Soren Haglu is the founder, now chairman of itro. He was e first ceo, and he is now a professor of computer science at cow did his ph d on lightfields and building lightfield cameras. It turns out that for the first generation litro product that had already shipped, we owed an enormous amount of money,. tune to the tune f, i think, about four million dollars to our suppliers who had pre purchased all the parts needed for the camera.
In this episode from February 2017, a16z co-founder Ben Horowitz and Jason Rosenthal, former Lytro CEO (now Vice President, Subscription Services, at Google) share stories and lessons learned from doing whatever they could to help their companies survive in hard times, including making and living through major pivots, selling new products before they were ready, figuring out financing with market and industry headwinds against them, and more. From their days together at LoudCloud to Jason’s experience at Lytro, and beyond, a common theme emerges: a CEO’s job is lonely in these moments and the hardest thing about a big pivot or change might be in finding the courage to make the decision in the first place.