Simon Tian Explained

Simon Tian
Birth Date:February 24, 1994
Birth Place:Montreal, Quebec, Canada
Alma Mater:Marianopolis College (attended)
Occupation:CEO of Fonus, Neptune, and Globle

Simon Tian (born February 24, 1994) is a Canadian businessman, inventor, entrepreneur and investor.[1] [2] He is the founder and chief executive officer (CEO) of Fonus[3] and Neptune.[4] [5] Born and raised in Montreal, Canada, Tian dropped out of pre-university college at the age of 17 to start Neptune,[6] and, as of late 2017, has raised around $7 million from private investors as well as a total of more than $2 million from crowdfunding sources alone.[7] [8] Tian is a 2015 Thiel Fellow, having been awarded $100,000 by PayPal co-founder and venture capitalist Peter Thiel through the Thiel Foundation,[9] [10] [11] [12] and was named one of the top 30 Quebecers under 30 by Les Affaires in 2014.[13]

Early life

Tian was born to Chinese Canadian parents in Montreal, Quebec, in 1994. He was raised in Brossard, Quebec, a suburb of Montreal, and attended secondary school at Jean de la Mennais College, a French-speaking school in La Prairie, Quebec.[14] Tian is fluent in English, French, and Mandarin. Tian is also a classically-trained pianist, having won first place in piano performance at the Canadian Music Competition in 2008 at age 13.[15]

Career

Tian started Neptune, a wearable technology company, in January 2013, while he was 17 and still studying at Marianopolis College, in Westmount, Quebec. Before building a prototype or incorporating the company, Tian posted some conceptual drawings of a smartwatch, the Neptune Pine, on the internet and issued a press release announcing the product's launch. He received more than 20,000 orders for the device in a few weeks.[16] Following the interest in his conceptual drawings, Tian dropped out of school and travelled to China to meet with manufacturers to have the device developed. In November 2013, he launched a crowdfunding campaign to finance the product's development.[17] Within 27 hours, the campaign surpassed its funding goal of $100,000, and went on to raise more than $800,000 in 30 days.[18]

The Pine was prominently featured in the 2017 film The Fate of the Furious, the CBS TV series Extant produced by Steven Spielberg and starring Halle Berry, as well as the music video for the song Smartphones by Trey Songz. The device received mixed reviews from the press, with many criticizing its large size and functionality.[19] [20] [21]

In November 2015, Tian was invited by the Mayor of Montreal Denis Coderre to attend the 2015 Montreal Trade mission to China as one of the city's representatives.[22]

In late 2017, Neptune, Tian's first company, was acquired for an undisclosed amount.

In November 2019, Tian announced the launch of Fonus, an American telecommunications company based in Santa Monica, California, operating as a mobile virtual network operator on AT&T’s network.[23] The company offers a single monthly prepaid plan as opposed to the usual multi-plan offerings of other carriers, providing users with unlimited data, unlimited calls and texts worldwide, and free roaming in the United States, Canada and Mexico at a fixed monthly fee.[24] The data operates on AT&T's cellular network in the United States, whereas the calls and texts are provided through Fonus' proprietary voice over IP (VoIP) application.

Controversies

Tian raised US$1.15 million for the Neptune Suite in 2015, estimating the products would be ready for shipping in April 2016.[25] However, by December 2019, Tian still had not shipped the product to the company's backers, leading ZDNet to claim the company had "jilted" backers.[26] Tian claims that the project ultimately needed more financing to be realized, and that the funds he had raised were not sufficient to complete development of the product.[27]

Notes and References

  1. Web site: Canadian entrepreneur wants to replace your smartphone with smartwatch 'hub'. Bogart. Nicole. Global News.
  2. Web site: Neptune's Duo will put your whole world on your wrist. VentureBeat.
  3. Web site: November 21, 2019. Fonus claims to be the world's first global carrier. December 1, 2019. MobileSyrup. en.
  4. Web site: Once you have this smartwatch, you may throw out your smartphone. CBC.
  5. Web site: This 19-year-old Montreal teen has raised over $200,000 on Kickstarter for his Neptune Pine smartwatch. Financial Post.
  6. News: How a Canadian whiz kid plans to upend the smartphone market. June 10, 2020.
  7. Web site: Alois. J. D.. December 22, 2013. Neptune Pine SmartWatch Crowdfunds Over $800,000 on Kickstarter. June 10, 2020. Crowdfund Insider. en-US.
  8. Web site: Czikk. Joseph. May 28, 2015. Neptune Pine's story a testament to 'just do it' mentality. June 10, 2020. Montreal in Technology. en-CA.
  9. Web site: Billionaire Peter Thiel is giving these 20 kids $100,000 to drop out of college and start companies. Business Insider.
  10. Web site: Montreal whiz kid to be paid $100,000 to quit school. CTV Montreal.
  11. Web site: $100K to drop out of school: 4 Canadian students win fellowship. CBC.
  12. Web site: Four young Canadians ditch school for $100K fellowships Toronto Star. Toronto Star.
  13. Web site: Top 30 des jeunes de 30 ans et moins en TI. June 10, 2020. www.lesaffaires.com. fr.
  14. Web site: Eventful: EWeek Keynote Speaker: Fireside Chat with Simon Tian, Founder of Neptune. June 10, 2020. Eventful. en.
  15. Web site: Canadian Music Competition 2008 / Results / Detailed Results / Piano – Canadian Music Competition. June 10, 2020. www.cmcnational.com.
  16. Web site: How a Canadian whiz kid plans to upend the smartphone market. The Globe and Mail.
  17. Web site: Teen Dropout Gets $200,000 In Crowdfunding For This Invention. The Huffington Post.
  18. Web site: Neptune Pine SmartWatch Crowdfunds Over $800,000 on Kickstarter. December 22, 2013. Crowdfund Insider.
  19. Web site: Yes, we really had to wear this in public to review it for you. Digital Trends. en-US.
  20. Web site: The Joy and Misery of Life With a Grotesquely Large "Smartwatch". Aguilar. Mario. Gizmodo. en-US.
  21. Web site: Behold: a wristband that replaces your phone with a dumber phone. Engadget. en. May 29, 2020.
  22. Web site: October 2015. Liste des Participants à la Mission Chine. Board of Trade of Metropolitan Montreal.
  23. Web site: US MVNO Fonus launches unlimited USD 30 plan with AT&T 5G. May 6, 2021. www.telecompaper.com. en.
  24. Web site: Fonus launches $30 cellular plan with up to 5G speeds of unlimited data, unlimited calls & texts worldwide via the Fonus app, and free roaming across North America. May 6, 2021. PRWeb.
  25. Web site: Neptune Suite – One Hub, Infinite Possibilities . Indiegogo.
  26. Web site: Crowdfunding projects that left backers jilted at the altar. ZDNet. Rubin. Ross. January 23, 2023.
  27. Web site: Eine Million US$ kam für diesen Computer der Zukunft zusammen – weshalb es ihn trotzdem nie geben wird. Aargauer Zeitung. de-ch. May 29, 2020.