your side of that story, Paul, what got you enchanted by this product and this opportunity?
00:12:15Sure. So, um, I think, um, just speaking to my background, um, I've been working in engineering, obviously for, for
00:12:24decades. Um, I, I am a unashamed nerd. Um, I, I've been very lucky. I've had a, I've had a
00:12:33very good career to date. Uh, and I think partly because I've chosen the products I want to work on,
00:12:39which I think is a privilege that, you know, some people don't get in life.
00:12:44I've, I've, I've always been, you know, supportive family and, uh, um, not averse to taking risks. I've just, I've
00:12:51just found problems that need solving, um, and products that, you know, are maybe not easy to do, but certainly
00:13:00exciting to build.
00:13:01So, you know, that's, you know, artificial heart or robotic exoskeletons and, uh, you know, various other, um, products I've
00:13:10worked on. So, um, I think for me, um, I was looking, I'd come back to Australia.
00:13:18I'd just been working, uh, for China, uh, working in China and New Zealand for a robotics company, uh, and
00:13:24I was looking for the next exciting product that I thought, you know, the most logical thing would have been
00:13:30another medical device.
00:13:32Um, and I, uh, I actually saw, uh, uh, an advert on LinkedIn, uh, just, you know, hardware startup, stealth
00:13:40startup.
00:13:40You see a lot of these adverts going out, mostly AI, um, quite often asking, asking for someone who can
00:13:48do everything, um, and, uh, and not much other detail, but this one mentioned hardware.
00:13:54So I met Joe, um, and we, we hit it off.
00:13:57We, we got a lot of shared interests, um, very interested in history.
00:14:03We just, we just hit it off and Joe, um, has been trying to solve a problem that I have
00:14:10as a runner.
00:14:11Um, you know, I, I've been using, I'm an early adopter as well.
00:14:17So I've been using, you know, heart rate monitors right from the very first, you know, polar heart rate monitors,
00:14:24uh, chest warm straps.
00:14:26Um, I've been through various models of those.
00:14:28I've made my own, uh, back in the past and, uh, the, the challenge has always been, you know, um,
00:14:35stats, um, matter a lot.
00:14:37They matter a lot to me when I run, um, because if I'm running by myself, I've got nothing to
00:14:43benchmark against.
00:14:44So, um, you know, for me, always being able to see my heart rate, heart rate zone nowadays, VO2 max
00:14:51or VO2 max calculation, uh, uh, speed, pace, cadence, all, all of these things are very important to me.
00:14:58Uh, and I think, uh, Joe mentioned earlier on, um, I was having the same problems as him in that
00:15:05I was, I was running Strava, which is a great app, um, or running all trails if I was, uh,
00:15:10running off-road.
00:15:11Uh, but all the information would be on a phone strapped to my arm, um, and to really see it,
00:15:18I'd have to stop.
00:15:19So if I'm doing cadence work, um, or even, you know, the watches are much better, but there's a, there's
00:15:25a limited amount of information you can get there.
00:15:27And if you're doing cadence work, um, I find that just, that goes to pot whenever you, uh, whenever, whenever
00:15:34I raise my wrist and start running.
00:15:36So to me, I could instantly see, uh, the problem he was solving.
00:15:41It's getting all this information, um, you know, there's a, there's a data connection, heart rate, speed, uh, cadence, everything
00:15:51else that can be done using a smartwatch paired to a phone.
00:15:57Um, or, uh, you know, for a cyclist, a cycling computer compared to, uh, to a phone, uh, but it
00:16:03actually gets it all in one, uh, and it's in your field of vision, which is what I need.
00:16:08You know, I don't, I don't need to look at it all the time, but it just needs to be
00:16:11there in my peripheral vision, uh, to stop me being lazy, you know, to stop me just running in zone
00:16:17three when I should be running in zone four.
00:16:19Or, or, or, you know, if I'm, if I'm off road, um, you know, using, using, uh, using, uh, uh,
00:16:26checking my way as a quick excuse to stop running for a minute or two.
00:16:29So, uh, keeps me honest.
00:16:31So yeah, for me, it was, it was a no brainer.
00:16:34Um, and, uh, it was also a problem that could be solved right now.
00:16:40Um, yeah.
00:16:42And, and I just, so absolutely, you've got a huge gap in the market that you've both identified.
00:16:48You've had personal experience with it.
00:16:50Um, and, and so you think, okay, we're going to tackle this.
00:16:53I want to just run people through a couple of basics of the product.
00:16:56And, and I mean, people, you know, on the second screen, if they're watching this or if you're listening, I
00:17:00highly encourage you all, uh, to have a look at minimus.life.
00:17:05Minimus, so M-I-N-I-M-I-S, so minimus.life.
00:17:11And you'll see what we're talking about for yourselves.
00:17:13But I just sort of want to run people through a few of the, the different specifics of the product,
00:17:18because I think this is where you win people, because it's just so practically applicable.
00:17:22So you've got the, the pin tilt display, so it doesn't obstruct your natural view.
00:17:28So it's not like you've sort of got a whole heap of, you know, graphics in front of you and
00:17:31you're running straight into the tree because you're looking at the pie graph.
00:17:34You know, you've got that natural view.
00:17:37So the pin tint display, um, you've got the non-slip nose pad, which I speak of before.
00:17:42Or, like, forever and a day, you've got sweat, you've got heavy glass, and it keeps dropping down.
00:17:46This keeps it perfectly in place.
00:17:48UV 400, which is sensational, because obviously such a factor there with regards our eyes and skin cancer, etc.
00:17:56Anti-fog, which anyone that's ever done a decent workout will be able to relate to that.
00:18:00Um, the lenses actually adjust as you go in a different shade.
