Base Power Hits $13B Valuation on $1B Series D

Justin Lopas, Co-Founder and COO of Base Power, joins Sourcery at Factory 1 in Austin for the launch of Base Core and the company's $1 billion Series D. The round values Base at $13 billion post-money and is led by Ribbit, Addition, Valor Equity Partners, and JPMorganChase's Strategic Investment Group. Existing investors Thrive Capital, a16z, Lightspeed, Trust Ventures, and CapitalG re-invested, bringing total capital raised past $2.5 billion. Base Core is the largest standalone home battery on the market at 40 / 80 kWh. Justin walked me through the factory floor, the install demo, and why Base builds the hardware itself. "It is so critical to bring manufacturing back to the US, especially for critical infrastructure." We cover: › The $1B Series D at a $13B post-money valuation › Base Core, 40 kWh of storage and 20 kW on the inverter › Whole home backup versus circuit-level backup › Retail choice markets versus utility partnership markets › Installing batteries around data centers to offset interconnection load › 4,000 units per week by the end of the year › Over 100 installs a day › 100% US and Mexico supply chain › Factory 1 built in under 6 months Justin Lopas: https://x.com/JLopas Molly O’Shea: https://x.com/MollySOShea Sourcery: ⁠https://x.com/sourceryy 𝐄𝐏𝐈𝐒𝐎𝐃𝐄 𝐋𝐈𝐍𝐊 YouTube: ⁠https://youtu.be/zfFGgfI2Xog https://youtu.be/zfFGgfI2Xog 𝐒𝐏𝐎𝐍𝐒𝐎𝐑𝐒 • Brex https://brex.com/sourcery—The modern finance platform, combining the world’s smartest corporate card with integrated expense management, banking, bill pay, & travel. https://brex.com/sourcery • Turing https://turing.com/sourcery—Turing delivers top-tier talent, data, and tools to help AI labs improve model performance—and enables enterprises to turn those models into powerful, production-ready systems. https://turing.com/sourcery • VCX https://fundrise.com/vcx—VCX is the public ticker for private tech, allowing investors of all sizes to invest in venture capital. View The Portfolio at http://GetVCX.com http://getvcx.com • Deel https://www.deel.com/sourcery—Deel is the global people platform that helps startups hire, manage, pay, and equip anyone, anywhere. Trusted by more than 35,000 fast-growing companies, Deel is the people platform that just works, so teams can scale without the chaos. Visit: https://www.deel.com/sourcery • Public http://public.com/sourcery–Investing platform Public just launched Generated Assets https://public.com/generated-asset, which lets you turn any idea into an investable index with AI. With Generated Assets, you can build, backtest, refine, and invest in any thesis with AI. Gone are the days of one-size-fits-all ETFs. https://public.com/sourcery Follow Sourcery for the latest updates! https://www.sourcery.vc https://www.sourcery.vc/ Disclosure Paid Endorsement. Brokerage services by Open to the Public Investing Inc, member FINRA & SIPC. Advisory services by Public Advisors LLC, SEC-registered adviser. Crypto trading provided by Zero Hash LLC, licensed by the NYSDFS. Generated Assets is an interactive analysis tool by Public Advisors. Output is for informational purposes only and is not an investment recommendation or advice. See disclosures at public.com/disclosures/ga. Matched funds must remain in your account for at least 5 years. Match rate and other terms are subject to change at any time. 𝐓𝐈𝐌𝐄𝐒𝐓𝐀𝐌𝐏𝐒 (00:00) Justin Lopas, Co-Founder & COO at Base Power Company (01:06) Base Power raises a $1B Series D (02:26) Meet Base Core (05:42) Demo: Whole-home backup in action (07:06) How Base Power's business model works (08:55) Inside Base Power's Factory (11:28) Why Base Core is 3x larger than other home batteries (12:05) Inside the manufacturing line (13:23) Can humanoid robots build batteries? (14:13) Why Base Power manufactures its own batteries (15:47) Inside the robotic assembly line (18:09) How lithium-ion batteries work (21:40) Scaling production to 4,000 units a week (22:33) Installing 100+ systems a day (23:03) COO or Electrician? (23:53) From oil rigs to Base Power

Speaker names marked ? are inferred from speaking time and the show’s known hosts — they are not voice-verified.

• 0:00Molly O'Shea?

  Base Power just raised a $1 billion Series D at a $13 billion valuation led by Ribbit, Edition, Valor, and JP Morgan Chase, bringing total funding over $2.5 billion, just 10 months after their $1 billion Series C. Today, they're launching BaseCore, the largest standalone home battery on the market.

