Lytro
company on 1 show · 5 statements across 1 episodes · said 17 times in 4 episodes since 2017
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the a16z Podcast 17
2019 16 mentions in 3 episodes 5 per episode
2017 1 mention in 1 episode
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5 statements about Lytro, every show
Rosenthal: Lytro doubled margins by shifting to recurring B2B model
“We more than doubled our margin structure because again, with marketing and distribution and manufacturing, a one-time consumer sale is really, really hard. And we found a way to get to a recurring business rather than a one-time business.”
Rosenthal: Exiting consumer market cut Lytro's cost structure by 70%
“Our cost structure, we cut by about 70% by just not being in the Consumer business.”
Rosenthal: Lytro laid off 55% of staff during VR pivot
“We had to start by laying off about 55% of the company in order to be able to go execute that plan.”
Rosenthal: Lytro pitched 83 investors before securing a recapitalization round
“83 investors later. 83. I still have that spreadsheet. You know, we found an interested investor. We basically changed the cap table, radically reduced the valuation.”
Rosenthal: Lytro owed $4 million to suppliers upon taking over CEO role
“It turns out that for the first generation Lytro product that had already shipped, we owed an enormous amount of money to the tune of, I think about four million dollars to our suppliers who had pre-purchased all the parts and all the components needed for the…”