00:18:04So, for example, if you're going for a run in Melbourne where you get the four seasons in 20 minutes,
00:18:08it will actually naturally adjust so that when the sun goes behind the clouds and it's, like, all dark and
00:18:13grey and gloomy, you're not, you know, again, running in the dark.
00:18:16It actually naturally lightens up as the atmospheric light diminishes and vice versa.
00:18:22And you can put the prescription inserts in as well.
00:18:25So, so practical.
00:18:27Um, guys, can you give us, both of you, I mean, Paul may beat yourself off the top from an
00:18:31engineering point of view.
00:18:32Can you, better than me, describe a little deeper as, you know, what the product is in and of itself,
00:18:38please?
00:18:39Sure, yeah.
00:18:40So, um, as I said before, it's a self-contained product.
00:18:45So, it's, um, sports sunglasses, just like, you know, you see many cyclists and runners using.
00:18:50Uh, but inside the sunglasses, uh, you've got a phone, uh, effectively.
00:18:57You've got a fully functioning Android phone.
00:18:59Uh, you've got a full-color display.
00:19:03Uh, you've got heart rate monitors, um, and, obviously, you're able then to connect, uh, Wi-Fi, Bluetooth, um, 4G
00:19:13data, 4G data and, and phone, uh, and also, um, Amped Plus, which is, that's a, a protocol people use.
00:19:22It's, it's used a lot in bikes, a lot of Garmin products use them, power meters, radars and things like
00:19:28that.
00:19:28So, basically, it's, um, it's able to measure your, measure your speed, attitude, uh, velocity.
00:19:40It's able to measure your heart rate, and it's able, it acts as a hub, uh, to anything else you
00:19:44might have.
00:19:45Less so as a runner, but more so as a biker, you know, any peripherals you have on.
00:19:49Um, so, effectively, you could go out for a ride or a run.
00:19:53You don't need, you don't even need to take your phone with you.
00:19:56You don't even need your smartwatch on, um, all of that functionality's in the device.
00:20:01And, uh, this is a real sort of, you know, the opposite of an intelligent question, but how, how does
00:20:08it all fit in there?
00:20:09How do you get the heart rate out of, like, how does it work, Paul?
00:20:12How does it work?
00:20:14Okay.
00:20:14Um, so, all of this functionality has been available for quite a few years, albeit in phones, in, in watches
00:20:24and everything else.
00:20:25Everything existed, um, but it's only just been in the last couple of years that things have got small enough,
00:20:33low power enough, bright enough for the display, which is a, which is a major thing here.
00:20:39There were plenty of displays before that, and, and nowadays in products that work great when you're inside.
00:20:45Uh, you know, if you want spatial computing, if you want to play games or run meetings using smart glasses,
00:20:51that's great.
00:20:51But don't work in, in bright sunlight, and more importantly, if you're, if you're running through a, um, forest in
00:20:58Australia, where it's ultimately bright and dark all the time, there's a great display to do that.
00:21:03Um, so I think, uh, obviously, you know, the, the, the parts of this have come of age, you know,
00:21:10that they're, they're reliable enough to use, but the, the biggest challenge for us, uh, is to fiddle this into
00:21:17a device.
00:21:17I mean, if, um, if, um, if you think about prototyping, the last product I worked on was a robot,
00:21:23and that had, you know, wifi and Bluetooth.
00:21:26Now, as a, as a product designer, you can buy a module pre-certified, ready to slip into a bigger
00:21:34product, uh, that makes things much easier.
00:21:38Someone else has done the hard work, you know, the RF, the, uh, all the hard work there, uh, and
00:21:43you just bring it into your product.
00:21:45But for, for, for us, we've had, uh, we've had to design the modem ourselves.
00:21:50So, again, take, you know, we've not reinvented the wheel.
00:21:54These are chip sets that are available, but no one, for all the IoT internet of things, tile tags, and,
00:22:01you know, um, Apple trackers, and all the other products around there, there's nothing small enough, or in the right
00:22:07form factor to fit into glasses.
00:22:09So, effectively, we've had to take the hard road, and, and take all that, and design it so that it
00:22:16fits in the device.
00:22:17And also, uh, what we're working on now is, um, running it in a way to minimize power consumption.
00:22:26Because the, the lower your power, the smaller your battery, or the lower your power, the longer the battery you
00:22:32have is going to last.
00:22:33So, there's a, there's a number of challenges we've had to solve here.
00:22:37Extraordinary.
00:22:38Uh, Joseph, just in a moment, I'd love to hear the way you've been able to take this to market.
00:22:42Because the, the business that you're running on this is exquisite.
00:22:45But, Paul, just before we get to that, can you give us a little bit of a look under the
00:22:49hood?
00:22:50I mean, you know, don't give away too much, obviously.
00:22:52But, like, how do you create that?
00:22:55As you said, you've got the challenge of trying to bring all these different components into one piece,
00:22:59and do it at a small enough size to be able to make it work.
00:23:03Um, from an engineering point of view, I mean, you're someone that built artificial hearts.
00:23:07So, obviously, clearly, it's not beyond you.
00:23:09But how do you, do you sketch it out on a bit of paper?
00:23:11And then you start thinking about how we, like, how do you actually do it?
00:23:15How do you breathe this stuff into life?
00:23:19Okay, um, yeah, very interesting question.
00:23:22So, um, I think the way I approach a product design, um, is I'm, I'm top down.
00:23:34I, I think of the system.
00:23:36When I, when I started my career, I was very much bottom up, you know, like, here's the problem.
00:23:40Reduce it down.
00:23:42Solve this bit.
00:23:43Move to the next bit.
00:23:44Solve it.
00:23:44I suppose when you're, you know, when you're, you're looking at a product, um, the product isn't just the thing
00:23:52you see.
00:23:53I've got a pair of the glasses here.
00:23:54It isn't just this, uh, uh, the actual glasses.
