After multiple conversations and understanding the value that each one of them brought to the table, they got started with a 1,000 sq. ft. lab in a basement at Georgia Tech and Sila Nanotechnologies was born. Right after forming the team they went out to raise financing. They had a big advantage and that was the intellectual property Gleb had amassed which included six patents and four years of technical data around the problem they wanted to resolve.

They knew the technology was fully compatible and had a clear understanding of the road ahead given the years of experience at Tesla from Gene and his co-founder Alex.They went out and raised a Series A round with Sutter Hill and Matrix as co-leads. Both of whom have continued investing in every round. Sila’s most recent round of financing was a $170 million round led by Daimler. So far they’ve raised around $295 million.

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The business positioning was critical as a lot of people had lost money in battery companies. From day one they were very clear they were not a battery company, but a technology company that makes materials for batteries. Batteries are a low margin market but the materials have a very healthy market as the better the product the higher the sales.They are valued now at over $1 billion where storytelling played a big role. This is being able to capture the essence of the business in 15 to 20 slides. For a winning deck, take a look at the pitch deck template created by Silicon Valley legend, Peter Thiel (see it here) that I recently covered. Thiel was the first angel investor in Facebook with a $500K check that turned into more than $1 billion in cash.

During the early days, the cofounders were able to recruit a group of talented engineers to join them and from there started to build the business.Their business model revolves around inventing, developing, manufacturing and selling their product. In this regard, their product is a powder that replaces graphite powder in existing lithium-ion batteries. The more efficiently you can store lithium, the less material you need for the same amount of energy. Sila Nano’s material can store energy more densely, giving you more energy at similar volume and weight.

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Currently, Amazon has the Google Pixel Slate w/ Core i5 (128GB) on sale for $749. This laptop/tablet hybrid costs $999 direct from Google, so that's $250 off. It's the lowest price we've seen for this configuration and one of the best 2-in-1 deals of the year. (Best Buy offers the same price). Even better, Amazon is taking $250 off all configurations of the Pixel Slate.
The Google Pixel Slate features a 12.3-inch 3000 x 2000 touch LCD, 1.3GHz Core i5-8200Y dual-core CPU, 8GB of RAM, and a 128GB SSD. It can be paired with an optional keyboard and stylus pen (sold separately) to maximize your productivity.