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Archive for February 26th, 2008

Pulse Update from CEO Jim Marggraff

Tuesday, February 26th, 2008

Dear Livescribe supporters,

On behalf of all of us here at Livescribe, we understand your frustration and hear your concerns about the shipping date for the Pulse smartpen.

For the past couple years, we’ve encountered numerous challenges to achieve the light weight and size of our smartpen, excellent fidelity in audio for far-field recording, immediate responsiveness to the touch, a $149 price point, and a Java-based platform that will support a broad range of future applications. If you’ve ever been part of starting a new company, you understand the moments of exhilaration stacked against the moments of exhaustion requiring sheer, dogged perseverance to overcome the incredible odds facing a new venture.

We were told by many people — potential investors, technologists, and others that what we were attempting to do was impossible: You can’t make a pen that small with that functionality…You’ll never be able to hit a $149 price point…You can’t record audio at a distance; the best consumer digital recorders in the world don’t even do this…

We are very close to finishing the product; we’re completing our testing, planning to start shipping by March 31st, and ramping up our production as rapidly as possible.

So please bear with us. We’re a small, passionate team of committed individuals, working 100+ hours per week, for many months now, to bring something great to you. My family and I are among the heaviest trial users and live through the ups and downs of code advancement, bugs, and breakthroughs hour by hour.

I can attest to the fact that we’re bringing Pulse and the Livescribe platform as quickly to market as possible without compromising quality. We hope to bring a major advancement in learning, problem solving, communicating and thinking to the world with Pulse.

Thanks for your patience, support and belief in Livescribe and our vision!

Jim Marggraff
Founder and CEO


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