00:23:59Of course, um, you've got to fit it into a case.
00:24:04And that's, that's a charging case.
00:24:06And so you've got to, you know, the contacts have got to fit inside the case.
00:24:12Uh, if you're not using a case, you've got a charging cable.
00:24:16Um, uh, I'd, I'd just basically think of the, the product as a whole, um, spend as much time as
00:24:24I can understanding how users would use this.
00:24:28And I know John, Joe has done a lot of, a lot of work with our, with our backers and
00:24:32subject matter experts.
00:24:33So, you know, it's easy for me.
00:24:35I've got a certain way of looking at things because I'm technical.
00:24:38But how does someone who's, um, very sports focused and not technical think about how they do it?
00:24:44So, um, really for me, it's a case of, um, you know, once we've come up with, with something that
00:24:51will work, how do you then break that down?
00:24:54As I say, well, you know, what, what does the software do?
00:24:57What functionality do we get out of software?
00:24:59What functionality do we get out of hardware?
00:25:01Um, one of the parts that are extremely specialist, like that mentioned RF, um, you know, antenna, antenna theory, um,
00:25:15that's obviously very important for, for Wi-Fi, Bluetooth and, um, and 4G, LTE.
00:25:21Um, I'm no expert in this, so it's, um, I think as, um, you know, you've got to reach out.
00:25:28We have to find the people who've done this before, companies that have done this before, who were able to
00:25:33help us, um, bring this together.
00:25:36Um, so I think my perspective is I, I get into the, we're a startup.
00:25:42So, so obviously I have to get right down into the detail and the design, um, uh, but I, I
00:25:48also think my, my role, you know, you know, project managing and systems engineering is obviously very important to, uh,
00:25:55to make sure everything comes together.
00:25:57Oh, God, yeah.
00:25:59All right, Joseph, I want to get your side of this because, I mean, you've got this phenomenal product, so
00:26:05practically applicable, uh, so user-friendly and filling a huge void in the market.
00:26:11But as you say, no one else is filling that void in the market.
00:26:14You sort of discovered the problem in 2018.
00:26:16By 2022, no one's come up with the solution, so you do.
00:26:21Um, how have you gone in the last four years of getting this to market?
00:26:25And as I say, the, the capital interest that you've been able to attract on the east and west coast
00:26:30of the US, throughout the UK, Europe, Asia, et cetera, shows that clearly you've got a number of people in
00:26:36your corner that are willing to put their money where their mouth is.
00:26:38Um, how have you gone about taking a really awesome product, but then actually being able to convert that into
00:26:44something more?
00:26:47Thank you, you're very kind.
00:26:49Um, first of all, we're, product's not there yet, so still quite a bit of work to do, but we're,
00:26:55every day we grow stronger, particularly as the journey's been three and a half years in.
00:26:59So, um, I wouldn't quite say we're very, very useful yet, but, uh, definitely the, the goal is to be
00:27:07something that people use day in, day out for, um, many years.
00:27:13And so, with that in mind, I guess the, how have we gone about commercializing?
00:27:21It's been, I'd say it's been a very difficult journey in the sense that it's very hard to, as an
00:27:29unproven founder, I mean, both Paul and I have industry experience, but I guess we're not the typical Silicon Valley
00:27:36guy with a couple of exits under their belt.
00:27:39So, we are very much coming to America, to Asia, as outsiders, as not your typical combo of founders.
00:27:49And so, it's been quite an uphill battle, I'd say, over, over the years, trying to convince people to trust
00:27:56us.
00:27:57Um, but I think the, the benefit of, um, being three and a half years in and being very upfront
00:28:06about and very transparent about our, our hardware journey is that people can see all of the evidence that we've
00:28:13been building over the years at this thesis is something that's actually real and that the tech is actually getting
00:28:19there.
00:28:20Um, but yeah, it's definitely been, uh, it's been a very difficult journey, but I'd say, um, people have been
00:28:27very kind to us across the world in terms of trusting us.
00:28:30As you say, uh, money is not easy to come by, particularly a lot of people work very hard for
00:28:37their money and so, and to them to say, risk it on us to bet that we will become the
00:28:43next big thing and wearables is like a huge compliment, uh, to us.
00:28:48Um, so yeah, very honored that people trust us as well.
00:28:52Um, but yeah, in terms of commercializing, it's the, um, it's hardware in terms of consumer hardware.
00:29:00It's always hard to, because there's nothing really to show people as you're building it.
00:29:06There's a lot of capital investment that goes in before you can actually ship anything out that won't, you know,
00:29:12blow up on people's faces and sort of thing.
00:29:14So it's, uh, it's, it's, it's very important to, I'd say, manage expectations.
00:29:21And we've been, I think transparency is our key strength.
00:29:25We've been providing pretty much monthly updates.
00:29:27We're very open to all of our investors and all of our customers who have pre-ordered about the progress
00:29:32of things.
00:29:33And I think that's very important.
00:29:34Uh, you see a lot of consumer hardware projects on Kickstarter, um, you know, go through similar delays.
00:29:44That sort of thing.
00:29:45Everyone expects themselves to go out to market in a year.
00:29:48I expected ourselves to get out to market in a year before I realized how monumental of a challenge we
00:29:55face in terms of technology.
00:29:57And then I realized, okay, this is a long journey.
00:29:59Um, but something about us, both of us enjoying endurance sports, I'm more of a cyclist now.
00:30:06Paul's a long distance runner.
00:30:07Um, I think it's like the fun of a long ruling journey is, is part of the joy of building
00:30:15a good startup.
00:30:16I think both Paul and I are sometimes like, oh, should we just have done AI instead?
00:30:20I could have done, you know, AI for law or like Paul could have done, you know, something AI for
00:30:25medtech.
