Charlotte Angel Connection Episode 138: Andrew Ashur, Founder of Lucid Drone Technologies

Charlotte Angel Connection

Today we welcome Andrew Ashur to the podcast. Andrew is the founder and CEO of Lucid Drone Technologies, a YCombinator-backed company building industrial drones for labor-intensive tasks. While studying Economics and Spanish at Davidson College, Andrew learned mechanical, electrical, and software engineering to create Lucid Drones’ first prototype. Fast forward to today and Lucid Drones is scaling rapidly to alleviate labor shortages in the service economy. We cover a wide variety of topics in this episode, like how (and why) Andrew… Increased the company’s “surface area of luck” by cleaning Mercedes Benz Stadium Flew an early-stage drone into a tree minutes before an investor demo Powered through a chemical burn to clean a parking garage in the early days Found his first investor in Chicago and raised funds to fly there to pitch Lucid Drones Fundraises continually with a relationship- and traction-driven process …as well as the role NASCAR played in Andrew’s decision to headquarter Lucid Drones in Charlotte, and more! Please enjoy this conversation with Andrew Ashur. William Bissett is the owner of and an Investment Advisor Representative of Portus Wealth Advisors, a Registered Investment Adviser. Registration does not imply a certain level of skill or training. Opinions expressed on this program do not necessarily reflect those of Portus Wealth Advisors. The topics discussed and opinions given are not intended to address the specific needs of any listener.   Portus Wealth Advisors does not offer legal or tax advice, listeners are encouraged to discuss their financial needs with the appropriate professional regarding your individual circumstance.  Investments described herein may be speculative and may involve a substantial risk of loss. Interests may be offered only to persons who qualify as accredited investors under applicable state and federal regulation or an eligible employee of the management company. There generally is no public market for the Interests. Prospective investors should particularly note that many factors affect performance, including changes in market conditions and interest rates, and other economic, political or financial developments. Past performance is not, and should not be construed as, indicative of future results.