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	<title>Betabeat &#187; Dmitry Grishin</title>
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		<title>Betabeat &#187; Dmitry Grishin</title>
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		<title>An App Store for Your Roomba? Look Up in The Cloud, It&#8217;s the Future of Personal Robotics</title>

		<comments>http://betabeat.com/2012/12/an-app-store-for-your-roomba-look-up-in-the-cloud-its-the-future-of-personal-robotics/#comments</comments>
		<pubDate>Mon, 10 Dec 2012 09:15:33 -0400</pubDate>
					<link>http://betabeat.com/2012/12/an-app-store-for-your-roomba-look-up-in-the-cloud-its-the-future-of-personal-robotics/</link>
			<dc:creator>Nitasha Tiku</dc:creator>
				
		<guid isPermaLink="false">http://betabeat.com/?p=73277</guid>
		<description><![CDATA[<p style="text-align:center;"><a href="http://betabeat.com/2012/12/an-app-store-for-your-roomba-look-up-in-the-cloud-its-the-future-of-personal-robotics/screen-shot-2012-12-10-at-8-23-17-am/" rel="attachment wp-att-73283"><img class="aligncenter  wp-image-73283" alt="Screen shot 2012-12-10 at 8.23.17 AM" src="http://nyobetabeat.files.wordpress.com/2012/12/screen-shot-2012-12-10-at-8-23-17-am.png" width="553" height="356" /></a></p>
<p>When Betabeat <a href="http://www.gq.com/news-politics/mens-lives/201210/angry-nerds">first met Russian tycoon Dmitry Grishin</a> in June, the CEO of Mail.ru was arguing that personal robotics companies needed to put the same emphasis on customers and user experience as their consumer Internet counterparts.</p>
<p>Today, <a href="http://grishinrobotics.com/">Grishin Robotics</a>, his New York City-based venture capital firm, has made an investment that could mean a step in that direction: $250,000 in funding for <a href="http://www.robotappstore.com/">RobotAppStore</a>, which bills itself as the first-ever marketplace for apps that "extend the functionality of any types of robot–from Roomba vacuum cleaners and NAO humanoids to the AR.Drone quadcopter and Sphero (the robotic ball)."<!--more--></p>
<p><div id="attachment_73301" class="wp-caption alignleft" style="width: 310px"><a href="http://betabeat.com/2012/12/grishin-final-sb/" rel="attachment wp-att-73301"><img class="size-medium wp-image-73301 " alt="" src="http://nyobetabeat.files.wordpress.com/2012/12/grishin-final-sb.jpg?w=300" width="300" height="224" /></a><p class="wp-caption-text">(via Grishin Robotics)</p></div></p>
<p>"The concept of ‘Cloud robotics’, which implies ability of all robots to connect to the internet, share a common knowledge database and seamlessly upgrade their functions in real-time, is a soon-to-be future; one reminiscent of the of personal computer industry," Mr. Grishin, who is <a href="https://twitter.com/Investcafe/status/278125300943048706/photo/1">currently on stage </a>at TechCrunch Moscow, said in a press release.</p>
<p>Much like Apple's App Store, the market is also encouraging developers to add their own software in exchange for 70 percent of future earnings. RobotAppStore, which was founded in 2011, also offers support for developers with programming manuals and the chance to talk to experts in the field.</p>
<p>Of course, Apple benefits from only having to worry about apps built for its own operating system. But founder and CEO Elad Inbar says that's where the investment will come in handy. "Being a part of Grishin Robotics’ portfolio provides high synergy with other robotics companies and better resource utilization," he said in a press release.</p>
<p>The size of today's investment is rather small. Mr. Grishin <a href="http://betabeat.com/2012/06/russian-mailru-ceo-dmitry-grishin-grishin-robobtics-personal-robots-25-million-06182012/">seeded his VC firm with $25 million</a>, which he initially planned to deploy into 10 to 20 mid-stage companies. But according to RobotAppStore's own estimates, there is room to grow: figures from UNECE, IFR, ABI Research and BCC Research show that more than 30 million programmable robots have been sold to date.</p>
<p>Just think--soon you might be able to buy a DJ Roomba app instead of having to hack it together yourself. [<strong>Update</strong>: Inspired by Tom Haverford, Roomba manufacturer iRobot has apparently created "a handful of these musical vacuuming wonders." Unfortunately, your name has to be <a href="https://twitter.com/samfbiddle">Sam Biddle</a> if you want a test run.]</p>
<p><span class='embed-youtube' style='text-align:center; display: block;'><iframe class='youtube-player' type='text/html' width='560' height='315' src='http://www.youtube.com/embed/pXhsUPtsiLU?version=3&#038;rel=1&#038;fs=1&#038;showsearch=0&#038;showinfo=1&#038;iv_load_policy=1&#038;wmode=transparent' frameborder='0'></iframe></span></p>