00:30:26Um, but then we, we realized, and I've got lived experience as well with a side product, um, Minimus Phone,
00:30:33which is another story.
00:30:34Um, but we aren't really too terribly passionate about pure software, um, mainly because it, at least we find that,
00:30:44um, it's important to have a technical differentiation with what you're building.
00:30:50Um, and that's something that's very important for both of us to have tech substance behind what we do.
00:30:58Um, but yeah, back to commercialization, um, Elon's not very popular in Australia, but, uh, um, and, and even in
00:31:06America, they say, but credit where credit's due, he is a master of selling a vision.
00:31:13And so when you're pre-product and consumer hardware, that's really where, where, where you have to be, where it's
00:31:21selling a vision and also have the substance to back up the vision.
00:31:25And that's where, I guess I, I've dreamt up this idea and then Paul's been really, really good at actually
00:31:32making that idea happen.
00:31:33And that's where, uh, some of the early, earlier commercial success we've had has come from, um, a good amount
00:31:42of teamwork and selling a, selling a dream and also fulfilling a dream as well.
00:31:46But we are still got a, got a while to go.
00:31:48So I wouldn't call ourselves like a successful case just yet.
00:31:53Well, mate, I think you're well and truly on the way to that.
00:31:56And, you know, I mean, as they say, what comes easy, doesn't last.
00:32:01And what lasts doesn't come easy and you're doing the hard yards to get that sustainable success.
00:32:06Tell us how, how, what was your time in San Francisco last year?
00:32:10The founders in residence work that you did there, just sort of trying to really fine tune your product.
00:32:15Can you give us an insight into that SFO time, please?
00:32:19Yeah.
00:32:20So for context, we first went to SF and 2024, uh, as part of startup world cup.
00:32:28Uh, and so we're all Australian audience favorites.
00:32:32Uh, so we didn't make it to SF to pitch on behalf of Australia, but we were, we still got
00:32:40free tickets to the show.
00:32:42We still have to pay for their fares, but we got free tickets to the show and we thought it
00:32:47took a bit of convincing for us to go.
00:32:48The, the, the show hosts in Australia, uh, Ramon, who's now moved on to Gandul Invest.
00:32:54Um, she was very adamant that SF will be really good for us.
00:32:59And so it took a bit of convincing.
00:33:00We didn't really want to go.
00:33:02And then we went and then I think both of us, well, Paul's been, Paul's been, but, um, to me,
00:33:07it was my first time.
00:33:08And then I was like, wow, this place is amazing.
00:33:10Uh, the pace people move at is amazing.
00:33:12Like people are really open and friendly.
00:33:15And so I felt like that was my spiritual home.
00:33:18And so, um, I guess our first taste was, was startup world cup.
00:33:23And then it was lined up perfectly with tech week, um, in 2024.
00:33:28And then we made a whole bunch of friends.
00:33:30Uh, I think off that journey, we actually received a, I guess, an investment rights offer as well.
00:33:38And so we're like, wow, this, this, this place has real potential capital and all these heavy hitters there.
00:33:47And then in 2025, I spent half a year in the U S or NYC, where you are at the
00:33:54moment, LA, uh, Chicago, and then SF as well.
00:33:58Both of the time in SF and, and yeah, as you had mentioned three months in, uh, accelerated called Founders
00:34:04Inc.
00:34:04Like, and I was part of a cohort there of, uh, really, really cool hardware builders from across the world.
00:34:11And, and we had a tiny lab, which, um, isn't as good as what we have in Australia with, uh,
00:34:18CSIRO.
00:34:19Obviously they, they, they, they have really good equipment here.
00:34:22But some, in terms of the atmosphere, it was just all these, you can imagine like all these really ambitious,
00:34:29often quite young founders in, in a, in a giant warehouse,
00:34:33just hacking at different problems, sharing knowledge about hardware, about commercialization, about funding.
00:34:40And so it was just, uh, an incredible community of, of people there.
00:34:45I learned so much.
00:34:46I met, made really good lifelong friends.
00:34:48Um, and yeah, in terms of commercial value, it was pretty important for us to, I guess, get on the
00:34:59radar of people in the Bay.
00:35:00And that's what we did and they pushed us really hard to do that.
00:35:03So I spent a lot of my time biking on the road in, in the Bay area, north to south,
00:35:09um, mostly north of the bridge, just biking to different bike shops.
00:35:13And then like pulling up with a, at the time, like a pretty rough prototype that was 3D printed and
00:35:19wire driven.
00:35:20And so, and then I started selling the, the vision.
00:35:23I'm like, Hey, we've got this prototype right now.
00:35:25Have a try.
00:35:26But our vision is to, um, is to replace the bike computer that you're selling.
00:35:31Um, and, and, um, and yeah, and we, I think we managed to get 11 shops on board, um, with
00:35:39some sort of commitment.
00:35:41Uh, and so, yeah, it was, it was really good.
00:35:45It was a, quite a daunting experience.
00:35:47I think if I wasn't in America, I wouldn't do it.
00:35:49Uh, first off, if I wasn't pushed by the accelerator, I wouldn't do it.
00:35:53Um, but it provided the important, I guess, skills and training, uh, that, the confidence and, and I guess the
00:36:02pressure really pushed me to be good at the, the cold pitching as well.
00:36:07I want to get into that, Joseph.
00:36:08It's such an interesting point you make about the, the spirit that is in America and the way it does,
00:36:14like it gets inside you and, and, and it does help you to think bigger than maybe you otherwise would,
00:36:20although you clearly already do that.
00:36:21But, but, but, you know, and it, it helps give you that little, uh, little extra oomph to go and
00:36:27put yourself out of your comfort zone for, for, you know, a lot of people that listen to the podcast
00:36:31are startups, they're founders, they're trying to get things going with their particular product or service or what have you.
