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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
- 0h 1m 10s
- License
- 0h 1m 34s
- Ham shed
- 0h 3m 33s
- Jeri background
- 0h 4m 32s
- CastAR
- 0h 6m 35s
- AR at Valve
- 0h 9m 49s
- CastAR based on retro from a headset
- 0h 10m 25s
- Kickstarter campaign
- 0h 12m 16s
- Move to Silicon Valley
- 0h 18m 45s
- Raised 15M from Playground.global
- 0h 18m 51s
- Tools at Playground
- 0h 19m 57s
- Giving the KS money back
- 0h 21m 12s
- Jason Cerundulo was a CastAR engineer who was on The Amp Hour in the past.
- 0h 21m 58s
- Out goes the startup CEO
- 0h 23m 19s
- Acquiring game studios
- 0h 25m 9s
- 20->90 people
- 0h 25m 16s
- 70 people were non engineering
- 0h 26m 45s
- Found some bugs in proto1
- 0h 27m 19s
- Proto2.5
- 0h 27m 48s
- Technical Illusions
- 0h 30m 4s
- Getting names
- 0h 32m 18s
- “Bumblebloggel”
- 0h 33m 5s
- Additional naming exercises
- 0h 35m 36s
- “Jillion”
- 0h 39m 55s
- 2nd from last rebranding
- 0h 41m 18s
- “VoyageAR”
- 0h 41m 52s
- “SiteCast”
- 0h 43m 3s
- Thomas Middleditch (CEO of Pied Piper on HBO’s “Silicon Valley”) stopped by
- 0h 44m 22s
- Randy Pitchford
- 0h 44m 31s
- Eggplant…is a color?
- 0h 45m 34s
- Scopely logo
- 0h 46m 4s
- EVT hardware
- 0h 47m 29s
- Face crusher
- 0h 47m 49s
- Shooting for $299 MSRP
- 0h 51m 6s
- Price of box
- 0h 52m 39s
- Never found a model
- 0h 53m 43s
- Mind snappers (12-18 year olds who use Snapchat and play Minecraft)
- 0h 54m 0s
- Fundraising
- 0h 55m 27s
- Series B
- 0h 55m 33s
- Fall 2016
- 0h 56m 13s
- Zone of insolvency
- 0h 57m 54s
- Down round
- 0h 58m 4s
- Jason going to China
- 1h 3m 6s
- Co-founder rapport
- 1h 9m 36s
- Don’t raise too much money
- 1h 9m 43s
- Would never do an incubator because of the “drive by opinions”
- 1h 10m 30s
- Lot of second guessing
- 1h 14m 4s
- Leadership was misaligned
- 1h 14m 46s
- Dave bid on the Dick Smith assets with a blind bid
- 1h 18m 12s
- All of CastAR was on a hard drive (the important stuff)
- 1h 22m 5s
- Plastic molds and tooling might exist in China
- 1h 24m 18s
- Getting assets/patents back
- 1h 25m 51s
- Castar.com was lost to squatters
- 1h 26m 50s
- CastAR’s final tweet
- 1h 28m 8s
- Rick (co-founder) ended up going to Unity
- 1h 29m 34s
- Jeri’s new company has the old assets and new investors
- 1h 29m 43s
- One is a strategic manufacturer
- 1h 30m 3s
- Angel investors
- 1h 32m 20s
- Jeri said, “Koombayah let’s do this”
- 1h 33m 13s
- Jeri tells a parable
- 1h 35m 18s
- Working on Rockets
- 1h 37m 12s
- alameda rocket company
- 1h 38m 37s
- Rocket startups
- 1h 39m 37s
- Project loon
- 1h 40m 4s
- One of the nightmares for a VC is that a company turns into a lifestyle company
- 1h 44m 56s
- two types of hardware startups
- 1.) GoPro (brand play, easy to develop)
- 2.) Technically focused
- 1h 47m 53s
- Touchstone Semiconductor (a now defunct chip startup) was on show
- 1h 49m 1s
- Ham radio
- 1h 52m 46s
- Jeri has been building a huge loop antenna
- 1h 53m 26s
- Tuning radio up the dial
- 1h 54m 29s
- 6000-10000V antennas
- 1h 54m 57s
- Stealth transceiver
- 1h 57m 2s
- Nerd cruise
- 1h 57m 16s
- Radiation King Euk Amplifier
- 1h 58m 19s
Panic Mechanic says
Finally! Why did you wait for so long?