]]></description>
		<content:encoded><![CDATA[<p style="text-align:center;"><a href="http://betabeat.com/2012/12/an-app-store-for-your-roomba-look-up-in-the-cloud-its-the-future-of-personal-robotics/screen-shot-2012-12-10-at-8-23-17-am/" rel="attachment wp-att-73283"><img class="aligncenter  wp-image-73283" alt="Screen shot 2012-12-10 at 8.23.17 AM" src="http://nyobetabeat.files.wordpress.com/2012/12/screen-shot-2012-12-10-at-8-23-17-am.png" width="553" height="356" /></a></p>
<p>When Betabeat <a href="http://www.gq.com/news-politics/mens-lives/201210/angry-nerds">first met Russian tycoon Dmitry Grishin</a> in June, the CEO of Mail.ru was arguing that personal robotics companies needed to put the same emphasis on customers and user experience as their consumer Internet counterparts.</p>
<p>Today, <a href="http://grishinrobotics.com/">Grishin Robotics</a>, his New York City-based venture capital firm, has made an investment that could mean a step in that direction: $250,000 in funding for <a href="http://www.robotappstore.com/">RobotAppStore</a>, which bills itself as the first-ever marketplace for apps that "extend the functionality of any types of robot–from Roomba vacuum cleaners and NAO humanoids to the AR.Drone quadcopter and Sphero (the robotic ball)."<!--more--></p>
<p><div id="attachment_73301" class="wp-caption alignleft" style="width: 310px"><a href="http://betabeat.com/2012/12/grishin-final-sb/" rel="attachment wp-att-73301"><img class="size-medium wp-image-73301 " alt="" src="http://nyobetabeat.files.wordpress.com/2012/12/grishin-final-sb.jpg?w=300" width="300" height="224" /></a><p class="wp-caption-text">(via Grishin Robotics)</p></div></p>
<p>"The concept of ‘Cloud robotics’, which implies ability of all robots to connect to the internet, share a common knowledge database and seamlessly upgrade their functions in real-time, is a soon-to-be future; one reminiscent of the of personal computer industry," Mr. Grishin, who is <a href="https://twitter.com/Investcafe/status/278125300943048706/photo/1">currently on stage </a>at TechCrunch Moscow, said in a press release.</p>
<p>Much like Apple's App Store, the market is also encouraging developers to add their own software in exchange for 70 percent of future earnings. RobotAppStore, which was founded in 2011, also offers support for developers with programming manuals and the chance to talk to experts in the field.</p>
<p>Of course, Apple benefits from only having to worry about apps built for its own operating system. But founder and CEO Elad Inbar says that's where the investment will come in handy. "Being a part of Grishin Robotics’ portfolio provides high synergy with other robotics companies and better resource utilization," he said in a press release.</p>
<p>The size of today's investment is rather small. Mr. Grishin <a href="http://betabeat.com/2012/06/russian-mailru-ceo-dmitry-grishin-grishin-robobtics-personal-robots-25-million-06182012/">seeded his VC firm with $25 million</a>, which he initially planned to deploy into 10 to 20 mid-stage companies. But according to RobotAppStore's own estimates, there is room to grow: figures from UNECE, IFR, ABI Research and BCC Research show that more than 30 million programmable robots have been sold to date.</p>
<p>Just think--soon you might be able to buy a DJ Roomba app instead of having to hack it together yourself. [<strong>Update</strong>: Inspired by Tom Haverford, Roomba manufacturer iRobot has apparently created "a handful of these musical vacuuming wonders." Unfortunately, your name has to be <a href="https://twitter.com/samfbiddle">Sam Biddle</a> if you want a test run.]</p>
<p><span class='embed-youtube' style='text-align:center; display: block;'><iframe class='youtube-player' type='text/html' width='560' height='315' src='http://www.youtube.com/embed/pXhsUPtsiLU?version=3&#038;rel=1&#038;fs=1&#038;showsearch=0&#038;showinfo=1&#038;iv_load_policy=1&#038;wmode=transparent' frameborder='0'></iframe></span></p>
]]></content:encoded>
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		<slash:comments>0</slash:comments>
	
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		<title>Tech Insurgents 2012: Valery Komissarova</title>

		<comments>http://betabeat.com/2012/11/tech-insurgents-2012-valery-komissarova-grishin-robotics-mailru-dmitry-grishin/#comments</comments>
		<pubDate>Wed, 14 Nov 2012 11:30:06 -0400</pubDate>
					<link>http://betabeat.com/2012/11/tech-insurgents-2012-valery-komissarova-grishin-robotics-mailru-dmitry-grishin/</link>
			<dc:creator>Kelly Faircloth</dc:creator>
				