00:36:38Um, how would you describe the impact as someone that, you know, grew up in Werribee, you did law at
00:36:43Monash, you're living in Sydney, um, coming to America and being there in that, you know, that, that tech, uh,
00:36:50absolute, you know.
00:36:51Oasis in California, um, and then New York where you got all the, you know, the energy over here on
00:36:57the East coast.
00:36:58What impact did that have on you?
00:37:00How would you describe it and, and how would you compare it to how challenging it can be in Australia
00:37:06to, to really ignite?
00:37:09Hmm.
00:37:10I'd say when I first went to America, particularly SF and also New York, it felt like there's a Chinese
00:37:16proverb where it's like a frog popping out of a well.
00:37:19Yeah.
00:37:20Uh, and then it's like, Oh my God, this is the, the world is so big.
00:37:24Yeah.
00:37:25Um, and you know, Australia is like, um, if you, if you stay too long in any country, right?
00:37:32You're, you're essentially a frog at the bottom of the well because you don't see how big the world is.
00:37:37And so, yeah, like first going to America, it was, it was a mixture of a bit of fear as
00:37:44well.
00:37:44Cause you, you know, and I remember telling the Paul, I'm like, Hey, uh, SF has a pretty bad reputation
00:37:50for like street safety.
00:37:51I like New York is, there's a little, I hear, you know, all these things.
00:37:56Right.
00:37:56And then, so I like mass shootings and that sort of thing.
00:37:59So I was like a little bit scared about like the safety aspect, but also excited about the opportunity.
00:38:06And, um, how do I say it?
00:38:09It's, uh, America definitely, it, the, the upside is unlimited.
00:38:16I'd say you can, particularly in where you are in New York, you can, you can do whatever you want.
00:38:22Literally the world is always in New York city alone.
00:38:24Um, but also I, I see a lot of like downside risk as well.
00:38:30So, you know, you see, um, obviously the welfare system isn't as strong or the healthcare system isn't as strong
00:38:36as Australia.
00:38:38So, uh, the, the, the destitution between the difference between the haves and the have nots is pretty obvious on
00:38:44the streets.
00:38:45And, um, I guess that's what you get with, uh, peak capitalism, I guess.
00:38:49Um, and so, um, yeah, it's, uh, I do think it's worth nuancing.
00:38:56Like when you go there first, everything's like rose tinted, but then after you stay there for a while, it's
00:39:01like, okay, I see like there's pros and cons to every country.
00:39:04Right.
00:39:04And, um, I guess, really is a brilliant country to live in, uh, entrepreneurship wise.
00:39:10It's a little challenging because of the conservatism and the entrepreneurship culture and in terms of, you know, only sort
00:39:17of backing through the winners.
00:39:19And, um, but, you know, the, the flip side of that is that it's extremely capital efficient.
00:39:25And our VCs in Australia produced some of the best outcomes per dollar spent.
00:39:30And I think we're like number one or I think number one most capital efficient ecosystem in the world.
00:39:36So we, we back things that are substantial.
00:39:39And, and so, um, lack of access to capital in Australia is tough, but also at the same time, I,
00:39:47I don't fault anyone here for being conservative.
00:39:50Right.
00:39:50It's a, it's a young, it's a young tech industry.
00:39:53Um, and you have to prove, prove that it's lucrative, that, that it's actually, the risk is lower.
00:40:01So then you get more people on board and then you can start taking higher, higher bets on, on risk.
00:40:07Yeah.
00:40:07And I, it's interesting because I've heard that sort of story a few times with regards.
00:40:12So a couple of years ago, we had Craig Horobin on the show.
00:40:15Fantastic person.
00:40:16He ran the digital for Telstra at the Sydney Olympics.
00:40:19So real OG of tech of digital tech, Sydney, 2000 games, uh, and doing it for Telstra who had those
00:40:26rights at that time.
00:40:27He started his own shop air cast, uh, streaming sports in venue in real time with, you know, basically zero
00:40:34latency exquisite.
00:40:36And anyway, this is a couple of years ago, came on the show and he couldn't get a chop out
00:40:40in Australia.
00:40:41No one would give him a go.
00:40:42And then he entered a, a startup competition, a run by at that time, Comcast NBC universal.
00:40:48So biggest media company in the world.
00:40:50And he won and he got picked up by Comcast and he's working with major league baseball, the NFL, the
00:40:57NBA.
00:40:57And it's like, he can't get a run in Australia and he's gone straight to the penthouse in America.
00:41:03And so, and then, you know, so he's doing great stuff.
00:41:06But point being that, you know, how have you found it, Paul, on your side of this street, like trying
00:41:12to get traction in Australia when there are these sorts of, you know, perhaps reticence to try things that are
00:41:19different.
00:41:20They're out of the box.
00:41:20So how have you found it, mate?
00:41:23Yes.
00:41:24So I'd say the difference, US, I've obviously been going to the US for many years.
00:41:31And the difference when it comes around investment and risk taking in the US is just chalk and cheese.
00:41:45So if I was over with Joe in California last year for quite a few months and, you know, again
00:41:53and again, we're meeting founders who have tried, failed, tried, failed, tried, failed.
00:42:00Just kept going.
00:42:01And that's because there's been funding available to them.
00:42:06So whether that's seed funding, angel funding, you know, once they get successful, there's more funding.
00:42:13So they've had this ability to, you know, to take a risk, build a small team around it, fail, learn
00:42:21from that failure and move on.
00:42:23And in Australia, I just, you know, the depth of talent when it comes to engineering, the expertise we've got
00:42:31in, you know, particularly Sydney and Melbourne cities, Sydney, I've done a lot of work in, is amazing.
00:42:39Right up there, world class.
00:42:42But it's a different kind of environment.
00:42:45You know, I've, you know, I've worked in a few startups and scale-ups and people are risk-averse.
