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Invest Like the Best with Patrick O'Shaughnessy

Mark Groden - The Future of Flying

Tue May 21 2024
aviationsafetytechnologyautomationgeneral aviationfly-by-wire systemshelicoptersairplanesflying cars

Description

This episode explores the importance of aviation safety and the potential for technology to enhance it. The speaker discusses the challenges faced by general aviation, the benefits of automation in commercial airliners, and the need for improved safety measures. They also highlight the role of technology in creating safer helicopters and airplanes, as well as the potential for a future with flying cars. The episode emphasizes the importance of human involvement in technology development and the goal of integrating air transportation into daily lives.

Insights

Teagas offers a platform with over 100,000 transcripts and grows its library at an unmatched speed compared to competitors.

The Founders podcast by David Senra explores insights from legends' lives and provides tried and true tactics for listeners.

In Best Like the Best podcast, hosted by Patrick O'Shaughnessy, is part of the Colossus family and features discussions on markets, ideas, stories, and strategies for investing time and money.

Mark Groden, CEO of Skyrise, aims to enhance general aviation safety and eliminate deaths in general aviation helicopters and planes.

Groden's passion for aviation began at a young age due to his fascination with transportation vehicles like planes and helicopters.

After a personal loss, Groden decided to dedicate his life to improving aviation safety through Skyrise.

Advancements in processing technology have enabled the implementation of fly-by-wire systems in aviation, enhancing safety and automation.

Fly-by-wire systems in commercial airliners use computers to translate pilot inputs to flight control surface outputs, providing automation and protection.

General aviation lacks fly-by-wire systems, relying on mechanical connections between pilot inputs and flight control surfaces, increasing the risk of loss of control accidents.

Loss of control in flight is the leading cause of fatal accidents in general aviation, highlighting the importance of pilot training and spatial awareness.

Commercial airline pilots have control over aircraft attitude but are supported by advanced automation systems for safer landings, unlike general aviation pilots who lack such technology.

The goal of leveraging technology to create safer and easier-to-fly helicopters and airplanes has been a driving force behind advancements in aviation safety.

The company founder emphasizes the importance of human involvement in technology development.

Building an unmanned flying machine is not difficult, but ensuring safety and real-time pilot control is challenging.

Creating a universal interface for aircraft can enhance safety by minimizing pilot training differences.

Helicopters face challenges flying through clouds, impacting safety and dispatch reliability.

Helicopters have a higher accident rate compared to airplanes due to maintenance issues or pilot errors.

Improving helicopter stability and ease of control can significantly enhance safety and operational efficiency.

Spatial disorientation due to flying into a cloud can be avoided with technology that stabilizes the aircraft and provides spatial awareness.

The concept of a car that flies is not feasible due to conflicting engineering requirements.

Chapters

  1. Key Insights
  2. Summary
  3. Key Insights
  4. Key Insights
  5. Key Insights
  6. Key Insights
  7. Key Insights
  8. Summary
  9. Key Insights
  10. Insights
  11. Summary
Summary
Transcript