		<guid isPermaLink="false">http://betabeat.com/?p=70144</guid>
		<description><![CDATA[<p><div id="attachment_70151" class="wp-caption alignleft" style="width: 227px"><a href="http://nyobetabeat.files.wordpress.com/2012/11/headshot.png"><img class=" wp-image-70151     " title="valery komissarova grishin robotics" alt="" src="http://nyobetabeat.files.wordpress.com/2012/11/headshot.png" height="266" width="217" /></a><p class="wp-caption-text">Ms. Komissarova.</p></div></p>
<p><em>Rallying the Robots</em></p>
<p>When longtime <em>Wired</em> editor in chief Chris Anderson left his post earlier this month, it wasn’t for another Condé title or a sabbatical to write his fourth book. He decamped for a robotics startup. It’s just the latest sign, along with drones appearing on the cover of every magazine from <em>The New Yorker</em> to <em>The Economist</em>, that robotics is no longer relegated to science fiction.</p>
<p>New York has never been known as a robotics capital, unlike Boston, with its MIT hackers, or Pittsburgh, with its Carnegie Mellon engineers. But one Russian oligarch wants to change that.<!--more--></p>
<p>In June, Dmitry Grishin launched Grishin Robotics, New York City’s first venture capital firm devoted wholly to personal robotics. Mr. Grishin is the CEO of Mail.ru, a Russian company that recently unloaded a large stake in Facebook, giving him cash to play with and allowing him to follow the pattern established by Mail.ru cofounder-turned-venture capitalist Yuri Milner. As Mr. Grishin told <em>The Observer</em> back in June, “Most of the VCs are focused on mobile applications, but you really need risk capital to improve this area. I want to focus fully on mass-market robotics.”</p>
<p>But Mr. Grishin remains in Russia, running the show at Mail.ru. It’s his business development director, Valery Komissarova, who’s laboring to turn this town into a thriving robotics hub. Her role is part sleuth, seeking out quiet but promising startups, and part booster club president, talking up the high-risk sector to other investors and would-be founders. “Entrepreneurs know the Mark Zuckerberg success stories, but in robotics, they don’t have such clear role models,” Ms. Komissarova told <em>The Observer.</em> She’d like to change that.</p>
<p>Her job isn’t as simple as establishing a meet-up and cruising co-working spots, however. Unlike the self-promoting social media types, this is a tough group to wrangle: robotics companies are often outright secretive, and even the more open ones are commonly toiling away on very specific problems. But if anybody can pull this off, it’s the cool Ms. Komissarova.</p>
<p>Next: <a href="http://betabeat.com/2012/11/tech-insurgents-2012-phineas-barnes-of-first-round-capital/">Phineas Barnes, First Round Capital: the Bottom-Up Investor</a></p>
<p><a href="http://betabeat.com/2012/11/meet-betabeats-2012-tech-insurgents/">Back to the beginning.</a></p>
]]></description>
		<content:encoded><![CDATA[<p><div id="attachment_70151" class="wp-caption alignleft" style="width: 227px"><a href="http://nyobetabeat.files.wordpress.com/2012/11/headshot.png"><img class=" wp-image-70151     " title="valery komissarova grishin robotics" alt="" src="http://nyobetabeat.files.wordpress.com/2012/11/headshot.png" height="266" width="217" /></a><p class="wp-caption-text">Ms. Komissarova.</p></div></p>
<p><em>Rallying the Robots</em></p>
<p>When longtime <em>Wired</em> editor in chief Chris Anderson left his post earlier this month, it wasn’t for another Condé title or a sabbatical to write his fourth book. He decamped for a robotics startup. It’s just the latest sign, along with drones appearing on the cover of every magazine from <em>The New Yorker</em> to <em>The Economist</em>, that robotics is no longer relegated to science fiction.</p>
<p>New York has never been known as a robotics capital, unlike Boston, with its MIT hackers, or Pittsburgh, with its Carnegie Mellon engineers. But one Russian oligarch wants to change that.<!--more--></p>
<p>In June, Dmitry Grishin launched Grishin Robotics, New York City’s first venture capital firm devoted wholly to personal robotics. Mr. Grishin is the CEO of Mail.ru, a Russian company that recently unloaded a large stake in Facebook, giving him cash to play with and allowing him to follow the pattern established by Mail.ru cofounder-turned-venture capitalist Yuri Milner. As Mr. Grishin told <em>The Observer</em> back in June, “Most of the VCs are focused on mobile applications, but you really need risk capital to improve this area. I want to focus fully on mass-market robotics.”</p>