• 0:17Speaker 01

  So this is actually the BaseCore. This is what we're announcing. It's almost like plugging in an EV. And so they stack up the modules inside and the inverter, and then they just plug everything in. So it's a 40 kilowatt hour system and 20 kilowatts on the inverter. This is like three times larger than what you would find in a traditional home battery. So these are battery cells. Inside of this is a bunch of chemistry that basically stores energy. So you can charge and discharge it. We're not there yet, but we'll be able to produce about 4,000 of these units per week towards the end of the year. That's like one every few minutes, which is very, very quick. Let's say that the grid goes off. You can see like grid goes off, but the battery backs you up.

• 1:05Molly O'Shea?

  So last time I talked with you guys was your Series C back in October, where you raised a billion dollars. Congratulations on another billion dollars and a $13 billion post valuation.

• 1:15Speaker 01

  Thank you.

• 1:15Molly O'Shea?

  But this doesn't exist. So how long did this whole facility take?

• 1:20Speaker 01

  Yeah, so we moved in here in September, October of last year. But the production line really only got started, started getting built in February or March of this year. So like where we're standing right here, all of this is, is, you know, less than six months old. We were doing some warehousing and distribution stuff for the six months prior to that. But this all has come together super quickly. And if you came here in the morning, you see like most of the people that we've brought on also have started in the last six months that are working in the factory. So it's been a super rapid, you know, increase in our production capacity and all of our team that's producing.

• 1:55Molly O'Shea?

  And how many people work in this facility?

• 1:57Speaker 01

  We've got about 100 now. Um, yeah, we got about 100 and then we're going to be starting a second shift.

• 2:01Molly O'Shea?

  How many floors is this? Is it just one floor?

• 2:03Speaker 01

  Just one floor, yeah.

• 2:04Molly O'Shea?

  Really?

• 2:04Speaker 01

  Yeah, I'll show you the

• 2:05Molly O'Shea?

  The building looks huge.

• 2:07Speaker 01

  There's a, there's a multi-floor office that we don't use. That's not part of our lease, but yeah, we've got three floors in our HQ, one major production floor here, and then we've got a big warehouse back there, too.

• 2:18Molly O'Shea?

  And you guys are hiring?

• 2:20Speaker 01

  We're hiring a ton, yeah. Hiring across all roles.

• 2:23Molly O'Shea?

  All roles. Cool. All right, so we're here at Base Power in Austin, Texas, specifically in the neighborhood with Justin Lopez. How are you?

• 2:34Speaker 01

  Good. How you doing? Thanks for coming.

• 2:35Molly O'Shea?

  Pretty good. So you're going to walk us through Base?

• 2:40Speaker 01

  Yeah.

• 2:41Molly O'Shea?

  And something very special that just got released.

• 2:43Speaker 01

  Yes, let's do it. So Base designs and manufactures batteries. We're about to show you where they're made. And this display shows you how they're installed on a home. So the batteries provide backup power for homeowners. So if the grid goes off, the battery backs you up. And also when the grid's up and running, provides the grid support. So when there's tightness on the grid from everybody plugging in their EVs and turning on their AC and it's hot in the summer or very cold in the winter here in Texas or anywhere else, the batteries provide that support. But here's how they're, here's how they're hooked up. So the way that it works is grid typically comes in into your meter. This we don't install. This is the utility meter. We just put our logo on it for this display.

• 3:27Speaker 01

  And then normally it goes straight from here into your electrical panel. And electrical panel then distributes it to your washing machine and your refrigerator and all that. But instead, when we come, we basically break that connection and we install our system right here and on the ground over there in the middle. So the way that this works is electricity comes in through the meter, goes out of the meter into our disconnect box, which I'll explain in a minute, and then comes out of our box and into the electrical panel. This is important because this provides what's called whole home backup. So oftentimes, many batteries in the market will only back up certain circuits on your home and you have to like pick those circuits when it's getting installed. And so maybe you won't back up your washing machine, which you will your refrigerator. That's a bummer. And so we said, why don't we back up everything in the home and build a system that can do that?

• 4:12Speaker 01

  And so that's how we've done it. This box is also designed by us. It looks gray and boring and that's on purpose for regulatory reasons. But this is actually, there's a lot of smartness in here. And what this does is it does all the telemetry and all the data collection and also it controls the system. This is installed by an electrician, a highly skilled electrician. Takes an hour or two, sometimes three, depending on where it is. And then that's it. That's all the electrician does. And then later on, the next day typically, the delivery drivers come and they install this. So this is actually the BaseCore. This is what we're announcing.

