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Tackling the housing crisis by changing the way homes are built.
Manage episode 494951820 series 3404110
"We're not going to regret what we did. We're going to regret what we didn't do." That's Damion Lupo's life philosophy.
What if the solution to America's critical housing shortage wasn't just building more homes, but completely reinventing how we build them? Damion Lupo and his team at FrameTec have raised over $100 million to commercialize the first major innovation in house framing since the nail gun was invented in 1952.
At the heart of FrameTec's revolutionary approach is a patented "infinite board" system that transforms lumber processing. Unlike traditional construction that wastes materials and requires days of on-site work, their method identifies defects, finger-joints boards together, and produces precise, furniture-quality frames in just one day – up to four times faster than conventional methods. This isn't incremental improvement; it's exponential efficiency that could help close America's 10-million-unit housing gap.
Damion's journey to FrameTec spans decades of entrepreneurial experience, including building over 70 companies and weathering devastating failures (like losing $25 million during the 2008 financial crisis). His hard-earned wisdom about team-building, raising capital through relationships rather than institutions, and focusing on what he calls the "foundational 15%" that gives businesses an 85% chance of success provides invaluable insights for entrepreneurs in any field.
Whether you're fascinated by construction innovation, entrepreneurship, or simply curious about solutions to the housing crisis, this conversation offers both practical insights and philosophical depth about calculated risk-taking and leaving a positive legacy.
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Chapters
1. Tackling the housing crisis by changing the way homes are built. (00:00:00)
2. [Ad] Everyday AI: Your daily guide to grown with Generative AI (00:16:30)
3. (Cont.) Tackling the housing crisis by changing the way homes are built. (00:17:17)
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