Radu Georgescu - Vector Watch - Romania - Stanford Engineering - Jan 25 2016

Burton Lee
Burton LeeLecturer - European Entrepreneurship & Innovation
ALL RIGHTS RELATED TO THIS PRESENTATION ARE PROPERTY OF VECTOR ®2015
J a n u a r y 2 5 t h , 2 0 1 6
E u r o p e a n E n t r e p r e n e u r s h i p a n d I n n o v a t i o n
S t a n f o r d S c h o o l o f E n g i n e e r i n g
Radu Georgescu
Founding Partner GECAD Ventures
Board Director Vectorwatch
www.vectorwatch.com
@vector_watch
PLAYING BALL WITH THE BIG BOYS
from Romania
ALL RIGHTS RELATED TO THIS PRESENTATION ARE PROPERTY OF VECTOR ®2015
We are Vectorwatch
Beautiful piece of Jewelry
Complete collection
T H E V E C T O R B R A N D
V E C T O R W A T C H
ALL RIGHTS RELATED TO THIS PRESENTATION ARE PROPERTY OF VECTOR ®2015
Sales > 10,000 units in the first two months
Available on Amazon, BestBuy, Vectorwatch
ALL RIGHTS RELATED TO THIS PRESENTATION ARE PROPERTY OF VECTOR ®2015
Addressing a total global wearables market of $1.6T by 2020
IDC, Morgan Stanley Research
ALL RIGHTS RELATED TO THIS PRESENTATION ARE PROPERTY OF VECTOR ®2015
Great Press
With no marketing budget
All Day Activity Tracking
5 ATM
Full 2 Year Warranty
Multi-OS Compatible*
Smart Notifications
30 Day Battery Life
Customizable Faces
Wireless Sync. BTLE
F E A T U R E S & B E N E F I T S
ALL RIGHTS RELATED TO THIS PRESENTATION ARE PROPERTY OF VECTOR ®2015* Get our VectorWatch app on all three major platforms iOS, Android & Windows Phone
Data Streams
App Store/Developers
Learning System
Always On Display
ALL RIGHTS RELATED TO THIS PRESENTATION ARE PROPERTY OF VECTOR ®2015
Joe Santana - CEO
Former CEO of Timex Group, internationally experienced CEO and Board Member.
Andrei Pitis – CTO and Founder
Over two decades in senior engineering and management roles.
Serial entrepreneur participating in several starts up in the technology space
Ron Spencer – COO
Previous COO roles in global growth watch companies including Fossil.
Greg Shay – CCO
Ex Vice President of product and business development for Coveroo and Microsoft
Steve Jarvis - Creative Director
Over 19 years of experience in the design and development of accessories.
Leading design at Timex, Nike Vision and Nike Digital Sport (Fuel Band)
Team
W A T C H M A K E R A P P
ALL RIGHTS RELATED TO THIS PRESENTATION ARE PROPERTY OF VECTOR ®2015
T h e M o b i l e E x p e r i e n c e
N o t i fi c a t i o n s - T r a c k A c t i v i t y - F a c e / A p p S t o r e - S t r e a m s
ALL RIGHTS RELATED TO THIS PRESENTATION ARE PROPERTY OF VECTOR ®2015
Welcome to Bucharest
ALL RIGHTS RELATED TO THIS PRESENTATION ARE PROPERTY OF VECTOR ®2015
Andrei Pitis Vision:
A watch with 30 day battery life
How it started
Fashion or Technology?
Consumer Electronics or Operating System / Full Stack Platform?
ALL RIGHTS RELATED TO THIS PRESENTATION ARE PROPERTY OF VECTOR ®2015
3rd Party
Services
Push Notification
Server
Push
Notification
Server
Cloud
Platform
Cloud
Apps
HTTPS HTT
PS
BTLE
Various
Developers
Ecosystem
VectorOS
•  Many hardware and traditional watch companies wishing to enter the wearables
market do not have the software competences.
•  Current OS solutions for wearables are either too heavy – Android Wear, or not
sufficiently connected, like a handful of RTOS systems for wearables.
•  The lack of tailored made solution drives power consumption high.
•  Poor battery life is the main reason for consumer returns of smartwatches and
other wearables at retail.
ALL RIGHTS RELATED TO THIS PRESENTATION ARE PROPERTY OF VECTOR ®2015
I N D U S T R Y P R O B L E M – Q U A L I T Y O F T H E O S
Compara've  Ba,ery  Life
0
5
10
15
20
25
30
Vector Watch
 Peble Steel
 Sony Smartwatch3
 Samsung Gear 2
 LG G Watch R
 Asus ZenWatch
 Moto 360
 Apple Watch
Days
ALL RIGHTS RELATED TO THIS PRESENTATION ARE PROPERTY OF VECTOR ®2015
Become the Global Platform of Choice for
Wearables and IoT Devices.
The Vision
First create a beautiful watch to demonstrate the technology
Strategy
ALL RIGHTS RELATED TO THIS PRESENTATION ARE PROPERTY OF VECTOR ®2015
ALL RIGHTS RELATED TO THIS PRESENTATION ARE PROPERTY OF VECTOR ®2015
Business Model
Consumer Electronics – B2C – this is an enabler
Licensing Full Stack Platform – B2B – core business.
You will see our technology on all the wearables and IoT devices in the coming years.
ALL RIGHTS RELATED TO THIS PRESENTATION ARE PROPERTY OF VECTOR ®2015
Created a Great Product
Complete it with the Original Vision
Where we are now
ALL RIGHTS RELATED TO THIS PRESENTATION ARE PROPERTY OF VECTOR ®2015
Core:	
  