• 4:48Molly O'Shea?

  This is BaseCore.

• 4:50Speaker 01

  This is the new product. And so this actually has a quick connect on that disco inside and a quick connect here. So you don't have to do any wiring. You don't have to like cut and strip wire or fish it through conduit. All these things that like require a lot of skillsets and take a lot of time and are very expensive, we don't do any of that. It's almost like plugging in an EV. And so they stack up the modules inside and the inverter, and then they just plug everything in. That takes like, you know, however long it takes to walk from the truck to stack these heavy modules, basically. So 15 minutes, 30 minutes, et cetera. They have a little phone app that allows them to turn it on and make sure it works. And then that's it. And then this also allows you to plug in a generator. So if there's a super long duration outage where like the battery doesn't back you up

• 5:33Speaker 01

  for the whole period of time, say it's a few days or even a week, you can top off the battery with one of those little like pull start generators. And that's it. That's the product.

• 5:41Molly O'Shea?

  Wow. Do you want to do the demo?

• 5:44Speaker 01

  Oh yeah, we can do the thing. Yeah.

• 5:45Molly O'Shea?

  Flip the flap.

• 5:46Speaker 01

  Okay, so if you look at where the, where the lights are, this is like showing the flow of electricity. So the grid is powering the home. And in this mode right now, we're charging the battery. So you can see the electricity going into the battery. But let's say that the grid goes off. If you want to like point the camera at the window, you can see like grid goes off, but then the battery backs you up. And now the battery's backing you up. We actually made it, made that gap like a few seconds for dramatic effect. But actually, you don't even know. So like oftentimes, our customers will be backed up on the, by the battery and they won't even know because like there's no outage in between. Because the battery flips over so quickly.

• 6:27Speaker 01

  And now you can also see like battery energy going into the panel and then into the home.

• 6:33Molly O'Shea?

  Damn. And so you're a bit of an electrician yourself.

• 6:40Speaker 01

  I'm a, I'm a very amateur electrician, but yeah, I do some electrical work at my house and such. But yeah, we have actual real electricians that actually install these things who are licensed and trained and much, much more highly skilled than me.

• 6:53Molly O'Shea?

  And you said it takes how many people and how many hours to get this installed?

• 6:57Speaker 01

  So this box is like an hour or two typically by an electrician. And then that box is like less than an hour by two guys, just because it's like, it's heavy.

• 7:06Molly O'Shea?

  And so I'm in California. We only have one power service provider.

• 7:13Speaker 01

  Yeah.

• 7:13Molly O'Shea?

  You're sharing how you're in Texas, there's multiple options. So I'm going around to different offices and I'm going to be sure that they choose you next. But like, can you walk through that process? Like, how do you get to choose and what are the, what's the main difference between the offerings?

• 7:28Speaker 01

  Yeah, totally. So there's basically two types of electricity markets in the US. There's retail choice, meaning you can choose who you buy your power from. And then there's not retail choice. And so in California is mostly a non-retail choice market. And Texas, for the most part, but not all of Texas, is a retail choice market. So what that means is that you can choose who you buy your power from. So outside of batteries, and we offer this without a battery, you can sign up for our service and we sell you power. So if you use, you know, 1,000 kilowatt hours in the month, we sell you 1,000 kilowatt hours and that's what we bill you for. And on the backend, we are maintaining your lower cost of energy because we have these batteries on your neighbor's homes. Now, that's in the retail choice markets.

• 8:11Speaker 01

  So like Houston and Dallas and parts north of Austin and in the Chicago area, those are all retail choice markets. And so that's what we do. In the non-retail choice markets, so like California, we don't operate in California yet. But places like El Paso is an example where we operate. Those markets, you can't choose who you buy, where you buy your power from. So like PG&E is the only game in town. If you want electricity, that's it. And so in those markets, we partner with the utility. We still put the battery on the home. We own the battery, but the utility controls it and then they pay us for access to the battery. So that's how we recoup the cost of the battery, so to speak. And that's our business model in those markets.

• 8:52Molly O'Shea?

  Cool. Should we see the factory?

• 8:54Speaker 01

  Let's do it.

• 8:55Molly O'Shea?

  Okay.