Key Insights

00:00 - 07:01

  • Teagas offers a platform with over 100,000 transcripts and grows its library at an unmatched speed compared to competitors.
  • The Founders podcast by David Senra explores insights from legends' lives and provides tried and true tactics for listeners.
  • In Best Like the Best podcast, hosted by Patrick O'Shaughnessy, is part of the Colossus family and features discussions on markets, ideas, stories, and strategies for investing time and money.
  • Mark Groden, CEO of Skyrise, aims to enhance general aviation safety and eliminate deaths in general aviation helicopters and planes.
  • Groden's passion for aviation began at a young age due to his fascination with transportation vehicles like planes and helicopters.
  • After a personal loss, Groden decided to dedicate his life to improving aviation safety through Skyrise.
  • Advancements in processing technology have enabled the implementation of fly-by-wire systems in aviation, enhancing safety and automation.
  • Fly-by-wire systems in commercial airliners use computers to translate pilot inputs to flight control surface outputs, providing automation and protection.
  • General aviation lacks fly-by-wire systems, relying on mechanical connections between pilot inputs and flight control surfaces, increasing the risk of loss of control accidents.
  • Loss of control in flight is the leading cause of fatal accidents in general aviation, highlighting the importance of pilot training and spatial awareness.
  • Commercial airline pilots have control over aircraft attitude but are supported by advanced automation systems for safer landings, unlike general aviation pilots who lack such technology.
  • The goal of leveraging technology to create safer and easier-to-fly helicopters and airplanes has been a driving force behind advancements in aviation safety.
  • The company founder emphasizes the importance of human involvement in technology development.
  • Building an unmanned flying machine is not difficult, but ensuring safety and real-time pilot control is challenging.
  • Creating a universal interface for aircraft can enhance safety by minimizing pilot training differences.
  • Helicopters face challenges flying through clouds, impacting safety and dispatch reliability.
  • Helicopters have a higher accident rate compared to airplanes due to maintenance issues or pilot errors.
  • Improving helicopter stability and ease of control can significantly enhance safety and operational efficiency.
  • Spatial disorientation due to flying into a cloud can be avoided with technology that stabilizes the aircraft and provides spatial awareness.
  • The concept of a car that flies is not feasible due to conflicting engineering requirements.
  • Existing airplanes and helicopters have the potential to offer a flying car future if safety is improved, making air transport more accessible.
  • Building a market for safer aircraft is crucial for realizing the flying car future, which could be achieved by integrating technology into helicopters for vertical takeoff and landing at a reasonable cost.
  • General aviation has not enjoyed economies of scale like the automotive industry, limiting production volume and affordability of aircraft.
  • Safety concerns are a major barrier to engaging with air transport on a daily basis, but addressing safety issues could unlock latent demand for flying as a new mode of transportation.
  • Changing the paradigm of safety and proficiency in flying can lead to increased usage of air transportation
  • Existing infrastructure like general aviation airports can support a more integrated air-based transport system
  • Thoughtful flight route planning and technology can minimize environmental impact and noise pollution
  • High levels of automation in vehicles can make transportation more accessible and reduce the need for highly skilled pilots
  • Coupling human intention with machine automation is crucial for achieving economic value in autonomous transportation
  • In aviation, the environment is highly regulated and less complex compared to autonomous cars, making it suitable for advanced automation technology.
  • The company has developed an operating system called SkyOS that leverages expert decision artificial intelligence to enhance the capability of vehicles and provide a more intuitive user experience.
  • SkyOS is designed based on collective industry expertise and encodes all possible scenarios to ensure responsible technology creation.
  • The operating system allows individuals with zero flight experience to quickly learn and control aircraft, showcasing higher levels of automation than traditional automobiles.
  • The goal is to empower pilots by increasing reliability and standardizing technology in order to expand the pool of qualified pilots and improve transportation systems.
  • OEMs in the aviation industry are not focused on building actuation, automation systems, or software, making them open to new technology that enhances safety and increases their revenue through servicing.
  • Safety is a critical factor in the aviation industry as accidents can shake confidence and impact bottom lines.
  • Safety-enhancing technology tends to have rapid market adoption due to people's willingness to invest in safer transportation.
  • The company aims to significantly improve safety standards in general aviation with its operating system, which has been compared to the F-35 cockpit technology.
  • The future vision includes integrating air transportation into daily lives seamlessly and affordably, potentially leading to increased consumption of air travel.

Summary

06:41 - 13:34

  • The speaker shares a personal story about the challenges of traveling to see their grandfather due to inefficient transportation systems.
  • General aviation, which includes helicopters and small airplanes, is less safe than commercial airliners due to lack of automation and technology.
  • Commercial airliners have achieved high levels of safety through automation and highly trained pilots, while general aviation faces safety challenges.
  • There are around 400,000 general aviation aircraft worldwide, with a significant number of accidents and fatalities annually, highlighting the need for improved safety measures.
  • Historically, general aviation has not benefitted from the same level of safety standards as commercial aviation due to differences in engagement and technology limitations.
  • Advancements in processing power have made it possible to bring automation technology to smaller airplanes and helicopters in general aviation, improving safety measures.

Key Insights

13:11 - 20:19

  • Enhanced technology could lead to a future where teenagers obtain driver's and flyer's licenses, with flying becoming easier than driving.
  • Military applications of aviation technology are advanced due to challenging mission profiles like flying in GPS-denied environments against adversaries.
  • Regulatory challenges and duopoly in aircraft integrators make aviation industry difficult to break into, with Tier 1 suppliers having significant leverage over integrators.
  • OEMs in the aviation industry are not focused on building actuation, automation systems, or software, making them open to new technology that enhances safety and increases their revenue through servicing.
  • Safety is a critical factor in the aviation industry as accidents can shake confidence and impact bottom lines.
  • Safety-enhancing technology tends to have rapid market adoption due to people's willingness to invest in safer transportation.
  • The company aims to significantly improve safety standards in general aviation with its operating system, which has been compared to the F-35 cockpit technology.
  • The future vision includes integrating air transportation into daily lives seamlessly and affordably, potentially leading to increased consumption of air travel.