Anyway, still waiting for Clive Mitchell (bigclivedotcom).
Dan Arves says
Excellent show! Thanks Jeri – I’ve always wondered what happened to castAR and now I know 🙂
Good luck with the new endeavour. I’m now intrigued to find out which part of the rocket you worked on…
Keep up the good work guys
test says
very nice interview. Thanks a lot for all those details and insights.
Just wanted to state some of my thoughts on some points, with no intetion to hurt anyones feelings.
The thing to work on the mechanical design over 2 weeks on ones own time, that is certainly pretty interesting, I as a worker for a company and not working for my own business would never think of spending my time during holidays for anything work related without beeing paid. I guess this is the big point behind every ones motivation.
First everyone is excited and keen on working for a bigger purpose, thenafter a couple of years in the business you simply realize there is only money and free time to get out of it( maybe a different story would be the cure of cancer or world peace 🙂 ) so desperation sets in, its very hard to motivate oneself (especially if you see your company led by wrong decisions and wrong goals all the time, which of course is not true all of the time ). Then the next step probably is family maybe some big depth, buiying a car, house etc, so maybe the motivation to pay the depth is high again or simply to get away from the family keeps you working for over hours 🙂 ( hopefully not )
I would love some discussion about this point, since all engineers sit in the same boat, even Bob Widlar quit his job early, cause he did not make enough money, if i remember right 🙂
And another big thing I tend to see everywhere, Jerri seems to be a really good engineer, the go to woman, when problems drop in, every company only needs one of those, two would mean excessive loan costs, as everyone could understand, but maye two good engineers could find better solutions than one good engineer with 10 crappy ones around them.
I think one former guest, the one who did sales he mentioned that as well, very interessting stuff, as I said, in all my expirience its the same all companys do have this one force of nature engineer, probably way underpayed 🙂 who simply knows everything ( in a good way, not in a what was the term wheelchair engineer, I liked that one )
Sorry for the excessive comment, thanks for reading, and maybe i will be happy soon with some more discussions about how the 10 billions of people will get to work for money or vegetables in the future 🙂
Hedley Davidson says
Great to have her back in the game. There is no substitute for authenticity . When I was little I read Ayn Rands Atlas Shrugged which provided a great insight into the producers and the looters. For any venture both personal and business alignment of goals , timelines and comitment to stay the course is essential. Providers of finance usually understand thier world of moving cash rapidly where it will generate the fastest risk adjusted return and don’t give a toss about the underlying business or people. Like Jeri I have learnt that you don’t want anyone on your team who does not have scars on thier back . Super smart MBA’ s need to get heavily burnt a few times before they are listened to and contractors ie consultants should have skin in the game in the form of deferred payment determined by measurable outcomes after 1 year of completion of thier contract – 80 % fee retention.
Thanks Jeri for candid sharing which is invaluable advice like “ letters from the trenches “
George says
I think she has a reputation of not finishing any project she leads. From video series to CastAR.
hedley says
It is remarkable how many people have negative comments – she took on something large , put in the sweat equity , was faced with normal VC and business issues and I am sure , did not set out to not complete with so much on the line . Perhaps naysayers should start out by listing their remarkable achievements so we can understand their point of departure.
I suggest listening slowly to the podcast and making notes so you can draw a timeline of what happened and what went wrong which provides touchstones for us all – Thanks Jeri.
I used to work in big corporates where you are so protected and full of pride with your VP title , PA and span of control and then attend sycophantic meeting after meeting – 30 years ago I broke the shackles and started my own business which really tests ones resolve and character
As the old Chinese saying goes ” walk 1000 days in someone’s shoes before you pass judgement ” and from the Devils dictionary – Advice (n) – The smallest of currencies.
PR says
Very much enjoyed the insights and attitude to Silicon Valley startup branding and naming.
It doesn’t have to be like that though. Based in Asia I’ve named and branded many companies and products with little drama and great results.
The approach here is much less precious than the US.
Maybe that’s why we’ve been getting work recently from SV companies.
I actually find engineers much easier to work with, than say accountants or lawyers. But then again before I was in branding I was in programming and before that I was in mechanical engineering so maybe I take a more logical approach to it all.
Branding and naming is about engineering people’s thinking. It can add real value. So yes be skeptical but don’t dismiss it entirely because it can be very effective.
Cheers
Sodur Greville Jr says
VIVA LA RESOLUTION!!!