• 8:56Speaker 01

  Okay, so basically we're doing three things in this building. The first is R and D. So here, each one of these silver boxes is what's called a thermal chamber. So these are basically like hot, cold, high humidity, low humidity. And we're doing like reliability testing primarily. So like, we want to be able to install the thing for, you know, it takes like an hour or two and then not touch it for 15 years, right? And so that turns out it's like a harder technical problem than you think. And so like that one right there is at 85% humidity and 85 degrees C, which is like hotter than it would ever get on, on earth to like simulate extreme temperatures.

• 9:36Molly O'Shea?

  Yeah. It's a hot box.

• 9:38Speaker 01

  Exactly, exactly. These are units that don't have their skins on. So you can kind of see what this looks like. So there are four of these battery modules and then one inverter. So this obviously has just has some test equipment on it. But essentially, when you take all the covers off, this is what it looks like inside. And these are all made here, which is what I'm about to show you.

• 10:00Molly O'Shea?

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• 10:41Molly O'Shea?

  That's why Sorcery runs on Brex, so I can spend time on building and not busy work. It's time to get Brex AF. Learn more at brex.com/sorcery. That's B-R-E-X dot com slash S-O-U-R.

• 10:57Speaker 02

  So how big is the battery in kilowatt hours?

• 11:01Speaker 01

  So it's a 40 kilowatt hour system and 20 kilowatts on the inverter. This is like three times larger than what you would find in a traditional home battery. And that's purposeful. Like, we want to put as much power and as much energy on a home as we can because our install costs are basically the same whether or not we install, you know, five or 40 kilowatt hours.

• 11:19Speaker 02

  Have you put anything on the newspaper line?

• 11:23Speaker 01

  No, no, we haven't. That's decommissioned, unfortunately. We, um, we've walked around on it, but not, we're not.

• 11:28Speaker 02

  You walked around on it?

• 11:29Speaker 01

  We had some people walk around on it to do some maintenance up there, but, uh, no, we have not.

• 11:34Speaker 02

  Okay.

• 11:34Speaker 01

  We have not. But anyways, this is the end of the module line. So the module line comes towards us and, uh, what it produces essentially is, uh, let's see if there's one in here. Yeah, this one's empty. These are all empty, I guess, but we haven't, uh, because we're just producing more. But essentially, we pack them out into these boxes, the, the end of the line, the inverters that look like what's on the shelf over there. Um, and so if you walk this way. Again, this is all empty right now, but normally you'd see parts running through here. So, um, each station has a different, a different purpose. We also designed all of the software, so the MES, as it's called, Manufacturing Execution System.

• 12:19Speaker 01

  The software on all of the monitors is all what we've written that controls robots and controls the traceability and all this other stuff. Um, so you can see this line is like semi-automated, semi-manual. So we have an automated, uh, potting operation. We have a manual, um, uh, screwing operation. There's an automated, uh, test on the other side of the line, uh, at the end of the line. And so we've done a mix of basically manual versus automated. And the reason for that is some things are really hard to automate and humans can do them a lot better. And so why would we waste time on it?

• 12:53Speaker 02

  Do you foresee any humanoid robotics in here?

• 12:57Speaker 01

  Someday, yeah, for sure. I think the challenge that we have and a lot of things that are hard to automate physically have very high dexterity. And so when the hands on humanoid robots get very good, uh, then I think there's an application.

• 13:11Speaker 02

  There was one that just went viral.

• 13:12Speaker 01

  I saw this. Yeah, yeah. I saw that. I saw that. Yeah. That, uh, it's hard though, like, cause like, for instance, you know, one of the steps here is to like install a little screw, right? And so you have to like hold the screw and hold the, hold the torque gun and like place it very carefully inside of the printed circuit board. And you can't mess up because there's a bunch of components around it. And so that's really hard to automate. And so we have a, we have a, a person, uh, that is here doing this, um, or installing connectors on the other side of the line. So just depends on what the, the process is.

• 13:43Speaker 02

  So why are you guys building this? You could have kept on building it and installing it. Why build it yourself?

• 13:48Speaker 01

  Yeah. I mean, I think like the fundamental thing is that the, the use case for the battery, which is really focused on backing up a home for a long period of time and being supportive of the grid is different than most home batteries, which are typically paired with solar. So if you look at other competitive battery products that are like sold mostly to wealthy people at very high costs, they're like small, typically wall mounted, take a long time to install and aren't really focused on supporting the grid. And the business model isn't oriented towards that, right? They're like just sold to typically wealthy people. Um, this is a totally different play on grid batteries. Instead of big shipping container batteries, we chopped it up into a bunch of little pieces. We put it at the edge of the grid. That's what this is. This is a grid focused battery.

