TL;DR Theranos, uBeam and Energous have all figured out how to bilk investors by exploiting their well-known tendency to "invest in teams not products". Hired some great engineers? That's good enough for us; we don't need to check whether your science is snake oil or not.
The bosses of Energous are especially slick. They went for IPO early and started paying themselves huge salaries. At the point when the market might have started asking questions like, "Why is there still no product?" they headed off trouble by adding a bunch of reassuringly big names to the board.
The bosses of Energous are especially slick. They went for IPO early and started paying themselves huge salaries. At the point when the market might have started asking questions like, "Why is there still no product?" they headed off trouble by adding a bunch of reassuringly big names to the board.