Is this the future of American manufacturing? Dime - the "Central Nervous System" for Factories

Did you know that the US spent $200 billion on new manufacturing construction in 2023 alone? The manufacturing industry is booming, but it faces challenges in productivity and cost. That's where Dime comes in.

In this episode of Lobster Talks, host Gabriel Jarrosson interviews Ashish Bajaj, co-founder of Dime, a startup revolutionizing how manufacturers manage their factories. Born and raised in Detroit, Ashish's unique background in finance and deep ties to the manufacturing industry led him to create Dime, a platform designed to modernize and streamline production processes.

Ashish discusses the challenges manufacturers face with outdated software and manual processes, particularly in production scheduling and tracking. He shares how Dime's central nervous system for factories is solving these problems by automating these tasks, improving efficiency, and ultimately boosting productivity.

This episode is a must-listen for anyone interested in the intersection of technology and manufacturing, the challenges faced by American manufacturers, and how startups like Dime are leading the charge to modernize the industry.

EPISODE IN A GLANCE
00:00 Intro
05:13 The Origin Story of Dime and the Manufacturing Landscape
08:06 The Growth of Manufacturing in the US and Dime's Role
12:49 What Dime Does and How It's Different from Other Solutions
16:12 The State of Manufacturing in China and the Importance of Productivity
17:28 Dime's Journey After Y Combinator and the Importance of Founder Mentality
18:39 The Psychology of Success in Startups
19:11 The Impact of Y Combinator on Founders
22:08 Dime's sales strategy and the importance of focusing on fundamentals of startup success
27:03 The challenges and opportunities of manufacturing in the US
29:55 Choosing the Right Headquarters
32:38 Staying Ahead in Manufacturing Tech
33:47 Book Recommendation: Principles by Ray Dalio
35:47 How to Connect with Dime

ABOUT ASHISH BAJAJ
Ashish is a co-founder @ Dime. He's a passionate Detroiter excited about building the tools that power the American Manufacturing renaissance. Before Dime, Ashish led the business operations and finance functions at a Series B Ghost Kitchen aggregator. Before that, he spent four years in finance, first as an Investment Banker at Rothschild, and then as an Investor at TPG.

CONNECT WITH ASHISH BAJAJ
Website → https://www.getdime.io/
LinkedIn →   / ashish-bajaj1  
LinkedIn →   / dime-manufacturing  


GRAB THE BOOK ASHISH RECOMMENDS → Principles by Ray Dalio, https://www.principles.com/

ABOUT GABRIEL JARROSSON

Gabriel Jarrosson is a seasoned investor and entrepreneur with over a decade of experience in the startup space and the General Partner of Lobster Capital. He has invested over $25M in Y Combinator startups. Having sold three of his own startups, he shares his expertise in his books "My Investor Secrets" and "Investing in Startups: x100 or Nothing."

CONNECT WITH GABRIEL JARROSSON
YouTube →    / @lobster-talks  
Website → https://www.lobstercap.com/
LinkedIn →   / gabrieljarrosson  
Instagram →   / lobstercapital  
Tiktok →   / lobstercapital  

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