|
Description:
|
|
TL;DR: Jeri Ellsworth is a hardware entrepreneur who has created homemade semiconductors on YouTube, is a self taught electronics guru and created AR technology at Valve. That technology was later spun out as CastAR, which shut down last year. In this episode (her 5th appearance on The Amp Hour), Jeri talks candidly about the experience.

- Welcome back, Jeri! Past shows here:
- Ham radio
- License
- Ham shed
- Jeri background
- CastAR
- AR at Valve
- CastAR based on retro from a headset
- Kickstarter campaign
- Move to Silicon Valley
- Raised 15M from Playground.global
- Tools at Playground
- Giving the KS money back
- Jason Cerundulo was a CastAR engineer who was on The Amp Hour in the past.
- Out goes the startup CEO
- Acquiring game studios
- 20->90 people
- 70 people were non engineering
- Found some bugs in proto1
- Proto2.5
- Technical Illusions
- Getting names
- “Bumblebloggel”
- Additional naming exercises
- “Jillion”
- 2nd from last rebranding
- “VoyageAR”
- “SiteCast”
- Thomas Middleditch (CEO of Pied Piper on HBO’s “Silicon Valley”) stopped by
- Randy Pitchford
- Eggplant…is a color?
- Scopely logo
- EVT hardware
- Face crusher
- Shooting for $299 MSRP
- Price of box
- Never found a model
- Mind snappers (12-18 year olds who use Snapchat and play Minecraft)
- Fundraising
- Series B
- Fall 2016
- Zone of insolvency
- Down round
- Jason going to China
- Co-founder rapport
- Don’t raise too much money
- Would never do an incubator because of the “drive by opinions”
- Lot of second guessing
- Leadership was misaligned
- Dave bid on the Dick Smith assets with a blind bid
- All of CastAR was on a hard drive (the important stuff)
- Plastic molds and tooling might exist in China
- Getting assets/patents back
- Castar.com was lost to squatters
- CastAR’s final tweet
- Rick (co-founder) ended up going to Unity
- Jeri’s new company has the old assets and new investors
- One is a strategic manufacturer
- Angel investors
- Jeri said, “Koombayah let’s do this”
- Jeri tells a parable
- Working on Rockets
- alameda rocket company
- Rocket startups
- Project loon
- One of the nightmares for a VC is that a company turns into a lifestyle company
- two types of hardware startups
- 1.) GoPro (brand play, easy to develop)
- 2.) Technically focused
- Touchstone Semiconductor (a now defunct chip startup) was on show
- Ham radio
- Jeri has been building a huge loop antenna
- Tuning radio up the dial
- 6000-10000V antennas
- Stealth transceiver
- Nerd cruise
- Radiation King Euk Amplifier
Photo credit: Amy Herndon |