•  Team	
  
•  Hardware	
  design	
  
•  VectorOS	
  
•  Connec7vity	
  Apps	
  
(iOS,	
  Android,	
  Microso?)	
  
•  Cloud	
  
•  AppStore	
  
•  SDK	
  
•  Investment	
  
•  Corporate	
  structure	
  
ALL RIGHTS RELATED TO THIS PRESENTATION ARE PROPERTY OF VECTOR ®2015
A c h i e v e m e n t s a f t e r o n l y 1 8 m o n t h s
Fashion	
  /	
  Consumer	
  Electronics:	
  
•  Watch	
  Jewelry	
  Design	
  
•  Watch	
  Brand	
  
•  Produc7on	
  
•  Distribu7on	
  Channel	
  
•  Support	
  
•  So	
  many	
  others,	
  that	
  I	
  don’t	
  even	
  
remember	
  
Romania
ALL RIGHTS RELATED TO THIS PRESENTATION ARE PROPERTY OF VECTOR ®2015
Startups…
ALL RIGHTS RELATED TO THIS PRESENTATION ARE PROPERTY OF VECTOR ®2015
Picture credit: unconvention.eu
ALL RIGHTS RELATED TO THIS PRESENTATION ARE PROPERTY OF VECTOR ®2015
…And Bigger Companies
•  Bit Defender – top security company
•  Softpedia.com – software catalog
•  Liverail - acquired by Facebook in 2014
•  Summify – acquired by Twitter in 2012
•  RAV – acquired by Microsoft in 2003
•  Avangate – acquired by Francisco
Partners in 2013
Picture credit: netocratic.com
Innovation
ALL RIGHTS RELATED TO THIS PRESENTATION ARE PROPERTY OF VECTOR ®2015
•  Romania’s role in the previous time was technology
(IT) and agriculture;
•  Math skills; CS skills;
•  Not about numbers, but quality - engineering
innovation;
•  Product Development, Early Stage Engineering.
Technology
ALL RIGHTS RELATED TO THIS PRESENTATION ARE PROPERTY OF VECTOR ®2015
T H A N K Y O U
ALL RIGHTS RELATED TO THIS PRESENTATION ARE PROPERTY OF VECTOR ®2015
vectorwatch.com
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Radu Georgescu - Vector Watch - Romania - Stanford Engineering - Jan 25 2016