<p>But Mr. Grishin remains in Russia, running the show at Mail.ru. It’s his business development director, Valery Komissarova, who’s laboring to turn this town into a thriving robotics hub. Her role is part sleuth, seeking out quiet but promising startups, and part booster club president, talking up the high-risk sector to other investors and would-be founders. “Entrepreneurs know the Mark Zuckerberg success stories, but in robotics, they don’t have such clear role models,” Ms. Komissarova told <em>The Observer.</em> She’d like to change that.</p>
<p>Her job isn’t as simple as establishing a meet-up and cruising co-working spots, however. Unlike the self-promoting social media types, this is a tough group to wrangle: robotics companies are often outright secretive, and even the more open ones are commonly toiling away on very specific problems. But if anybody can pull this off, it’s the cool Ms. Komissarova.</p>
<p>Next: <a href="http://betabeat.com/2012/11/tech-insurgents-2012-phineas-barnes-of-first-round-capital/">Phineas Barnes, First Round Capital: the Bottom-Up Investor</a></p>
<p><a href="http://betabeat.com/2012/11/meet-betabeats-2012-tech-insurgents/">Back to the beginning.</a></p>
]]></content:encoded>
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		<title>NYC&#8217;s Only Robotics VC Firm Makes Its First Investment In a Fresh Y Combinator Grad</title>

		<comments>http://betabeat.com/2012/09/robots-dmitry-grishin-double-y-combinator/#comments</comments>
		<pubDate>Fri, 21 Sep 2012 09:58:18 -0400</pubDate>
					<link>http://betabeat.com/2012/09/robots-dmitry-grishin-double-y-combinator/</link>
			<dc:creator></dc:creator>
				
		<guid isPermaLink="false">http://betabeat.com/?p=63376</guid>
		<description><![CDATA[<p><a href="http://nyobetabeat.files.wordpress.com/2012/09/dmitry_grishin.jpeg"><img class="alignleft size-full wp-image-63382" title="Dmitry_Grishin" src="http://nyobetabeat.files.wordpress.com/2012/09/dmitry_grishin.jpeg" alt="" width="250" height="186" /></a><a href="https://www.grishinrobotics.com">Grishin Robotics</a>, the New York City based robot investment firm started by the <a href="http://www.betabeat.com/2012/06/russian-mailru-ceo-dmitry-grishin-grishin-robobtics-personal-robots-25-million-06182012/">"Russian Mark Zuckerberg," Dmitry Grishin</a>, announced its very first portfolio company today via a $250,000 investment in <a href="http://www.doublerobotics.com">Double Robotics</a>.</p>
<p>Double Robotics is a recent Y Combinator graduate based in California. They have already sold 600 units of their first product, Double, a bot that puts your iPad on wheels and turns it into a mobile telecommunications device. It's perfect for bosses in remote locations who want to supervise more than just the conference room from afar.<!--more--></p>
<p>“Investment in Double Robotics perfectly fits our strategy," Mr. Grishin said in a press release sent to Betabeat. "It is a consumer-oriented product with potential to fit a broad range of applications and has already generated strong consumer demand. It’s also important that the price of the product makes it accessible to the wide audience.”</p>
<p>After seeing this promotional video from Double Robotics, we understand why they chose this as an inaugural investment. At $1,999, it seems affordable enough for companies to try out. The notion of casually browsing your way through an art gallery while cuddling up on the couch (0:53), however, might be a harder sell:</p>
<p><div class='embed-vimeo' style='text-align:center;'><iframe src='http://player.vimeo.com/video/47000322' width='600' height='337' frameborder='0'></iframe></div></p>
<p><a href="http://vimeo.com/47000322">Double by Double Robotics - Pre-order Now</a> from <a href="http://vimeo.com/user12830746">Double Robotics</a> on <a href="http://vimeo.com">Vimeo</a>.</p>
<p>If the future is going to be that snuggly, we don't want to have anything to do with it.</p>
]]></description>
		<content:encoded><![CDATA[<p><a href="http://nyobetabeat.files.wordpress.com/2012/09/dmitry_grishin.jpeg"><img class="alignleft size-full wp-image-63382" title="Dmitry_Grishin" src="http://nyobetabeat.files.wordpress.com/2012/09/dmitry_grishin.jpeg" alt="" width="250" height="186" /></a><a href="https://www.grishinrobotics.com">Grishin Robotics</a>, the New York City based robot investment firm started by the <a href="http://www.betabeat.com/2012/06/russian-mailru-ceo-dmitry-grishin-grishin-robobtics-personal-robots-25-million-06182012/">"Russian Mark Zuckerberg," Dmitry Grishin</a>, announced its very first portfolio company today via a $250,000 investment in <a href="http://www.doublerobotics.com">Double Robotics</a>.</p>
