Elemental Technologies Case Study Example | Topics and Well Written Essays - 500 words

chief(a) Technologies - facial expression Study ExampleThe four had a good vision and their plans had so much potential. In the beginning, the aggroup was struggling so much that it almost started up within Pixel whole kit and caboodle as a skunk works unit. However, they never gave up and the team started working on its virgin architecture. Their determination paid up when in 2006 when Pixelworks offered them $200, 000 to create a fully independent corporation. Things started looking up for them. Moreover, the team thought that the investment would foretell that they had they had their former employers blessings and that there was no intellectual property risk. This investment went a long steering in helping the team since the development of hardware required cash.In 2006, the hardware specialists (Blackman and West) decided to right out on their own together with Rosenzwieg, (a software authority). They then leased office spaces and begun developing their new technology mean t to revolutionize rich media consumption. This plan was a guaranteed success since most technologies were in line with Elementals plans at least that is what the team thought. This was because the consumers demanded for rich media content, which the content providers were unable to solve. Consequently, the devices that were used to access digital video exploded. The team was sure that in terms of market opportunity, they were definitely going to make it prominent time (The Seed Investment Dilemma 4). The company then set up meetings with top venture capital firms and was confident that they would receive funding within six months. Nevertheless, this was not the case. The venture companies doubted whether there was way in the technological world for Elementals envisioned architecture. This is because it seemed unlikely that people would buy tag on processing cards to install into their computers. The biggest mistake that Elemental