• 14:32Speaker 01

  Then why do we make it ourselves versus like pay somebody else to make it? It's a vertical integration thesis, right? We can cut down costs. We can reduce lead time. We can change the hardware much more quickly because we can change, we can have the engineer drive the golf cart or, or run over here and go change something on the line, uh, from HQ. And so it's just like, it's a control thing. Um, and also like, we want to bring manufacturing back to the U.S. It's something I'm very passionate about and we're able to, we're able to do with a big factory like this.

• 14:59Speaker 02

  Cool.

• 15:00Speaker 01

  So this is the unit. Um, we've got, these are the, this is the end of the line also for the battery module. So you can see that these are, these were built today here. So there's two lines here. They're the exact same thing. They just double the output. Um, and so the beginning of the line starts over here.

• 15:25Speaker 02

  Damn, these are some robot arms.

• 15:30Speaker 01

  Serious automation.

• 15:32Speaker 02

  These are crazy.

• 15:33Speaker 01

  Yeah. So it starts life as a, as a big aluminum box and this comes from one of our suppliers. This is all to our design. Afterwards, it goes into this big robotic assembly cell. And so what this does is this basically creates, if you look through here, Mala, you can kind of see, you see those like racks that are facing down on the right side here? Those are groups of cells. You see that, uh, on those like downward facing racks? So those are groups of cells.

• 16:06Speaker 02

  Yeah.

• 16:06Speaker 01

  And those are created over here by this robotic cell. So the first robot applies a layer of glue and then the second two robots place those battery cells into the enclosure. Um, and all, if you look at all these carts, they're all, they're not moving right now, but they're, they're driven automatically. And so they follow this tape on the floor and they go into the cell here.

• 16:28Speaker 02

  That's crazy. How did you guys learn how to do this?

• 16:32Speaker 01

  So we've hired a lot of great people who have worked on automated assembly systems before, uh, at various different high volume companies, some automotive, some not. Um, and, uh, look, I mean, this is like cool engineering and awesome, but we didn't invent the robots, right? The robots, we buy the robots and we program them and we use them for our use case. One of those stacks over there is basically this. If you want to sit down.

• 16:55Speaker 02

  Yeah, I wanna, no, I can, I could totally carry it.

• 16:58Speaker 01

  It's pretty heavy.

• 17:00Speaker 02

  Is this like 40 pounds?

• 17:03Speaker 01

  Yeah.

• 17:03Speaker 02

  Oh my God.

• 17:05Speaker 01

  There's 40 of them, there's four of them in there.

• 17:07Speaker 02

  Oh, so it is 40 pounds?

• 17:09Speaker 01

  No, no, there's four of these inside the module.

• 17:12Speaker 02

  Oh.

• 17:12Speaker 01

  And it's like 110 pounds. So it's like 25 pounds.

• 17:15Speaker 02

  Let me try that again. It was 25 pounds? Yeah, totally 25 pounds.

• 17:21Speaker 01

  Yeah.

• 17:22Speaker 02

  It's so heavy.

• 17:23Speaker 01

  So cells are dense. So these are battery cells. Um, and what's right behind me creates this. So it stacks up the cells. It puts a little fire break in between. It puts these bands on, uh, and then it puts the end caps on and compresses all of it. So it's all one big block.

• 17:38Speaker 02

  So for people who don't know how batteries work, can you explain the architecture of a battery?

• 17:44Speaker 01

  Yeah, sure. So a battery is made up of a bunch of cells. Each one of these blue boxes is one cell. And so our batteries have a few tens of cells in them. Inside of this is a bunch of chemistry that basically stores energy. So you can charge and discharge it. And then as you can see on the top, there's a plus and a minus. So it's just like a nine volt battery, you know, in your remote control for your TV, but, uh, much bigger.

• 18:10Speaker 02

  And you can't dispose of these in your normal garbage?

• 18:13Speaker 01

  Uh, you should not dispose of these, well, don't dispose of any of these because we own them. But in general, yes, you cannot dispose of these in your normal garbage. Yeah.

• 18:21Speaker 02

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• 19:50Speaker 01

  So once the batteries come through there, they go into this big box that we've designed inside of there. We won't show you the details, but that's a welder. And so what that does is it creates these little welds here on top. You see those little C shapes right there? So those are where the battery, um, battery tabs are joined to each other and that's what electrically connects all of it. We just have these covers on here for safety when we're not working on it. And then it comes through here, there's a few more manual and test steps. And then it goes in one of these two pieces of equipment here.

