Yeah, nah. Not a good look for us.
Sounds like major disagreement at senior level. Sean needs to step up and sort this shit out ASAP.
FFS!
BRN Discussion Ongoing
- Thread starter TechGirl
- Start date
Sounds like major disagreement at senior level. Sean needs to step up and sort this shit out ASAP.
FFS!
That’s 2 x senior sales members gone in a matter of months, with no explanation. Now one is publicly “downramping” the company. Not a great look.
MDhere
Top 20
Lol, I did the sumsHave you done the numbers..
A 5 cent dividend is over 86 million dollars and 2 cent quarterly dividends, is just over 138 million dollars a year (over 34 million a quarter)..
I think those dividends, would be some time off..
Pom down under
Top 20
DingoBorat
Slim
Sounds like sour grapes and a generous amount of brown nosing, in search of a new job, to me..
MDhere
Top 20
Looking at his career history seems like his middle name must be KAREN! The bloke can't seem to hold down a job if his life depended on it. Bye bye Karen (no offence to any normal karen out there)
Why did we hire him in the first place?
Pom down under
Top 20
JDelekto
Regular
I think it helps to have more context; there is a bit to unpack here. Looking at the complete thread, it appears Mr. Paetau initially responded to a post from someone at Helm, who has a "we're hiring" notice in their profile pic.
The comments about the ASIC runway affirm what BrainChip said publically about the time it takes their customers to get their product to market. I think some of BrainChip's customers who signed on with Akida 1000 are at the tail end of that process, some of which we will see at CES next month. It almost seems as if an excuse is being offered up here. A person who would have been good at securing some good, quality IP sales would have ensured that after that 3 to 4-year period, a steady stream of revenue would be established.
The "...financially they are not doing well" comment is true of any company whose profits are not covering their expenditures, which happens to many companies other than BrainChip. He is correct about the company's financials; the 4Cs and capital raise strategy confirm this. Anyone following the company's announcements on the ASX would know this already.
The final comment: "I have known of Helm.ai... ...strongly believe that Helm has the right idea..." followed by "I would very much like to be a part of your success" (emphasis mine,) leads me to believe that he is replying to either a recruiter for, or employee of Helm, and is going to make sure anything they say about the company is dripping with honey.
I don't see any reason to pay that much attention to it, especially since BrainChip is bringing on some other noteworthy talent with good credentials.
Papacass
Regular
I guess everybody here should know that we are following the Arm IP sales model. No one can argue that that model is not a proven successful one. Jens would know that and he would also know that BRN has reference chips. When it is up and running the IP sales model profit margin is huge and the customer is glued on for years. Can we emulate Arm? I hope so and Sean has bet on it with the assent of PVDM. I think it’s coming together.
Back in the day when you only got company announcements in the mail or read articles in the newspaper no one would have known that Jens had left the company. Now everyone is a sideline CEO and jumps at every shadow. Employees leave companies for various reasons everyday. If Jens couldn’t sell IP or his philosophy on tech development wasn’t aligned with the company’s direction I’m glad he’s gone. Get someone else in who knows how to sell IP. I bet our new sales boss knows how. Everyone was loving his appointment. Maybe he boned Jens. Onward.
Wow, last year on my birthday (which is tomorrow), I was elated when we closed at 0.745 and I was finally in the black again.
Not such a great feeling this time, at 0.17
Oh well, at least I was able to top up throughout the year and get my average down to 0.53
Fingers crossed for a better finish on my next birthday
Not such a great feeling this time, at 0.17
Oh well, at least I was able to top up throughout the year and get my average down to 0.53
Fingers crossed for a better finish on my next birthday
JoMo68
Regular
Ouch!!
David holland
Regular
This time nxt yr if the companies shareprice is at 17 cents I'd say it's a Ken marslew, Enough is EnoughWow, last year on my birthday (which is tomorrow), I was elated when we closed at 0.745 and I was finally in the black again.
Not such a great feeling this time, at 0.17
Oh well, at least I was able to top up throughout the year and get my average down to 0.53
Fingers crossed for a better finish on my next birthday
The Pope
Regular
Sounds like from all your negative posts ( can’t recall a positive one from you) is that you need a hug. I’m not offering but just saying. Anyone who actually lives nearby David and can drive to his place to see his if he is ok. Thanks in advance.
David holland
Regular
Ha ha you'll be the first one whinging mate,Why is Sean getting these shares, why haven't we signed another IP License
, but where at 17 cents when can we give the 2nd strike
TheFunkMachine
seeds have the potential to become trees.