<p>Double Robotics is a recent Y Combinator graduate based in California. They have already sold 600 units of their first product, Double, a bot that puts your iPad on wheels and turns it into a mobile telecommunications device. It's perfect for bosses in remote locations who want to supervise more than just the conference room from afar.<!--more--></p>
<p>“Investment in Double Robotics perfectly fits our strategy," Mr. Grishin said in a press release sent to Betabeat. "It is a consumer-oriented product with potential to fit a broad range of applications and has already generated strong consumer demand. It’s also important that the price of the product makes it accessible to the wide audience.”</p>
<p>After seeing this promotional video from Double Robotics, we understand why they chose this as an inaugural investment. At $1,999, it seems affordable enough for companies to try out. The notion of casually browsing your way through an art gallery while cuddling up on the couch (0:53), however, might be a harder sell:</p>
<p><div class='embed-vimeo' style='text-align:center;'><iframe src='http://player.vimeo.com/video/47000322' width='600' height='337' frameborder='0'></iframe></div></p>
<p><a href="http://vimeo.com/47000322">Double by Double Robotics - Pre-order Now</a> from <a href="http://vimeo.com/user12830746">Double Robotics</a> on <a href="http://vimeo.com">Vimeo</a>.</p>
<p>If the future is going to be that snuggly, we don't want to have anything to do with it.</p>
]]></content:encoded>
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		<title>Russian Web Tycoon Launches $25 M. NYC Investment Fund for Personal Robots</title>

		<comments>http://betabeat.com/2012/06/russian-mailru-ceo-dmitry-grishin-grishin-robobtics-personal-robots-25-million-06182012/#comments</comments>
		<pubDate>Mon, 18 Jun 2012 10:20:49 -0400</pubDate>
					<link>http://betabeat.com/2012/06/russian-mailru-ceo-dmitry-grishin-grishin-robobtics-personal-robots-25-million-06182012/</link>
			<dc:creator>Nitasha Tiku</dc:creator>
				
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		<description><![CDATA[<p><div id="attachment_50440" class="wp-caption aligncenter" style="width: 624px"><a href="http://nyobetabeat.files.wordpress.com/2012/06/photo-2.jpg"><img class=" wp-image-50440 " title="Dmitry Grishin Grishin Robotics" src="http://nyobetabeat.files.wordpress.com/2012/06/photo-2.jpg?w=1024" alt="" width="614" height="458" /></a><p class="wp-caption-text">Mr. Grishin, holding court at Dean &amp; Deluca</p></div></p>
<p>Last week, Betabeat met 33-year-old Dmitry Grishin, the so-called "<a href="http://www.telegraph.co.uk/finance/newsbysector/mediatechnologyandtelecoms/8131363/Mail.rus-Dmitry-Grishin-Were-bigger-than-Facebook.html">Russian Mark Zuckerberg</a>," to talk about robots. Or more specifically, to talk about the $25 million investment Mr. Grishin just made to launch <a href="http://www.grishinrobotics.com/">Grishin Robotics</a>, a global investment firm--based in New York City!--with the goal of bringing personal robots into every household in the world.</p>
<p>Mr. Grishin is the CEO of Mail.ru, <a href="http://www.iclcgroup.com/news/economic-news-of-the-russian-federation/418-forbes-excluded-google-from-the-list-of-russias-largest-companies">one of the largest Internet companies in Russia</a>, offering services like email, instant messaging, and social networking. After going public on the London Stock Exchange in 2010, Mail.ru currently has a market cap of $7 billion. Mail.ru <em>also</em> happens to have<a href="http://finance.fortune.cnn.com/2012/05/17/facebook-ipo-who-got-richer/"> sold a hefty chunk of its Facebook stock</a> in the company's recent IPO, which might explain why Mr. Grishin decided the time was right to pursue his dream. "I have personal passion for robotics," Mr. Grishin, a graduate of Moscow State Technical University's Robotics and Complex Automation program. "I really believe this is a cool, cool area."</p>
<p>As it happens, talking to Mr. Grishin was not our first conversation about the impending robot revolution in recent weeks.<!--more--></p>
<p>Between Nick Paumgarten's opus about <a href="http://www.newyorker.com/reporting/2012/05/14/120514fa_fact_paumgarten">the rise of drones</a> in <em>The New Yorker </em>and <em>The Economist</em>'s cover story about <a href="http://www.economist.com/node/21556234">the ethics of our metal overlords</a>, which Mr. Grishin yanked out of his briefcase, the discussion about robots in everyday life has taken a sharp turn, of late, from science fiction into the domestic sphere. Just as SpaceX founder Elon Musk decided not to wait around for NASA, it looks like this burgeoning field might be led by private investors who made their fortune in the Internet boom and now want to think bigger.</p>