• 20:57Speaker 01

  It's called a friction stir welder. And so what that does, this is one that came out of the friction stir welder. What that does is it creates this weld. So we put this lid on and it welds the whole thing shut. So now it's all one sealed unit. This can be submerged in water if we don't, obviously don't desire it to be. But if you're in Houston or somewhere on the coast in Florida, if it floods, you're totally fine. And then there's a few more test steps and then it goes out the door. And all of this is all managed by, if you look on the screen here, all of our own software. So we manage units per hour, equipment utilization, and all of our other important production metrics.

• 21:40Molly O'Shea?

  So how many hours does it take to make one of them?

• 21:45Speaker 01

  So it's less than an hour to go from start to finish through the whole thing. Yeah, it's like 10, 15 minutes. But more importantly is how many we produce every minute. And so we're not there yet, but we'll be able to produce about 4,000 of these units per week towards the end of the year. And so that's like one every few minutes, which is very, very quick. And so these little robots are driving around. And if you were here during the day, you'd see them cycling.

• 22:14Molly O'Shea?

  Oh, I understand.

• 22:15Speaker 01

  This is why you are.

• 22:17Molly O'Shea?

  You wanted me to come during the work hours and I was like, I can't.

• 22:20Speaker 01

  Yeah, yeah. Happy to have you back whenever. But there's this line and then that line over there. And then there's the inverter line. And then we're building a new factory out by the airport.

• 22:31Molly O'Shea?

  Cool, amazing. And so you're installing 100 a day?

• 22:36Speaker 01

  Right now, we're installing over 100 a day and we're going to hopefully double that here pretty soon. So we've got more than 100 people now out in the field that are doing installs, running around, doing deliveries. We do our own logistics. So a lot of what you see here is cool inside of the four walls. But where the rubber really hits the road is like literally on the road going to the homes. And so we install, like I said, over 100 of these things a day right now.

• 23:03Molly O'Shea?

  So if you didn't have your job, which one of these roles, specifically in, I guess, like the factory side of things or in the install side of things?

• 23:13Speaker 01

  Yeah.

• 23:14Molly O'Shea?

  Would you want?

• 23:15Speaker 01

  I'd be an electrician for sure.

• 23:17Molly O'Shea?

  You'd be an electrician?

• 23:18Speaker 01

  I find wiring actually super interesting and fun. It's like, it's a technical puzzle, basically, of like what connects to what in what order and to do it safely and effectively. You get to interface with our, we call our customers members, our members. They're the one interface that we have physically with the member because they knock on doors, say, hey, we're going to be on the side of your house, turn off the power for a few minutes while things are being installed. And you get to go all around the city and see various different neighborhoods. I mean, we're installing, you know, one electrician's installing multiple of these things a day. And so if you're in Dallas or Houston or Austin, you're getting to see the whole city, which is a ton of fun.

• 23:53Molly O'Shea?

  Pretty cool. Did you make any bombs as a kid?

• 23:56Speaker 01

  I did not make bombs.

• 23:57Molly O'Shea?

  I'm just kidding.

• 23:59Speaker 01

  No bombs. I worked on cars, nothing that exploded, though. On an oil rig? I worked on an oil rig as an intern, yeah.

• 24:08Molly O'Shea?

  You worked on an oil rig as an intern?

• 24:11Speaker 01

  Yeah, as an oil field service intern. It was in a land rig, not like a rig on the water.

• 24:17Molly O'Shea?

  Oh.

• 24:17Speaker 01

  Like a drilling rig, but in West Texas.

• 24:19Molly O'Shea?

  Not really the same, but I get it.

• 24:22Speaker 01

  Yeah, yeah. It's like the show Landman. It's like the show Landman, exactly.

• 24:26Molly O'Shea?

  It's like there will be blood.

• 24:27Speaker 01

  Yeah, yeah.

• 24:29Molly O'Shea?

  Okay, cool.

• 24:30Speaker 01

  That's it.

• 24:30Molly O'Shea?

  Anything else?

• 24:31Speaker 01

  I think that's it.

• 24:32Molly O'Shea?

  Covered it all. Base Power. Buy your power from the best power on earth and that's Base Power Power. Hey, it's Molly. If you enjoy our interviews, check out our newsletter, sorcery.vc, where we deliver a once a week top deals and tech headlines email and also go deeper on our podcast interviews. Subscribe to Sorcery today. And don't forget to subscribe to the podcast on YouTube, Spotify, Apple, or wherever you listen. Link in description to sign up.