I am not debunking this theory at all Bravo. And I do love your input on the forum. However how does Panasonic, cadence, MIRISE and Synopsis play a part if it is our technology?Howdy Brain Fam,
Hope everyone had a Merry Christmas. I just noticed this on Socionext's website. See date below 28th December 2023!
They're working with Honda, Mazda, Nissan, Subaru, Toyota, Denso, Panasonic, Cadence, Renesas..and the list goes on to research and develop SoC's for automobiles using chiplet technology to install in mass production vehicles from 2030 onwards!!!!!!
View attachment 52906
View attachment 52900
View attachment 52904
To find the above on the website, click on this link https://www.socionext.com/en/info/Automotive-SoC_2023.html and then click on PDF.
And then...from another area on Socionext's website (which can be found find by clicking on this link https://www.socionext.com/en/info/Automotive-SoC_2023.html and scrolling down the bottom of the page), you can see that Socionext say in regards to their Advanced AI Solution for Automotive that "Socionext has partnered with artificial intelligence provider BrainChip to develop optimized, intelligent sensor data solutions based on Brainchip’s Akida® processor IP."
So my guess would be that we be providing the advanced AI for the AI chip shown on the PDF describing the new SoC!!!!!!!
I do know that we have a foot in with Socionext and Renasas, but why mention all the other names and not mention Brainchip?
Fact Finder
Top 20
Hi All
A little bit of historical context to start with:
Sean Hehir interview with Mark Kennis after 2022 AGM - extract below
Sean: But what I said yesterday at our AGM, I think is very, very true. We spent nine years building this amazing technology. It’s transformational in its capability and powerful, but we were not doing enough in our go-to-market motion. So, I started to build the go-to-market motion, and I laid about five or six steps.
One was clarifying the business model. That was very, very important. Chips or IP?
We clarified that it’s IP.
A really important step.
We do have chips available, boards and things like that, but the revenue streams of the company are gonna be IP.” - (note the admission by Sean Hehir here that they have PoC's available.)
This was six to seven months before Jens Paetau joined Branchip and so it could not have come as any surprise that when Chris Stevens recruited him to his position it must have been on the basis that he would be selling IP not chips.
In his response to the Hans Peter question he states “they do not realize most designs start with a chip for a PoC and later develop an ASIC.”
Apparently at his initial on the job training Chris Stevens failed to mention to him that Brainchip had available the AKD1000 proof of concept (PoC) chip and that AKD1500 was due to tape out within a short while and the AKD1500 proof of concept chips would be available mid year.
If anyone doubts that AKD1000 was a proof of concept chip all they need do is go back to 2020 and listen to one of the many interviews done by the then CEO Mr. Dinardo who on many occasions used this very term 'proof of concept' to describe AKD1000 and stated that it was required by those companies they were dealing with who were deciding whether to proceed with AKIDA and that this was entirely understandable given a company would need to invest 30, 40 or 50 million dollars to design and bring a product to market.
Though the CEO Mr. Dinardo had left by the time Jens Paetau arrived Rob Telson who worked closely with Mr. Dinardo along with Peter van der Made and Anil Mankar and many others also understood the importance of proof of concept chips.
Apparently as part of his own due diligence he missed the statement made by Sean Hehir his CEO that a proof of concept AKIDA 2.0 would likely be produced after the IP was publicly released. As we all know once you settle on the IP design you then have to have engineering work on the layout for the proof of concept chip so from IP to proof of concept chip in hand necessarily takes some time.
For those of you who follow such things the first release of the AKIDA 2.0 specs indicated that 'P' would have a capacity of 50 TOPS however after it was in the hands of the early access customers some further upgrades by way of adding extra nodes were made lifting 'P' to 131 TOPS. It might be thought sensible to not race in and produce a proof of concept chip until you have settled on the IP design but I will leave that to others better qualified to say.
He also appears to have missed the announcement that Brainchip and VVDN will be releasing an AKIDA EDGE Box at CES 2024 and advance orders will be taken thereafter. Sean Hehir CEO has not used the term proof of concept but has described it as something which Brainchip itself will use as a demonstrator with customers.
Clearly having been brought on by Chris Stevens there are lines between which on can read here that Jens Paetau's skill set and or personality may not have met the expectations of the new Vice President of Sales Steve Thorne and that he was likely given a heads up at Christmas drinks closing off the 2023 financial year in the USA that he did not form part of future planning. The fact that he was looking for a position between Christmas and New Year fits neatly with this scenario having immediately before Christmas been talking up his attendance for Brainchip at sensor tradeshows in 2024.