Key Insights

20:00 - 26:40

  • The company founder emphasizes the importance of human involvement in technology development.
  • Building an unmanned flying machine is not difficult, but ensuring safety and real-time pilot control is challenging.
  • Creating a universal interface for aircraft can enhance safety by minimizing pilot training differences.
  • Helicopters face challenges flying through clouds, impacting safety and dispatch reliability.
  • Helicopters have a higher accident rate compared to airplanes due to maintenance issues or pilot errors.
  • Improving helicopter stability and ease of control can significantly enhance safety and operational efficiency.

Key Insights

26:15 - 32:49

  • Spatial disorientation due to flying into a cloud can be avoided with technology that stabilizes the aircraft and provides spatial awareness.
  • The concept of a car that flies is not feasible due to conflicting engineering requirements.
  • Existing airplanes and helicopters have the potential to offer a flying car future if safety is improved, making air transport more accessible.
  • Building a market for safer aircraft is crucial for realizing the flying car future, which could be achieved by integrating technology into helicopters for vertical takeoff and landing at a reasonable cost.
  • General aviation has not enjoyed economies of scale like the automotive industry, limiting production volume and affordability of aircraft.
  • Safety concerns are a major barrier to engaging with air transport on a daily basis, but addressing safety issues could unlock latent demand for flying as a new mode of transportation.

Key Insights

32:33 - 39:16

  • Changing the paradigm of safety and proficiency in flying can lead to increased usage of air transportation
  • Existing infrastructure like general aviation airports can support a more integrated air-based transport system
  • Thoughtful flight route planning and technology can minimize environmental impact and noise pollution
  • High levels of automation in vehicles can make transportation more accessible and reduce the need for highly skilled pilots
  • Coupling human intention with machine automation is crucial for achieving economic value in autonomous transportation

Key Insights

38:51 - 45:28

  • In aviation, the environment is highly regulated and less complex compared to autonomous cars, making it suitable for advanced automation technology.
  • The company has developed an operating system called SkyOS that leverages expert decision artificial intelligence to enhance the capability of vehicles and provide a more intuitive user experience.
  • SkyOS is designed based on collective industry expertise and encodes all possible scenarios to ensure responsible technology creation.
  • The operating system allows individuals with zero flight experience to quickly learn and control aircraft, showcasing higher levels of automation than traditional automobiles.
  • The goal is to empower pilots by increasing reliability and standardizing technology in order to expand the pool of qualified pilots and improve transportation systems.

Summary

45:06 - 51:17

  • Cloudy weather in LA affects pilot utilization and revenue, but improved flying conditions could increase pilot pay and utility of aircraft.
  • Enhanced technology could lead to a future where teenagers obtain driver's and flyer's licenses, with flying becoming easier than driving.
  • Military applications of aviation technology are advanced due to challenging mission profiles like flying in GPS-denied environments against adversaries.
  • Regulatory challenges and duopoly in aircraft integrators make aviation industry difficult to break into, with Tier 1 suppliers having significant leverage over integrators.

Key Insights

50:53 - 57:26

  • OEMs in the aviation industry are not focused on building actuation, automation systems, or software, making them open to new technology that enhances safety and increases their revenue through servicing.
  • Safety is a critical factor in the aviation industry as accidents can shake confidence and impact bottom lines.
  • Safety-enhancing technology tends to have rapid market adoption due to people's willingness to invest in safer transportation.
  • The company aims to significantly improve safety standards in general aviation with its operating system, which has been compared to the F-35 cockpit technology.
  • The future vision includes integrating air transportation into daily lives seamlessly and affordably, potentially leading to increased consumption of air travel.

Insights

56:56 - 1:03:55

  • Transportation becoming more accessible leads to increased consumption.
  • Integration of flight into daily lives involves strategic positioning and infrastructure.
  • Mission-driven focus in company building can lead to a narrow, concentrated life.
  • Balancing work with activities like sailing and meditation can provide clarity and insight.
  • Processing experiences outside of work contributes to personal growth and learning.

Summary

1:03:30 - 1:06:22

  • The speaker credits a close friend for teaching them about the fundamentals of speaking and expressing passion.
  • The friend helped the speaker articulate their life goals and passion, which improved various aspects of their business endeavors.
  • When struggling to articulate passion, the key is to ask 'why' multiple times to uncover one's truth and genuine motivations.
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