The reason it has taken so long for the robotics industry to move forward is because people keep trying to make something that is cool but difficult to achieve rather than trying to find solutions to actual human problems. Technology can be extremely expensive if you don't focus.

One of the big things coming out of healthcare reform is a thing called the Community Living Assistance Services and Supports Act (CLASS) which is a mechanism to reimburse people staying at home for technology and services that allow them to stay at home.

Hollywood likes to imagine robots as mechanical copies of ourselves - which is a terrible idea.

I was focused on building things from an early age. When I was about 3, our toilet broke, and my mother was ready to call the plumber. I told her I would fix it and asked her to get my Richard Scarry book 'How Things Work in Busytown.' Between the picture of a toilet and the text she read to me explaining how the parts worked, I fixed it.

There are so many opportunities to make a bad decision in building a robot company on top of all the normal ways that entrepreneurs screw up that it is incredibly difficult to truly create value because it is so cost-sensitive.

The answer is navigation, manipulation, and implementation of more sophisticated intelligence. The idea that a robot will become more aware of its environment, that telling it to "go to the kitchen" means something - navigation and understanding of the environment is a robot problem. Those are the technological frontiers of the robotics industry.

We learned that very few people care how you accomplish something. Instead, these people care more about whether you create value for your end user.