2008/10/06

CU Innovation Alliance Breakfast Redux

Last week I presented a brief overview on what LineRate Systems is all about at the CU Innovation Alliance Breakfast that was part of ESPRIT '08.

I wish that I had had time to present my thoughts last week while everything was still fresh in my mind, alas my pesky PhD dissertation proposal consumed my attention for the remainder of the week and weekend ;)


So briefly here are my thoughts :)

Suvica - Has a system to quickly design experiments that combine different anti-cancer agents to reduce the number of trials needed to find true positives.  The system leans towards the side of eliminating false-positives and increasing false-negatives.  But this is not so bad as the efficiency with which true positives are found is high.

Ion Engineering: Colorado Carbon Capture - They talked mostly about "sweetening" natural gas (removing CO2 and H2S) although their techniques apply to a wide range of purification systems.  The net effect is that a company tapping a dirty source of natural gas can add purification equipment can deliver sweetened natural gas from a source that was previously too dirty.

TissueFusion - They use lasers to fuse tissues back together without the need for the surgeon's usual arsenal of tools that are best left in the hands of a tailor ;)  Their initial product is focused on septoplasty and rhinoplasty although they see a wide range of applicability.

LineRate Systems - this was my presentation and I will talk more about it below.

3QMatrix - They are tackling the problem of wounds that refuse to heal and remain open.  Existing solutions are very expensive and often not treated properly due to the expense.  Their product is a new type of packing which is design to help the healing processes and can be "functionalized" with medications and other substances to help the wound heal.  The product delivers dramatically accelerated healing at a fraction of the cost.

XenoPur Systems - Is a technique to remove heavy, precious, and radioactive metals from a solution (including the sludge left behind by mines). 

KMLabs - build femto-second lasers for use in research facilities.  They've been around since 1994.  They have been gaining in popularity and have been expanding to meet the needs of university research labs, homeland security, and other labs.





Ok now onto my presentation of LineRate Systems which given Dave Taylor's post on his blog wasn't delivered as well as it could've been :/ and thus deserves a bit of clarification.

Apparently I gave the impression that we thought we had no competition and that the 40 or so companies that I did identify could not compete with us in terms of software innovation @.@ 

My co-founder and myself consider ourselves infrastructure people (aka "plumbers" ) we make everything flow smoothly and quickly inside your system, we are under no illusion about our ability innovate on full products against the teams of Cisco and Juniper *ouch*

Our focus is on delivering high-value low-cost network appliances with no-hassle support and sales. period.

The confusing marketing slide (I admit it - we had been warned about it before) was supposed to show that our plan is to drive the total revenues of the markets we are interested in to the level of existing vendors' cost-of-goods-sold.  This then leads us to believe that the incumbents must respond in one of the following ways: 1) up-market retreat, 2) licensing our acceleration technology (not the full products), 3) develop their own low cost solution (I may have forgotten to mention this), or 4) die.   The dangers are two fold: a) we fail to establish a sustainable business at this level of revenue, b) account control locks us out of the market.

That being said, there are a couple of companies that we are closely tracking as competitors :)

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