The Compound and Friends · Monday, June 29, 2026
Andrew Kang noted that many venture capitalists were hesitant to invest in robotics companies like Figure AI, viewing them as a long shot. Despite this skepticism, Kang personally invested heavily, increasing his stake to $19 million, believing in the long-term potential that others overlooked.
“You've told this story elsewhere, you went to a lot of other VCs. You went to your whole network, and you'd talk about figure and robotics. And you say, almost everybody told you not to invest. Um, but then you put in a million bucks anyway. Then you raised that stake to $19 million.”
“Just kind of like looking at the company Figure and trying to understand the total market opportunity of it. It it was it was a new framework that you had to kind of have developed because we never had humanoids before.”