00:42:52Maybe it's maybe it's the property market.
00:42:54You know, we've never had a property recession.
00:42:56People are less likely to up sticks, move city, take a job in a startup.
00:43:05Whereas in the US, I find that very different.
00:43:07You meet many experienced people who, yeah, move interstate just because something's exciting and give it a go.
00:43:16Yeah, very much so.
00:43:17And I know you gentlemen were involved in some of the early stage mentoring program with ASTN.
00:43:25Can you tell us about that experience, fellas?
00:43:29Yeah, so we were part of the pre-accelerator batch number nine, I think, last year.
00:43:34Although, yeah, last year.
00:43:37And I remember, I think three quarters of the program through it, I was like, hey, guys, I have to
00:43:42go to America.
00:43:42So I don't think I'll be able to make some of these sessions.
00:43:45But, yeah, it was very helpful in terms of particularly listening to mentors from who have succeeded before us.
00:43:57ASTN's been around for a long time.
00:43:59So a really strong alumni network of people who have gone through the journey, exited, pivoted, done all of this,
00:44:07fundraised, and so well in advance.
00:44:10And so I've made many good connections and friends who I subsequently met in person or online as well.
00:44:18So extremely helpful and also great to, well, the content was useful in getting myself in the frame of mind
00:44:28that we're in sports tech, not AR, not in software, not hardware, generic hardware.
00:44:36We're in sports tech.
00:44:36And it's still very important for us to remain grounded that we are in that industry because sometimes you can
00:44:44get carried away by what's hot in the market or what the wind's blowing and where you identify.
00:44:49I think because we are augmented reality technology, we are sometimes pulled by that industry.
00:44:56I've been to Augmented World Expo, and then it's just completely different, right?
00:45:00It's, you have to build for the consumer and not be dragged away by the technology.
00:45:07And so I think remaining grounded and laser focused on sports tech has been really helpful.
00:45:14And then ASTN obviously introduced us to, or let us know the opportunity in ASPN, the Taiwan-based accelerator, which
00:45:21we're now part of.
00:45:22And that's been really cool as well, like opening up doors in APAC, but also with some of the sports
00:45:28giants in Asia.
00:45:30So, yeah, it's, yeah.
00:45:32It's fun.
00:45:33I was actually going to ask you about the APAC Sports Policy Network out of Taiwan.
00:45:37Taiwan government doing a sensational job there, really coalescing the power of sport in the region.
00:45:43And, like, in terms of that hardware capacity that Taiwan is renowned for, obviously the broader Asia-Pacific market, you
00:45:53know, from a consumer point of view, potential consumer point of view, where, what sort of fruit do you see
00:45:58in Asia-Pacific for the business, for Minimus?
00:46:02I'd say APAC this year, particularly Taiwan, has actually been a lot bigger for us than America.
00:46:09So, for context, we're not really, in the short run, we're not going to America, because we feel like we've
00:46:18raised the money we could, we've made the friends we could on the commercialization side.
00:46:26So, on the demand side, we've got a really strong base in America, but on the supply side, Paul can
00:46:32tell you more about this, but Taiwan, like you said, is incredible in terms of AR technology, in terms of
00:46:38chip manufacturing, in particular, precision assembly, testing, and that sort of thing.
00:46:45It's just, it's a great place.
00:46:46And, so, on the supply side, we definitely see ourselves in the long run, in the short run, where we're
00:46:52focused right now, going to Taiwan quite a bit.
00:46:57And even, even, even funding-wise, we have an investor, and one more large run in the works in Taiwan.
00:47:04I think there's that appetite for, for risk.
00:47:07And if you see their GDP per capita, I think they're doing very well from the, from the AI boom
00:47:13as well.
00:47:14So, I don't know, Paul, if you wanted to add anything, any observations.
00:47:20Just, just that we obviously met quite a few companies.
00:47:23You know, my focus now is we're, we're, we're very close to calling a design freeze and flipping over into
00:47:29the, setting up for manufacture, which is, which is no mean feat.
00:47:34A lot of custom parts in this, and I've met a lot of great manufacturers and partners over in Taiwan.
00:47:43I think, you know, as a, as a, um, capability in our space, you know, eyewear, electronics, mobile phone, you
00:47:55know, there's a, there's a lot of capability there.
00:47:57I think the, the, the, the business culture I find is, is very good.
00:48:02It's very open.
00:48:05Um, and, uh, so this, this will be a product that will be manufactured in Asia.
00:48:10Um, just given the volumes that we're going to go to.
00:48:14And, uh, from what I've seen so far and the discussions I've had so far is, you know, a lot
00:48:18of, a lot of key suppliers, a lot of key partners we can use there.
00:48:23Um, you know, so it's an easy place to do business.
00:48:27Now, what's the goal guys?
00:48:29Like when, when am I going to be able to jump on minimus.life and order a pair or go
00:48:35to, I don't know, rebel sport?
00:48:37Like in terms of the actual, so you, you design free is not far off.
00:48:43Then we manufacture in Asia and then we start rolling out.
00:48:47Like what's the goal?
00:48:48I know these things fluctuate and move a hundred percent, but you know, if I could pin you down, um,
00:48:54what's the goal at this point in time?
00:48:56All things being equal, uh, for the product to be at market and how, what's the distribution thought at the
00:49:02minute?
00:49:02Is it, is it a rebel sport that's providing the retail?
00:49:06Obviously online sales, of course, can be huge.
00:49:08Like what, what sort of the strategy at this point looking forward?
00:49:12Yeah, so we want to go ship our first, say beta batch by the end of the year.
00:49:18That's our goal.
00:49:18Awesome.
00:49:19Uh, so that's just fulfilling our pre-orders of, um, around 150 or so consumer ones.
00:49:25And then just really focus on testing and feedback from people.