  • 1. ALL RIGHTS RELATED TO THIS PRESENTATION ARE PROPERTY OF VECTOR ®2015 J a n u a r y 2 5 t h , 2 0 1 6 E u r o p e a n E n t r e p r e n e u r s h i p a n d I n n o v a t i o n S t a n f o r d S c h o o l o f E n g i n e e r i n g Radu Georgescu Founding Partner GECAD Ventures Board Director Vectorwatch www.vectorwatch.com @vector_watch PLAYING BALL WITH THE BIG BOYS from Romania
  • 2. ALL RIGHTS RELATED TO THIS PRESENTATION ARE PROPERTY OF VECTOR ®2015 We are Vectorwatch
  • 5. T H E V E C T O R B R A N D V E C T O R W A T C H ALL RIGHTS RELATED TO THIS PRESENTATION ARE PROPERTY OF VECTOR ®2015 Sales > 10,000 units in the first two months Available on Amazon, BestBuy, Vectorwatch
  • 6. ALL RIGHTS RELATED TO THIS PRESENTATION ARE PROPERTY OF VECTOR ®2015 Addressing a total global wearables market of $1.6T by 2020 IDC, Morgan Stanley Research
  • 7. ALL RIGHTS RELATED TO THIS PRESENTATION ARE PROPERTY OF VECTOR ®2015 Great Press With no marketing budget
  • 8. All Day Activity Tracking 5 ATM Full 2 Year Warranty Multi-OS Compatible* Smart Notifications 30 Day Battery Life Customizable Faces Wireless Sync. BTLE F E A T U R E S & B E N E F I T S ALL RIGHTS RELATED TO THIS PRESENTATION ARE PROPERTY OF VECTOR ®2015* Get our VectorWatch app on all three major platforms iOS, Android & Windows Phone Data Streams App Store/Developers Learning System Always On Display
  • 9. ALL RIGHTS RELATED TO THIS PRESENTATION ARE PROPERTY OF VECTOR ®2015 Joe Santana - CEO Former CEO of Timex Group, internationally experienced CEO and Board Member. Andrei Pitis – CTO and Founder Over two decades in senior engineering and management roles. Serial entrepreneur participating in several starts up in the technology space Ron Spencer – COO Previous COO roles in global growth watch companies including Fossil. Greg Shay – CCO Ex Vice President of product and business development for Coveroo and Microsoft Steve Jarvis - Creative Director Over 19 years of experience in the design and development of accessories. Leading design at Timex, Nike Vision and Nike Digital Sport (Fuel Band) Team
  • 10. W A T C H M A K E R A P P ALL RIGHTS RELATED TO THIS PRESENTATION ARE PROPERTY OF VECTOR ®2015 T h e M o b i l e E x p e r i e n c e N o t i fi c a t i o n s - T r a c k A c t i v i t y - F a c e / A p p S t o r e - S t r e a m s
  • 11. ALL RIGHTS RELATED TO THIS PRESENTATION ARE PROPERTY OF VECTOR ®2015 Welcome to Bucharest
  • 12. ALL RIGHTS RELATED TO THIS PRESENTATION ARE PROPERTY OF VECTOR ®2015 Andrei Pitis Vision: A watch with 30 day battery life How it started
  • 13. Fashion or Technology? Consumer Electronics or Operating System / Full Stack Platform? ALL RIGHTS RELATED TO THIS PRESENTATION ARE PROPERTY OF VECTOR ®2015 3rd Party Services Push Notification Server Push Notification Server Cloud Platform Cloud Apps HTTPS HTT PS BTLE Various Developers Ecosystem VectorOS
