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Peter Stern

Chief Executive Officer at Voyant Photonics

Professional Background

Peter Stern is a visionary entrepreneur and leader who has made significant contributions to the technology industry, particularly in the realms of finance and advanced sensor technologies. With over two decades of experience, he has repeatedly proven his ability to challenge established norms and disrupt entire industries. From his early career in military R&D to founding innovative startups, Peter's journey is marked by his problem-solving mindset and his commitment to creating products that enrich people's lives.

In 1995, Peter moved to New York City with an ambitious plan to revolutionize stock trading by leveraging the power of the Internet. He launched a company that allowed individuals to trade stocks electronically, eliminating the need for traditional brokers. Through his determination and the support of a remarkable network, he transformed this idea into a highly successful enterprise. Under his leadership, the company became one of the top two generators of internet traffic and served millions of individual investors, ultimately leading to a merger valued at nearly $2 billion. This milestone not only underscored his prowess in the technology sector but also showcased his ability to innovate and implement impactful solutions.

Following this incredible journey, Peter has opted to focus on smaller, dynamic organizations where innovation thrives. He has founded or managed multiple companies, each aimed at creating groundbreaking products that improve the customer experience. Beyond his entrepreneurial pursuits, he has also invested in and collaborated with inspiring entrepreneurs, proving his unwavering commitment to fostering innovation.

In the realm of high-tech, Peter has returned to his roots in LiDAR technology. Currently, he leads Voyant Photonics, where he is spearheading efforts to shrink bulky LiDAR systems into compact, highly efficient semiconductor chips. This pioneering work has the potential to revolutionize the way machines understand and perceive their environment, set to become as common as CMOS camera sensors are today.

Education and Achievements

Peter Stern holds a Bachelor of Science degree in Electrical Engineering and Public Policy from Carnegie Mellon University, an institution renowned for its dedication to integrating technology with societal needs. He also enriched his skill set with a short program focused on building a small radar system at the prestigious Massachusetts Institute of Technology (MIT). This solid educational foundation laid the groundwork for his subsequent innovations and leadership roles in various organizations.

Throughout his career, Peter has held numerous influential roles, including:

  • Chief Executive Officer at Voyant Photonics, where he oversees the engineering of advanced LiDAR technologies.
  • Venture Partner at Entrepreneurs Roundtable Accelerator, guiding upcoming startups toward successful launches.
  • President at Voyant Photonics, further cementing his impact in the field of machine perception.
  • Venture Partner at LDV Capital, investing in vision-based startups.
  • Founder and President at Zenbe, a company which focused on enhancing productivity through efficient communication solutions.
  • CEO at bitly, where he led the company's strategy and growth into a global platform for link management.
  • Managing Director at Open Field Entrepreneur Fund at Carnegie Mellon, dedicating time to support new business ventures.
  • Founder, Director, Chief Technology Officer, and Head of Product at Datek Online Holdings Corp., a pioneering online brokerage firm.

Peter's expertise has also been utilized in earlier roles, such as Division Manager at Fibertek and Systems Integration Engineer at Sikorsky Aircraft. His diverse experiences have equipped him with a unique perspective and a comprehensive understanding of the challenges within the tech landscape.

Personal Philosophy and Vision

Peter Stern's career has always been driven by a strong personal philosophy: to tackle problems that truly matter to people. He thrives on the challenge of proving experts wrong and pushing the boundaries of conventional thinking. His innovative mindset has led to numerous successful exits, and his work continues to resonate deeply within the entrepreneurial community.

As a mentor and advisor, Peter is dedicated to nurturing the next generation of entrepreneurs, sharing his knowledge, experiences, and passion for technology. He believes that groundbreaking innovations often arise from small startups and collaborative efforts, fostering an environment where creativity can flourish.

With an exciting trajectory ahead at Voyant Photonics, Peter is poised to lead the charge in transforming the LiDAR industry and making its technologies accessible and indispensable. His enthusiasm for cutting-edge technology combined with his strategic vision positions him as a leader who is firmly rooted in both engineering pri

Highlights

Jul 6 · linkedin

28th Anniversary of the first end-to-end electronic stock trade - At this date and time in the summer of 1996 the first retail stock trade was entered by user STOCK7863 and executed by Datek Online within a few seconds without any intermediation by a human (although a human registered stock broker, Jon Normile, did watch text messages go by on a screen to fulfill all SEC and NASDR regulatory requirements to the letter).

The 300 shares in the tech pioneer SYMBOL:COMS (3 Com, now extinct but it was an amazing company before it lost its way) was executed via the Island ECN all "electronically" by... who knows? A day trader on a Watcher terminal or any of the early all-electronic quant funds searching for liquidity on Island.

STOCK7865 didn't care who the counter party was. He was ecstatic about seeing a fast execution at the best price on his Netscape browser, for which he paid less than 1/8 what he would have paid his other brokerage firm to get a worse execution price, and called me to tell me so.

STOCK7865 explained that he was expecting to lose all his money to a fraud scheme given the poorly Xeroxed customer agreement he signed looked like a ransom note, and none of the firm's addresses on the document footers matched on the different pages.

I assured STOCK7865 that the truly fraudulent brokerage firms are much better at printing their customer- and regulator- materials, but are not nearly as good at getting you a fast execution in a hot stock...

I think this made him feel better that I was not going take his gains with me to Venezuela...

Jun 4 · linkedin

Dear Keith,

I don't necessarily agree with everything you say or do, but I respect your right to say and do them. If I were still in charge of an online brokerage firm you would already be a customer (because we would not be selling your order flow for a profit, we would instead instantly cross it on an ECN: excellent for you, not so profitable for us, but worth it in the end), and I would not shut down your account, no matter what. Unless the SEC told me I had to. Then your account would be frozen in a second. But I would tell you about it. Unless the SEC told me not to. But I would somehow get the word out anyway. Maybe.

A Pump & Dump scheme only works if you pump publicly and dump secretly. Is that what you are doing? My bet is that your online broker or their market makers loses money, big money, on the biased trading you create, and when the street loses money they prefer to blame, well, someone like you.

Related Questions

How did Peter Stern start his journey into the world of technology and entrepreneurship?
What challenges did Peter face while launching his stock trading company in the 1990s?
In what ways does Peter see LiDAR technology evolving over the next few years?
How has Peter's education at Carnegie Mellon University influenced his approach to problem-solving?
What inspired Peter to shift focus back to LiDAR technology and what are his goals at Voyant Photonics?
How does Peter Stern approach mentorship for emerging entrepreneurs?
Peter Stern
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Location

New York, New York, United States