Buzz, TC

Billionaire Netscape founder Jim Clark is back with a new, self-funded startup

Jim Clark just can’t quit starting companies.

The billionaire cofounder of Silicon Graphics, Netscape Communications Corporation, myCFO, Healtheon, and Shutterfly, moved to Florida roughly 16 years ago to dive into the Miami real estate market. Now Clark, a native Texan, who’d dropped out of high school, is back with a new tech startup: CommandScape, a 24-person, home-automation and building-control system that controls air conditioning, motorized shades, surveillance, lighting, fire alarms and other functions from a highly secure online platform that has cybersecurity at its core.

One big difference between CommandScape and other home and building control systems, says the electronics journal CE Pro, is that unlike most building systems, which have become increasingly reliant on sensors, CommandScape’s system is completely wired, delivering data and power to some products over a building’s existing AC wiring.

Another feature, notes the journal, is that passwords and usernames aren’t needed for entry into a secure location or to access protected applications. Users are instead authenticated via their iPhones (with a systems administrator, or a parent, able to revoke permissions).

“It could be an enormous company .  . . in a slow-moving [$100 billion] market where technology is 15 years old,” Clark, now 73,  told USA Today. Of the company, which Clark has funded with $10 million of his own, he adds, “We have some grandiose plans.”

Clark is certainly no stranger to getting his way, though his move into real estate came with some serious challenges, owing to rising construction costs and a slowdown in demand for the high-end condominiums he set out to build.

These were notable for Clark, given that magic touch he was credited with having by author Michael Lewis in his best-selling book “The New New Thing,” published in late 1999.

One guesses he found made some money along the way, though not as much as he might have hoped. Last year, for example, Clark put up for sale a Palm Beach property for which he paid $11 million in 1999. After reportedly renovating it over four years, he priced the 10-bedroom estate at $137 million, making it one of the most expensive properties in the U.S.

The house, now priced at $115 million, is still for sale.

Featured Image: Photo by Steve Kagan/Liaison/Getty Images

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *

two − 1 =

This site uses Akismet to reduce spam. Learn how your comment data is processed.