This reminds me of Altium. Founder Nick Martin (a really nice and smart guy) ran the company with an iron fist for over 20 years and drove the share price into the ground in pursuit of whatever his latest vision was. He just wasn't a practical business guy and really had place no running a public company. It wasn't until he bailed out his buddy (and former early employee) buy buying his company (Morfik) with stock did hid buddy along with the board then have enough voting power to do a hostile takeover and finally boot him out.
They then righted the ship and focused on core stuff, ran it like a business, and within 8 years the stock climbed from 10 cents to $30.
https://twitter.com/InfluenceDigest/status/1068563682362220544
"It is her tech-savvy skills that earned her the respect of many young millennials."
I don't think the facts, or my personal experience of the situation, can support the assertion Perry was manipulated into that position. The TEDx talk (below) where she disparages engineers is from April 2012, not even a year after the "All Things D" demo, prior to even the majority of the seed round money (which I think was summer 2012), and definitively prior to the Series A (~$10m in Sept/Oct 2014). At that time the only "adults" that were around consistently that I am aware of were her father, and Board of Directors member Katie McMahon.
However, you make a great point that every so often a moron finds a golden goose by sheer luck (there's a lot of morons out there, random chance has one succeeding eventually), and the goose keeps producing eggs despite the attempts of the moron to strangle it, and they view this as a sign of both their genius and a divine right to rule. I use the term "100th Idiot" in recognition of Iain M. Banks' quote.
She is only missing the Frost & Sullivan award, everything else is looking good.
At just 25, Perry isn't just the entrepreneur behind uBeam; she's truly an inventor, developing technology that transmits power wirelessly using ultrasound
"And she's probably the smartest person in most rooms she stands in."
"if you just believe hard enough..."
"if you just believe hard enough..."
... you can be really tall and play on the basktball team!
uBeam to Unveil Ultrasonic Wireless Power System at CES 2019 https://blueequity.io/r/7534
Isn't that what they've supposed to have been doing for the last 6 years.
Here it is, the uBeam yearly product announcement for 2019.
https://www.prnewswire.com/news-releases/ubeam-to-unveil-ultrasonic-wireless-power-system-at-ces-2019-300770860.html
Here it is, the uBeam yearly product announcement for 2019.
https://www.prnewswire.com/news-releases/ubeam-to-unveil-ultrasonic-wireless-power-system-at-ces-2019-300770860.html
PLEASE tell me someone is going to this
Invite only of course in a private booth to keep out pesky engineers!
About uBeam
uBeam is an innovation leader in the wireless power industry
leader in what respect exactly - delusional bullshit ?
"The technology which is the only wireless power technology that is not electromagnetic based will prove beneficial to customers who strictly depend on “no electromagnetic field zone”"
I figured out their marketing plan!
They're going to sell these to "electrosensitive" people so they can charge their cell phones without getting ill.
"According to the company officials, uBeam’s representatives will present a technology demonstration of the company’s new contact-free power-at-a-distance ultrasonic wireless power system. uBeam’s leadership and engineering teams will be available on-site to discuss in detail the technology and its potential applications and partnership opportunities."