<p>The robotics industry has been around for 40 years, said Mr. Grishin, but recently a number of technological innovations have significantly reduced the cost of production. It used to cost anywhere from hundreds of thousands to a $1 million to manufacture your average robot, he said. But progress in smartphones and even electric cars has driven down the price of wireless technology, cameras, processors, memory, and batteries. "Do you know Microsoft Kinect device?" asked Mr. Grishin. "It’s a very cheap scanner and this is very useful in robotics and now it costs only $150."</p>
<p>So what do we mean when we talk about personal robots? Anything from robotic cars to telepresence robots that can, say, help a CEO monitor her employees from every angle. "If you just put camera in one direction, one person will show a lot of activities, but the others will be drinking or doing nothing," Mr. Grishin speculated, adding, "I personally believe [in] anything related to drones." He described flying quadcopters with attached cameras. "It’s just my idea," he said, but drones could used to help negotiate traffic or parking--flying ahead of the user to show potential traffic jams or hovering behind to help you figure out how much space you had before you hit the curb.</p>
<p>Mr. Grishin said he launched Grishin Robotics in New York City because of its proximity to robotics hubs in Boston (MIT) and Pittsburgh (Carnegie Mellon) as well as its connections to capital markets. "There is no clear leader in robotics right now," he said, pointing to innovation hubs in Europe as well as South Korea, where corporations like Samsung and government funding in robotics could give it an early edge. "You know Roomba?" he asked us. "It’s from [an American] company called iRobot, but there’s a lot of South Korean companies who want to replicate the idea." Soon, we might see 1o to 20 robotic vacuum cleaning devices on the market.</p>
<p>The biggest issue the industry faces is lack of capital, said Mr. Grishin. "Most of the VCs are focused on mobile applications, but you really need risk capital to improve this area. I want to focus fully on mass market robotics. And I definitely believe this is next huge big industry," he said. In contrast, the Internet startups don't actually require that much capital to get to market. "It looks like California," he said, making the gesture of panning for gold. "I’m not saying this is [a] bubble, I’m just saying everybody’s there."</p>
<p>Thus for decades, innovation has been limited to software, Internet, and PCs, he said. "Nothing happened in terms of space, in terms of airplanes, cars, nothing really. I believe you need to bring this kind of innovation to the offline world."</p>
<p>That means lending robotics the same emphasis on user-experience, customers, and iteration. "Small teams. Quick, quick time to the market," said Mr. Grishin. "Because now you have five to 10 years to develop the technology and then five to 10 years to go to the market, which will never work."</p>
<p>In terms of taking care of aging populations in Europe and Japan or saving lives in combat, he said, robots could be a huge help. "I don't know about New York, but in Moscow, it’s very difficult to find people to clean the street," said Mr. Grishin. "And you can get robotics to do this and lot of other stuff."</p>
<p>What about the inherent dangers of unmanned cars or military drones? The same fears attended innovation in air travel or even the Internet, argued Mr. Grishin. "It’s an interesting topic. For example, robotic cars, they’re already allowed in Nevada," he said. "Any innovation brings a lot of good stuff and sometimes bad stuff. You need to count on regulators." Entrepreneurs, on the other hand, should be focused on the right implementations of the technology.</p>
<p>Grishin Robotics already has an office on 34th Street and small staff. Mr. Grishin wasn't yet ready to divulge names, but he did say he had two American employees and one Russian staff member. His main focus will still be on Mail.ru. "I will just give my money and passion and review investments."</p>
<p>If Mail.ru sounds familiar to American audiences, perhaps it's because that's where Russian billionaire Yuri Milner started his career. The Mail.ru Group was affiliated with Digital Sky Technologies, Mr. Milner's global investment firm with stakes in Facebook, Zynga, and Groupon. In fact, Mr. Grishin was <a href="http://www.forbes.com/forbes/2011/0328/billionaires-11-profile-yuri-milner-billionaire-friended-web_4.html">once Mr. Milner's CTO</a>.</p>
