Jonathan Gael · Thu, 11/03/2011 - 01:19
Business
Business Overview:
Ether2's efficient architecture will save 3% from our national electric bill and close the global digital divide by implementing a broadcast architecture that can eliminate traditional routing hardware and use less energy per bit transfered. Additionally, because we have collectively experienced an Internet in which security was not an original concern, we will build network security into the architecture. As to data security, 75% of our chip will be available to run anti-malware applications system on chip in a 100% distributed network under any topology. Our core intellectual property lies in collision detection and the ability to resolve collisions faster than the channel can carry packet data. Therefore, employing a broadcast architecture will enable future networks to add users without additional overhead so that we can enjoy a data network economy of scale similar to any traditional broadcast network TV or radio station.
Project Type:
Industry:
Project Website:
http://www.ether2.com What are your future milestones, and how much capital will you need to achieve each of the milestones outlined?:
We need $100,000 to complete a 3-4 month technical plan including six FPGA developer kits, tools and engineering hours. The resulting wireless prototype network will serve as the basis for the future of WiFi, 4G, ZigBee or any other wireless or terrestrial 802.x network.
What is your total and operating cash burn (the amount you're spending) per month? :
We are an all volunteer brigade at this point. Our only expenses can be associated with team meetings in a restaurant or travel expenses to Silicon Valley for pitch events. If traveling, the burn is $500 plus presentation fees, if any. Otherwise, we meet twice a month at approximately $50-75 per meeting depending on the restaurant.
How many future rounds of financing do you project? :
Three: Completion of the seed round, an A round in the $5-7mm range to be followed by IPO.
Who is the Customer?:
Everyone. We can cite applications from the home/office to the data center and carrier class. Primary application is wireless backhaul and multi-antenna mesh networks that can grow infinitely. We are an IP company that will become the Dolby of data networking by promoting full open source switching without middle hardware.
What is the Customer Pain that you are solving?:
The Internet cannot and never will perform as well as a cable TV network, but video is driving its growth. We eliminate the bottlenecks by eliminating the router. Too many more to mention, such as breaking Moore's law with an end solution where we have formerly seen only 30 years of incremental improvement.
Names of any current or recent customers:
Because we are still in alpha mode, our "customers" are engineers that have agreed to implement our IP...namely UC, Irvine, and The Dash7 Alliance which likes us for the wireless backhaul application and will be distributing our technology within their protocol stack.
What is the Target Market?:
Cellular backhaul, wireless backhaul, carrier and wireless device as network/mass market OEMs.
Internet of Things M2M, high data rate M2M including video and motion capture applications.
How big is the Target Market in terms of Annual Sales?:
> $50B
Sales/Marketing Strategy:
Alliance marketing plus an open source community with revenue sharing.
Provide use cases :
Devices that connect to multiple networks at the same time. Devices that can receive a true broadcast transmission, closing the global digital divide and connecting 5 billion unconnected people as well as trillions of sensors. Hi Def GPS inter-vehicular communications for crash avoidance.
Competition:
IEEE 802 working group.
One-line Pitch:
We put a secure broadcast network that supports any wireless network and legacy devices.
Business Model:
Free for chip and network OEMs. Fraction of a point licensing from end user or network edge devices.
Product/Services Overview (what does it do):
Eliminates bottlenecks and saves massive energy while enabling the future world of ensemble computing where "the wisdom of groups awaits us" (Intel Tech Journal, June 2010).
Technology
What makes the technology/business unique and have a defendable competitive advantage?:
It's not hard to improve upon the legacy 802 MAC. However, we have done so with a migration path for legacy devices for the first time in history. We license a family of four patents from Illinois Institute of Technology and we have more patents to file.
Describe in detail the technology used in the Project - Address the innovation in significant detail :
Sorry, but the IP we have created is not yet protected so this is very confidential.
What are the principles of the technology? :
Combining the highest levels of Quality of Service with strict determinism. This brings pseudo wire performance for any network, thereby creating the best of both the circuit and packet switched worlds.
What, if anything, has been proven (and how far is this from a commercial scale)? :
We are now at Commercial Readiness Level 5 on the federal government 9 level scale. Our protocol is designed in software and ready for the implementation schedule that will bring us to CRL 7. In terms of the IEEE peer review process and 20 years of fundamental research from academic institutions the world over, engineers have proven the technology in simulation many, many times.
What challenges/risk does the technology face for commercialization?:
Wrong premise. The question should read, "what's the risk if not commercialized?"
Answer: another 30 years of incremental improvement and leaving the whole thing up to Verizon and ATT...ouch. We should already have mesh networks that get stronger as they get larger. We should already have smart cities. We should already have citizens broadband (CB) radio with little or no reliance on carrier access points.
Team
| Name | Title |
|---|---|
| David Dietrich | CEO |
| Gary Bahadur | President |
| Jonathan Gael | COO |
| J Barton Shields, Chief Systems Architect | DIRECTOR |
Dr. Graham Campbell
Dr. Luis Alonso
Dr. Jesus Zarate
Dr. Amy Vanderbilt
Alex Krayner, Esq.
Current Investors:
Friends and family
Financials
Amount Sought:
$100,000 If raising funds, what shall the funds be used for?:
6 development FPGA boards and developer kits ($6,500 ea, academic pricing), tools, two engineers to serve under Barton for 3-4 months.
Pre-Money Valuation:
$9,900,000
Funding Received to Date:
$285,000
Amount invested by Founders:
$200,000
Funding Stage:
Pre-Revenue Funding History:
| Funding Round | Funding Type | Funding date | Funding Source/ Investors | Amount | Pre-Money valuation |
|---|---|---|---|---|---|
| Seed/Bootstrap | Equity | Nov 2011 | WZ | 100,000 | 9,900,000 |
| Angel | Equity | Mar 2012 | IIC | 250,000 | 24,750,000 |
| Series A | Equity | Nov 2012 | E Partners | 5,000,000 | 45,000,000 |
| IPO | Equity | Nov 2015 | Nasdaq | 1,000,000,000 | n/a |
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