Famo.us, which offers a JavaScript framework thatâs designed to power HTML5 apps that are faster and better-looking than whatâs currently possible, has raised $4 million in Series A funding. The round was led by previous investor Javelin Venture Partners, with participation from âone or moreâ hardware vendors (whose name or names arenât being shared publicly).
The company is led by Steve Newcomb, who previously co-founded Powerset, the semantic search startup acquired by Microsoft for $100 million. It actually launched at our Disrupt conference in San Francisco last fall. When I spoke to him about the funding, Newcomb admitted that his Disrupt presentation wasnât exactly an overwhelming success, and that he faced some skepticism and confusing from the judges.
One reason Newcomb may not have had all the answers â" supposedly, the conference came only three days after his decision with co-founder Mark Lu to shift the companyâs focus. Originally, Newcomb said he had wanted to build what was, essentially, a Pinterest clone, but with vastly improved design. However, the team discovered that HTML5 could not deliver the experience that they were looking for. The real issue, Newcomb said, was in the basic design of web browsers, which were built to render documents, not apps. And when it comes to rendering, while âthe web got it wrong from the beginning,â the team realized that the gaming industry got it right.
âWe built a shitty game engine, which is basically the best app engine ever built,â Newcomb said.
So a website built with Famo.us bypasses the in-browser renderer and uses the Famo.us framework instead, leading to a dramatically improved rendering experience. Once theyâd built the technology, Newcomb said he and Lu could have gone ahead with their plan to take on Pinterest, but they decided that they was more potential in the platform itself.
And while he didnât have a detailed business plan when he was launching at Disrupt, Newcomb said heâs figured things out now â" Famo.us is trying make the platform available for free to developers by treating hardware manufacturers as its customers, customizing the framework to take advantage of their device capabilities.
Fixing HTML5 is a big promise, and one that weâve heard from other companies. However, you can see Famo.us in-action yourself by visiting the company site, which is basically just a demonstration of the technology. It features a 3D version of the periodic table that doesnât use any plug-ins, WebGL, or Canvas. And it runs on smartphones, tablets, PCs, and televisions â" Newcomb took me on a tour of the site using his iPad, showing off lots of little touches in the animation and interactivity, none of which slowed down the site at all. (Click on the âfun things to doâ button if you want some ideas on how to stress test the platform.)
The site is basically a version of what Newcomb demonstrated at Disrupt. The technology has advanced since then, he said. Newcomb gave me a demonstration of one aspect of the physics engine that the Famo.us team is developing, which featured one surface sliding on top of a second one â" he could adjust the physical properties of the surfaces and the motion would change immediately. In other words, Newcomb said developers could use Famo.us to create apps with their very own âbounceâ navigation (something that Apple tried to patent, although the US Patent Office wasnât on-board).
Newcomb said heâs very self-consciously trying to be a perfectionist in how he builds Famo.us as a company. For one thing, he noted that 16,000 developers have signed up for the beta, but âwe are not letting of them touch anything yet.â That same perfectionism is going into the company office, which is located in a penthouse in San Franciscoâs SoMa neighborhood. When I visited on Friday, Newcomb pointed to the desks, which seemed perfectly fine to me, and said they would be replaced in a few days because they were the wrong kind of wood.
âThat lean startup style â" I donât believe that,â he said, later clarifying that the lean approach makes sense for some startups, but not for everyone. Because Newcomb wants the technology to be used to create beautiful apps, âeverything we do has to represent perfection and elegance.â
Newcomb said most of the initial investors (Famo.us raised a $1.1 million seed round) werenât thrilled by the shift, because the vision was too big and challenging,, but Javelin partner Jed Katz stuck by him. In fact, Katz told me that he had backed the company initially because of his confidence in Newcomb, and if anything, he had more questions about âthe original consumer version â" with the second generation, it really clicked with us.â
I love to think of entrepreneurs as heros of a sort. To imagine a single person that starts with a simple idea and then turns that idea into a permanent monument of human accomplishment - that is beautiful. To imagine a single human being having the guts to hold themselves responsible for affecting so many lives through employment, through their product and through the shear, raw, and direct power of money - that is my kind of benevolence. To...
Famo.us is led by Steve Newcomb, who is best known for founding Powerset, which was sold to Microsoft and is now part of Bing. Famo.us was started in 2011 and is well funded by some of the most prominent entrepreneurs and venture capital companies in the Valley. Famo.us is building a development infrastructure that enables developers to create 2D and 3D gesture based interfaces and deploy them to any mobile, desktop or living room device.
Invests in early-stage tech companies with incredible potential, managed by teams of energetic, trustworthy and capable leaders. Key focus areas include digital media, Internet commerce, mobile and healthcare IT. Javelin looks for advanced bleeding-edge innovations, where the addressable market size is substantial and strong competitive advantages exist. A typical investment is between $1 to $2 million, with reserves for follow-on investments. In addition, Javelin also considers smaller seed investments for unique companies just getting started. Located in downtown San...
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