<p>Mr. Grishin, who described Mr. Milner as a friend, added that he has several offers from people want to invest in Grishin Robotics, but for now he's limiting investment to his personal funds. He also eschewed the term "venture capital," preferring "investment firm" instead. "[VCs] have a limited time of investment and this is very bad for robotics and new generations. You need to be committed for [the] long-term," he said.</p>
<p>Grishin Robotics will invest its "initial" $25 million in 10 to 20 early stage or mid-stage companies that already have a prototype and need money to get to the mass market, Mr. Grishin explained.</p>
<p>Despite our repeated attempts to get Mr. Grishin's take on the <em>Terminator</em> franchise or <em>Battlestar Galatica</em>, his vision remained firmly planted in the real world. "I like movies," he said. "I believe that dreams are very good, very motivating. But now you can make dreams come true and it's very important to find good applications for robotics. The technology is already ready."</p>
]]></description>
		<content:encoded><![CDATA[<p><div id="attachment_50440" class="wp-caption aligncenter" style="width: 624px"><a href="http://nyobetabeat.files.wordpress.com/2012/06/photo-2.jpg"><img class=" wp-image-50440 " title="Dmitry Grishin Grishin Robotics" src="http://nyobetabeat.files.wordpress.com/2012/06/photo-2.jpg?w=1024" alt="" width="614" height="458" /></a><p class="wp-caption-text">Mr. Grishin, holding court at Dean &amp; Deluca</p></div></p>
<p>Last week, Betabeat met 33-year-old Dmitry Grishin, the so-called "<a href="http://www.telegraph.co.uk/finance/newsbysector/mediatechnologyandtelecoms/8131363/Mail.rus-Dmitry-Grishin-Were-bigger-than-Facebook.html">Russian Mark Zuckerberg</a>," to talk about robots. Or more specifically, to talk about the $25 million investment Mr. Grishin just made to launch <a href="http://www.grishinrobotics.com/">Grishin Robotics</a>, a global investment firm--based in New York City!--with the goal of bringing personal robots into every household in the world.</p>
<p>Mr. Grishin is the CEO of Mail.ru, <a href="http://www.iclcgroup.com/news/economic-news-of-the-russian-federation/418-forbes-excluded-google-from-the-list-of-russias-largest-companies">one of the largest Internet companies in Russia</a>, offering services like email, instant messaging, and social networking. After going public on the London Stock Exchange in 2010, Mail.ru currently has a market cap of $7 billion. Mail.ru <em>also</em> happens to have<a href="http://finance.fortune.cnn.com/2012/05/17/facebook-ipo-who-got-richer/"> sold a hefty chunk of its Facebook stock</a> in the company's recent IPO, which might explain why Mr. Grishin decided the time was right to pursue his dream. "I have personal passion for robotics," Mr. Grishin, a graduate of Moscow State Technical University's Robotics and Complex Automation program. "I really believe this is a cool, cool area."</p>
<p>As it happens, talking to Mr. Grishin was not our first conversation about the impending robot revolution in recent weeks.<!--more--></p>
<p>Between Nick Paumgarten's opus about <a href="http://www.newyorker.com/reporting/2012/05/14/120514fa_fact_paumgarten">the rise of drones</a> in <em>The New Yorker </em>and <em>The Economist</em>'s cover story about <a href="http://www.economist.com/node/21556234">the ethics of our metal overlords</a>, which Mr. Grishin yanked out of his briefcase, the discussion about robots in everyday life has taken a sharp turn, of late, from science fiction into the domestic sphere. Just as SpaceX founder Elon Musk decided not to wait around for NASA, it looks like this burgeoning field might be led by private investors who made their fortune in the Internet boom and now want to think bigger.</p>
<p>The robotics industry has been around for 40 years, said Mr. Grishin, but recently a number of technological innovations have significantly reduced the cost of production. It used to cost anywhere from hundreds of thousands to a $1 million to manufacture your average robot, he said. But progress in smartphones and even electric cars has driven down the price of wireless technology, cameras, processors, memory, and batteries. "Do you know Microsoft Kinect device?" asked Mr. Grishin. "It’s a very cheap scanner and this is very useful in robotics and now it costs only $150."</p>
<p>So what do we mean when we talk about personal robots? Anything from robotic cars to telepresence robots that can, say, help a CEO monitor her employees from every angle. "If you just put camera in one direction, one person will show a lot of activities, but the others will be drinking or doing nothing," Mr. Grishin speculated, adding, "I personally believe [in] anything related to drones." He described flying quadcopters with attached cameras. "It’s just my idea," he said, but drones could used to help negotiate traffic or parking--flying ahead of the user to show potential traffic jams or hovering behind to help you figure out how much space you had before you hit the curb.</p>