The fact that Jens Paetau has relied upon flawed facts to enhance his job prospects when asked why he was leaving Brainchip destroys his credibility in my opinion but whether he stays or goes is actually not for me to judge as an outsider but if he has been asked to move on by the new Vice President of Sales then his character as evidenced in these posts would not give me pause to doubt the correctness of that decision.
My opinion only DYOR
Fact Finder
A little bit of historical context to start with:
Sean Hehir interview with Mark Kennis after 2022 AGM - extract below
Sean: But what I said yesterday at our AGM, I think is very, very true. We spent nine years building this amazing technology. It’s transformational in its capability and powerful, but we were not doing enough in our go-to-market motion. So, I started to build the go-to-market motion, and I laid about five or six steps.
One was clarifying the business model. That was very, very important. Chips or IP?
We clarified that it’s IP.
A really important step.
We do have chips available, boards and things like that, but the revenue streams of the company are gonna be IP.” - (note the admission by Sean Hehir here that they have PoC's available.)
This was six to seven months before Jens Paetau joined Branchip and so it could not have come as any surprise that when Chris Stevens recruited him to his position it must have been on the basis that he would be selling IP not chips.
In his response to the Hans Peter question he states “they do not realize most designs start with a chip for a PoC and later develop an ASIC.”
Apparently at his initial on the job training Chris Stevens failed to mention to him that Brainchip had available the AKD1000 proof of concept (PoC) chip and that AKD1500 was due to tape out within a short while and the AKD1500 proof of concept chips would be available mid year.
If anyone doubts that AKD1000 was a proof of concept chip all they need do is go back to 2020 and listen to one of the many interviews done by the then CEO Mr. Dinardo who on many occasions used this very term 'proof of concept' to describe AKD1000 and stated that it was required by those companies they were dealing with who were deciding whether to proceed with AKIDA and that this was entirely understandable given a company would need to invest 30, 40 or 50 million dollars to design and bring a product to market.
Though the CEO Mr. Dinardo had left by the time Jens Paetau arrived Rob Telson who worked closely with Mr. Dinardo along with Peter van der Made and Anil Mankar and many others also understood the importance of proof of concept chips.
Apparently as part of his own due diligence he missed the statement made by Sean Hehir his CEO that a proof of concept AKIDA 2.0 would likely be produced after the IP was publicly released. As we all know once you settle on the IP design you then have to have engineering work on the layout for the proof of concept chip so from IP to proof of concept chip in hand necessarily takes some time.
For those of you who follow such things the first release of the AKIDA 2.0 specs indicated that 'P' would have a capacity of 50 TOPS however after it was in the hands of the early access customers some further upgrades by way of adding extra nodes were made lifting 'P' to 131 TOPS. It might be thought sensible to not race in and produce a proof of concept chip until you have settled on the IP design but I will leave that to others better qualified to say.
He also appears to have missed the announcement that Brainchip and VVDN will be releasing an AKIDA EDGE Box at CES 2024 and advance orders will be taken thereafter. Sean Hehir CEO has not used the term proof of concept but has described it as something which Brainchip itself will use as a demonstrator with customers.
Clearly having been brought on by Chris Stevens there are lines between which on can read here that Jens Paetau's skill set and or personality may not have met the expectations of the new Vice President of Sales Steve Thorne and that he was likely given a heads up at Christmas drinks closing off the 2023 financial year in the USA that he did not form part of future planning. The fact that he was looking for a position between Christmas and New Year fits neatly with this scenario having immediately before Christmas been talking up his attendance for Brainchip at sensor tradeshows in 2024.
The fact that Jens Paetau has relied upon flawed facts to enhance his job prospects when asked why he was leaving Brainchip destroys his credibility in my opinion but whether he stays or goes is actually not for me to judge as an outsider but if he has been asked to move on by the new Vice President of Sales then his character as evidenced in these posts would not give me pause to doubt the correctness of that decision.
My opinion only DYOR
Fact Finder
Last edited:
wilzy123
Founding Member
Ha ha you'll be the first one whinging mate,Why is Sean getting these shares, why haven't we signed another IP License
Please use coherent English on this forum. Otherwise, it'll just continue to look like you're talking to yourself, and we might be missing out on a lot of valuable commentary. Thanks.
David holland
Regular
I'll use what I like, did you ask the family member re putting pictures up without there permission
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