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It's an ex-uBeam...

Just shy of its 10th birthday and with between $40 and $48 million of investment (estimated), it appears uBeam (recently Sonic Energy ) has ...

Thursday, August 22, 2019

Perry Out at uBeam

uBeam cofounder and ex-CEO, Meredith Perry, recently updated her LinkedIn profile to show that not only was she was no longer in either of those roles as of September 2018 (or was it May 2018?), she is now no longer a board member at uBeam as of this month.


For someone who controls a pretty hefty amount of stock in the company, it's hard to be removed from the board. So resigned? Pushed? Founded her new venture and no time to do the arduous task of one 4 hour meeting per quarter? (She is asking about best banks for startups on her Twitter account, which you'd think having already done once she'd know...)

Interestingly it's almost 4 years to the day since I sat with a board member and lead investor and told him that IMO Perry was a liability and needed to take action or the company was in serious trouble. Well 4 years and near $30 million later and maybe he listened to me? :)

So how much longer does uBeam have? IMO it has to be measured in single digit months, possibly weeks as there's a new Acting CFO according to the webpage. We'll know soon enough. (Edit May 2021 - it actually took around 18 more months)