<p>Mr. Grishin said he launched Grishin Robotics in New York City because of its proximity to robotics hubs in Boston (MIT) and Pittsburgh (Carnegie Mellon) as well as its connections to capital markets. "There is no clear leader in robotics right now," he said, pointing to innovation hubs in Europe as well as South Korea, where corporations like Samsung and government funding in robotics could give it an early edge. "You know Roomba?" he asked us. "It’s from [an American] company called iRobot, but there’s a lot of South Korean companies who want to replicate the idea." Soon, we might see 1o to 20 robotic vacuum cleaning devices on the market.</p>
<p>The biggest issue the industry faces is lack of capital, said Mr. Grishin. "Most of the VCs are focused on mobile applications, but you really need risk capital to improve this area. I want to focus fully on mass market robotics. And I definitely believe this is next huge big industry," he said. In contrast, the Internet startups don't actually require that much capital to get to market. "It looks like California," he said, making the gesture of panning for gold. "I’m not saying this is [a] bubble, I’m just saying everybody’s there."</p>
<p>Thus for decades, innovation has been limited to software, Internet, and PCs, he said. "Nothing happened in terms of space, in terms of airplanes, cars, nothing really. I believe you need to bring this kind of innovation to the offline world."</p>
<p>That means lending robotics the same emphasis on user-experience, customers, and iteration. "Small teams. Quick, quick time to the market," said Mr. Grishin. "Because now you have five to 10 years to develop the technology and then five to 10 years to go to the market, which will never work."</p>
<p>In terms of taking care of aging populations in Europe and Japan or saving lives in combat, he said, robots could be a huge help. "I don't know about New York, but in Moscow, it’s very difficult to find people to clean the street," said Mr. Grishin. "And you can get robotics to do this and lot of other stuff."</p>
<p>What about the inherent dangers of unmanned cars or military drones? The same fears attended innovation in air travel or even the Internet, argued Mr. Grishin. "It’s an interesting topic. For example, robotic cars, they’re already allowed in Nevada," he said. "Any innovation brings a lot of good stuff and sometimes bad stuff. You need to count on regulators." Entrepreneurs, on the other hand, should be focused on the right implementations of the technology.</p>
<p>Grishin Robotics already has an office on 34th Street and small staff. Mr. Grishin wasn't yet ready to divulge names, but he did say he had two American employees and one Russian staff member. His main focus will still be on Mail.ru. "I will just give my money and passion and review investments."</p>
<p>If Mail.ru sounds familiar to American audiences, perhaps it's because that's where Russian billionaire Yuri Milner started his career. The Mail.ru Group was affiliated with Digital Sky Technologies, Mr. Milner's global investment firm with stakes in Facebook, Zynga, and Groupon. In fact, Mr. Grishin was <a href="http://www.forbes.com/forbes/2011/0328/billionaires-11-profile-yuri-milner-billionaire-friended-web_4.html">once Mr. Milner's CTO</a>.</p>
<p>Mr. Grishin, who described Mr. Milner as a friend, added that he has several offers from people want to invest in Grishin Robotics, but for now he's limiting investment to his personal funds. He also eschewed the term "venture capital," preferring "investment firm" instead. "[VCs] have a limited time of investment and this is very bad for robotics and new generations. You need to be committed for [the] long-term," he said.</p>
<p>Grishin Robotics will invest its "initial" $25 million in 10 to 20 early stage or mid-stage companies that already have a prototype and need money to get to the mass market, Mr. Grishin explained.</p>
<p>Despite our repeated attempts to get Mr. Grishin's take on the <em>Terminator</em> franchise or <em>Battlestar Galatica</em>, his vision remained firmly planted in the real world. "I like movies," he said. "I believe that dreams are very good, very motivating. But now you can make dreams come true and it's very important to find good applications for robotics. The technology is already ready."</p>
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