00:49:32Will you use this day in and day out?
00:49:34If not, why?
00:49:36And so measuring return rates, measuring like customer feedback, um, kind of like the Oculus go to market in the
00:49:43sense that you have a very limited small batch.
00:49:46Um, and the scarcity of it in and of itself piques interest if, if enough people like it and then,
00:49:52and then they say, look, I'm, I'm one of the 150 who got the first ones.
00:49:57Um, that helps our go to market.
00:50:00I, ironically, I know everyone these days is focused on like a bajillion pre-orders and like having a mega
00:50:05splash.
00:50:06We kind of want to go the opposite way in terms of, let's start small, make sure that people find
00:50:12the product useful.
00:50:13And then when we hit that sweet spot of like usefulness, people will say, this is good enough.
00:50:19Like we'll use it.
00:50:20Um, might not be perfect, but, um, that's when we start scaling it up and then really going, pushing massively
00:50:27for the, the distribution.
00:50:29Um, so yeah, I'd say like a, a storefront, like a rebel, maybe a year away if we're lucky, uh,
00:50:36if they'll talk to us, um, it's, um, yeah, we eventually want to be in terms of your distribution question.
00:50:42We just want to be where our buyers are.
00:50:46So if they buy from rebel, we'll be at rebel.
00:50:49If they buy online, we'll sell online.
00:50:52Uh, but really at the, at the start, we want to be like Strava, which is be good enough that
00:50:58people will just recommend you to the other people and then they'll find a way to procure you through their
00:51:04local store or through online.
00:51:05So, um, yeah, that's kind of the approach.
00:51:09Nice.
00:51:10And, and as a ballpark, where are you thinking the price point is at, at least initially?
00:51:15Um, yeah, so we've set a pretty, I'd say pretty high prices of $699 US, so about a thousand Australian.
00:51:26Yeah.
00:51:27Um, and mainly just because the, the, the cost of production is incredibly higher for the normal consumer electronics at
00:51:34the start.
00:51:35We see our vision is to bring that down a bit further so that we can be a affordable mass
00:51:40market product.
00:51:41Um, but yeah, so yeah, so initial price is $699, a thousand, uh, Australian.
00:51:48Mate, it sounds reasonable to me.
00:51:49It's not like socks and jocks.
00:51:50You've got to buy a few of them.
00:51:51You only got to buy one.
00:51:52And, um, uh, you know, given that it is doing all these different things in one, I mean, and, you
00:51:57know, keep in mind the flat screen TV was like 10 grand when it first came out.
00:52:01So these things do reduce over time.
00:52:03So the more people buy them, the cheaper we'll get for more people to buy them.
00:52:06So, um, no, I, when I asked the question, I thought, oh, gee, I wonder what the answer is going
00:52:11to be.
00:52:12$600 USD is very fair and reasonable.
00:52:14I would have thought for, for the product that it is a hundred percent.
00:52:18Um, now, well, I mean, it's true to be honest with you.
00:52:21I was thinking maybe it's going towards two grand.
00:52:23I thought, oh, maybe I shouldn't ask the question, but $600, it's good.
00:52:26Um, a Paul, uh, I think it might've been Joseph that mentioned this, or you might've said it earlier on.
00:52:31Um, and I think we probably gave everyone under the age of 30, a cold sweat, but you made the
00:52:35comment that you can wear the glasses and leave the phone at home.
00:52:38I think the idea of having to leave a phone at home would, would cause some serious, uh, consternation for
00:52:43many people.
00:52:43Uh, the younger variety, um, is there anything in what you're doing and look, whether it's inadvertent or there is
00:52:51a little bit of a desire we hear nonstop.
00:52:54And they've literally, Pixar's just made the latest Toy Story movie about this whole concept of, in essence, breaking the
00:53:00addiction to smartphones and smart devices is specifically for kids.
00:53:04Um, is there any sort of desire with creating this product that you sort of wean the phone out of
00:53:10people's palms of their hands?
00:53:12Is there anything about reducing phone addictivity that is, uh, in your product at all?
00:53:19Um, I think, um, give me a minute to think about this one.
00:53:25Um, just the, just the, just, just the use case of, you know, of course you can carry a phone
00:53:32with you.
00:53:33Um, and I, I think, you know, I'm, I'm, I definitely wouldn't class my phone as a, uh, myself as
00:53:39a screen addict.
00:53:40But the, the, the challenge is if you're, if you're using your phone for anything, as I find, I, I
00:53:46use it for what I need it for.
00:53:48And then I'll look at a couple of reels or I'll, I'll do something on the phone, you know, it's
00:53:53just, and, and so, so I don't, I don't suffer from a bad addiction, but I, I waste more of
00:53:59my day than I would, I would otherwise choose to do that.
00:54:02Uh, I think by, uh, by having hourglasses, now you, you don't just have to use them for sport.
00:54:09Um, it is a, you know, any app that you want to, to run and, and have in your, uh,
00:54:14your peripheral vision or in your full vision, uh, you can do, it can get you away from the phone.
00:54:20Um, I think, as you said, most, most people, certainly most cyclists would take their phone with them, but they
00:54:27wouldn't be looking at their phone.
00:54:29Uh, and I think with our form factor, we've got voice commands, you know, we can, we can bring up
00:54:34whatever we want on the screen, but I think the temptation just to, you know, flick through a few reels
00:54:41when you've got a couple of minutes isn't going to be there.
00:54:43It's just, it's not in your hand.
00:54:45It's not just something you're subconsciously doing.
00:54:47You've got to mindfully say, you know, use the microphone to say, Hey, you know, put on TikTok or, you
00:54:54know, something like that.
00:54:55So I think, I, I think it would have that effect.
00:54:58Um, although as I say, I'm possibly not the best person, uh, to ask about that.
00:55:03So I don't have a problem putting the phone down.