  • 14. •  Many hardware and traditional watch companies wishing to enter the wearables market do not have the software competences. •  Current OS solutions for wearables are either too heavy – Android Wear, or not sufficiently connected, like a handful of RTOS systems for wearables. •  The lack of tailored made solution drives power consumption high. •  Poor battery life is the main reason for consumer returns of smartwatches and other wearables at retail. ALL RIGHTS RELATED TO THIS PRESENTATION ARE PROPERTY OF VECTOR ®2015 I N D U S T R Y P R O B L E M – Q U A L I T Y O F T H E O S
  • 15. Compara've  Ba,ery  Life 0 5 10 15 20 25 30 Vector Watch Peble Steel Sony Smartwatch3 Samsung Gear 2 LG G Watch R Asus ZenWatch Moto 360 Apple Watch Days
  • 16. ALL RIGHTS RELATED TO THIS PRESENTATION ARE PROPERTY OF VECTOR ®2015 Become the Global Platform of Choice for Wearables and IoT Devices. The Vision
  • 17. First create a beautiful watch to demonstrate the technology Strategy ALL RIGHTS RELATED TO THIS PRESENTATION ARE PROPERTY OF VECTOR ®2015
  • 18. ALL RIGHTS RELATED TO THIS PRESENTATION ARE PROPERTY OF VECTOR ®2015 Business Model Consumer Electronics – B2C – this is an enabler Licensing Full Stack Platform – B2B – core business. You will see our technology on all the wearables and IoT devices in the coming years.
  • 19. ALL RIGHTS RELATED TO THIS PRESENTATION ARE PROPERTY OF VECTOR ®2015
  • 20. Created a Great Product Complete it with the Original Vision Where we are now ALL RIGHTS RELATED TO THIS PRESENTATION ARE PROPERTY OF VECTOR ®2015
  • 21. Core:   •  Team   •  Hardware  design   •  VectorOS   •  Connec7vity  Apps   (iOS,  Android,  Microso?)   •  Cloud   •  AppStore   •  SDK   •  Investment   •  Corporate  structure   ALL RIGHTS RELATED TO THIS PRESENTATION ARE PROPERTY OF VECTOR ®2015 A c h i e v e m e n t s a f t e r o n l y 1 8 m o n t h s Fashion  /  Consumer  Electronics:   •  Watch  Jewelry  Design   •  Watch  Brand   •  Produc7on   •  Distribu7on  Channel   •  Support   •  So  many  others,  that  I  don’t  even   remember  
  • 22. Romania ALL RIGHTS RELATED TO THIS PRESENTATION ARE PROPERTY OF VECTOR ®2015
  • 23. Startups… ALL RIGHTS RELATED TO THIS PRESENTATION ARE PROPERTY OF VECTOR ®2015 Picture credit: unconvention.eu
  • 24. ALL RIGHTS RELATED TO THIS PRESENTATION ARE PROPERTY OF VECTOR ®2015 …And Bigger Companies •  Bit Defender – top security company •  Softpedia.com – software catalog •  Liverail - acquired by Facebook in 2014 •  Summify – acquired by Twitter in 2012 •  RAV – acquired by Microsoft in 2003 •  Avangate – acquired by Francisco Partners in 2013 Picture credit: netocratic.com
  • 25. Innovation ALL RIGHTS RELATED TO THIS PRESENTATION ARE PROPERTY OF VECTOR ®2015
  • 26. •  Romania’s role in the previous time was technology (IT) and agriculture; •  Math skills; CS skills; •  Not about numbers, but quality - engineering innovation; •  Product Development, Early Stage Engineering. Technology ALL RIGHTS RELATED TO THIS PRESENTATION ARE PROPERTY OF VECTOR ®2015
  • 27. T H A N K Y O U ALL RIGHTS RELATED TO THIS PRESENTATION ARE PROPERTY OF VECTOR ®2015 vectorwatch.com