Lucid - Entrepreneur of the Year
Company: Lucid, Santa Clara, CA, USA
Company Description: Lucid, the maker of the world’s first VR180 3D camera, is a computer vision company developing real-time 3D fusion technology. Its software solution empowers any device with dual cameras to easily capture and stream immersive 3D, VR and AR content while giving it 3D depth-sensing capabilities. Lucid’s technology is currently available in its flagship stereo consumer camera, the LucidCam.
Nomination Category: Entrepreneur Categories
Nomination Sub Category: Entrepreneur of the Year - Computer Software - Up to 500 Employees
Nomination Title: Han Jin, CEO
Tell the story about what this nominated entrepreneur has achieved since January 1 2017 (up to 650 words). Describe the impact he or she has had on your organization. Focus on specific accomplishments, and relate these accomplishments to past performance or industry norms.
Today we dream of self-driving cars, security with 3D biometric recognition, and interactive holograms and interfaces, but in order to make these futuristic dreams a reality, machines have to be able see and perceive depth, just like small children can learn to do.
For years, technologists have struggled to achieve this very simple goal of accurate depth perception. Like bats using echolocation, we've tried to teach machines to perceive depth by sending waves and signals like infrared, or with sophisticated depth-sensor hardware that is too expensive for a typical mobile device.
Lucid has developed the first and only, purely software solution that can perceive depth just by viewing through the lenses of two cameras. Through the hard work of its founder and CEO Han Jin, the team at Lucid has taught to their artificial intelligence algorithm to accurately recognize depth from images. Following the release of Lucid's first product in 2017--the popular 180-degree VR camera LucidCam which gave users the experience of being immersed in their memories--this year Lucid is providing its proprietary software to mobile device makers, robotics companies, security companies, drones, gaming companies and more. This expansion comes when Lucid has become profitable and is in strong growth mode, with revenues expected up ten times from a year ago.
Today, multi-camera mobile phones arein mass-production worldwide.Lucid's timely, simple yet profound software-driven solution has the potential to revolutionize advanced depth-perceiving technologies and holographic streaming for phones, making them affordable to the masses.
From their first experience designing eyes for robots, Lucid co-founders Han Jin and Adam Rowell have focused on perfecting thesoftware capabilities. To do this, they use myriad images taken in a dual-camera photographic setup (similar to having two eyes!) where depth is known, and they calibrate the AI from there.
Lucid's founder and CEO Han Jin is a serial entrepreneur who lived in several countries around the world. He was raised his single mother who worked multiple jobs to support the family.
Han has given his all to motivating and driving the young Lucid startup to greater heights.Lucid started out as a self-funded venture; as a young entrepreneur, Han spent his own $10K to get it started, while driving Uber at nights to pay for the next day's food. He rented out his own bed on Airbnb eight nights a month to cover his rent. Asuccessful $116K Indiegogo campaign in 2015 launchedLucid's pilot product, the LucidCam. New hire Jack McCauley--the co-founder of Oculus and Guitar Hero designer in 2017--got the tech community's attention as the company multiplied its revenue five times over from 2016 to 2017.
Lucid recently announced a partnership with RED, the maker of elite film cameras. Lucid's smart software is being used in the new RED camera, which uses the upcoming Red Hydrogen One phone as a holographic viewfinder. Other partnerships have not yet been made public.
In April 2017, Han was featured on the cover of Inc. Magazine as one of the 30 Under 30, and in 2018 was named aForbes 30 Under 30. Lucid as a company has been honored with several awards, including a Red Herring Top 100 in 2016 and an Edison Award in 2017.
Han believes in helping other startups succeed. To this end, Han participates as a lecturer at UC Berkeley, teaching AI, machine learning, risk modeling, simulation and data analytics. He has mentored startups in the past through the Innovators Program as an alumni mentor, as well as at SanDisk as a startup advisor, providing guidance in in business development, marketing, PR and product development based on the lean startup approach, enabling his mentees to raise funding. Han is also a Forbes contributor.
With a Kaizen philosophy of continuous improvement, as well as his dedication to his team and the mission of making advanced technology accessible for everyone, we are honored to recommend Han Jin for this Stevie award.
In bullet-list form, briefly summarize up to ten (10) of the chief accomplishments of this nominated entrepreneur since the beginning of 2017.
-Personal Awards: Han Jin - 2018 Forbes 30 Under 30; 2017 Inc 30 Under 30
-Company Awards: Lucid - Lumiere Award2016;Edison Award2017; Entrepreneur 360 2017, Inc.'s 8 Most Innovative Startups 2017
-Partnerships: Software forelite film camera maker RED for their new camera for the Hydrogen One, world’s first holographic phone. (Other partnershipsundisclosed.)
-Forbes Contributor: Five articles related to founding a successful startup https://www.forbes.com/sites/hanjin
-Industry Leadership: DefinedVR180 market with LucidCam.Google, Lenovo, Yi and others followed two years later.
-Sales: Successful LucidCam retail, thousands sold through Best Buy, Amazon, B&H and others.
-Early Funding: Two rounds, Angel$500K, Seed $2.1M -Performance: Profitable after 2.5 years.
-Entrepreneur Mindset:Han Jin bootstrapped Lucid, rented his own bed on Airbnb to pay rent