00:55:05Sorry, Paul, I missed the last half of your answer.
00:55:07I was just scrolling.
00:55:09But what about for you, what about for you, Joseph?
00:55:12Yeah, yeah.
00:55:13Sorry.
00:55:13While Paul was, um, thinking of his answer, I was dying to hop in because, um, yeah, funnily enough, we
00:55:20actually have a, another product called Minimus Phone.
00:55:23And I alluded to earlier, it's a software app that helps people reduce their screen time.
00:55:29And so we, we launched this in November, 2023, and it helped, it's helped fund us a lot and reduce
00:55:37our dependence on, on investors.
00:55:39Um, and so, yeah.
00:55:42So, I mean, ironically that people would pay for an app to help them use their phone less and make
00:55:47their phone like dumber and boring.
00:55:48Um, it's, it's, yeah.
00:55:51So I think there's a real consumer desire to minimize screen time.
00:55:54Yeah.
00:55:55I guess our optics when we were first building, including eSIM, was the ability to leave the phone at home.
00:56:01Um, it was maybe more from a performance perspective in terms of, um, at least personally, like, I have a
00:56:08pretty big phone, like a phablet, as I call it.
00:56:11Um, and I think a lot of people have, like, big, heavy phones with cases.
00:56:15Um, like, thin phones used to be a thing.
00:56:18And now it's like, yeah, everyone has, like, pretty thick phones.
00:56:21And, and, so it, it feels uncomfortable and it also is heavy, right?
00:56:26So it was more from a performance perspective, particularly for runners, to be able to say, hey, like, this is
00:56:32a couple hundred grams I can just, like, leave at home for my 21K or my 42K run.
00:56:39It does, like, and then, you know, another user, I think, complained to me that I had to buy a
00:56:45dedicated apparel.
00:56:47I think it was a pouch or something for their phone.
00:56:49And they're, like, whenever, I just feel like it's, like, silly that an entire category of apparel exists just because
00:56:55people have to carry their phones when they're running.
00:56:57And so it was more, I guess, from a performance and weight perspective.
00:57:02Um, but, you know, Apple Watch has eSIM within there, as well as the optionality of cutting, being able to
00:57:08leave your phone at home, I think, is quite powerful.
00:57:11Um, and it's something that we want to achieve.
00:57:14We might not launch immediately with the function because it takes a lot of time to get that sort of
00:57:20stuff approved across different jurisdictions.
00:57:23Um, but we'll certainly have the hardware there ready to, um, switch on, I guess, when, when it is approved.
00:57:29No, actually, just a sidebar, how do we get a hold of that Minimus phone product that you launched in
00:57:352023?
00:57:36Just do a little plug for that, please, Joseph.
00:57:38Oh, yeah, you could just, uh, search on the app stores.
00:57:40It's, it's on iPhone and, so, App Store and Google Play.
00:57:44And, um, yeah, you can download it.
00:57:47There's a seven-day for a trial.
00:57:48Yeah.
00:57:49And, um, yeah, check it out.
00:57:51I think it's useful.
00:57:53Um, yeah.
00:57:54Well, Matt, I think you're right on, well, probably in front of the zeitgeist a little bit,
00:57:59because when Disney starts doing a comment piece through a children's story on AI,
00:58:03given that Disney's one of the big investors in AI, when it starts sort of turning, uh,
00:58:07a light back on itself and on AI, I think it shows you that there is a genuine appetite
00:58:12out there to, to wean the phone and the AI out of our, you know, every minute of everyday
00:58:17existence.
00:58:18So, mate, on both scores, I think you, you blokes are on absolute winners here.
00:58:23Um, congratulations to you both.
00:58:25I appreciate you both coming on the show, Joseph and Paul, and, and being so generous with
00:58:30your time, I think everyone that listens and watches this show is going to be a hundred
00:58:34percent in your corner and rooting for you.
00:58:36Um, I think the fact that you've had the guts to give up really successful, really comfortable
00:58:42lives to pursue something different, to go the road less traveled is huge.
00:58:46I think the fact that you've encountered, you know, the less, uh, smooth, uh, sailing
00:58:51in Australia and then had the dare to go to America, to go to Taiwan and to get the capital,
00:58:57get the manufacturing, get the traction that you've needed.
00:58:59And now you're in a very exciting spot, you know, design, freeze, manufacture, six months,
00:59:04setting out the beater edition, 12 months time, rebel sport, done and dusted.
00:59:08I mean, it's a very exciting journey you're on and it's a, it's been wonderful getting
00:59:12insight into it.
00:59:13So Joseph Gwalt and Paul Skevington, thanks so much for your time.
00:59:17Thank you for having us, Lockie, particularly as a, like to acknowledge, it's a late Sunday
00:59:22night for Lockie as well.
00:59:24So he's done us a solid, thank you.
00:59:27Ah, you're very nice, Joseph, no, my absolute honor.
00:59:29And I encourage you, everyone, Minimus, M-I-N-I-M-I-S, minimus.life.
00:59:36Jump on and have a look and then even the app store as well to reduce a little bit of
00:59:39smartphone
00:59:40time.
00:59:41Uh, thank you so much to each and every one of you for being a part of the show this
00:59:44week.
00:59:44As always, thank you so much to Daily Motion and Daily Motion, probably our wonderful
00:59:47sponsors and a very special shout out to a very happy Queenslander, the Queensland boss
00:59:53of, so you could say the Brisbane Olympics boss of ASTN, Nikita Vogel, who's been our
00:59:59producer today.
01:00:00Nikita, thanks so much as always.
01:00:01Absolutely magnificent with your two young kids and lovely hubby, Into, as well.
01:00:06All right, we'll catch you next time on Sports Cutting Edge.
01:00:27We'll catch you next time on Sports Cutting Edge.

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