As even the must casual observer will agree, it’s difficult to pull off a successful second act in the tech sector. (A person could chuck a rock in almost any direction in Silicon Valley and hit an executive in the head that is attempting to catch lightening in a bottle again.)
Los Angeles-based Hyperloop’s goal is to transform the transportation sector at nearly the speed of sound via a full-length tube that is built between destinations. Lloyd says the disruptive service, which is designed to rocket both passengers and cargo to their destinations, “will be the most efficient transportation network ever seen.”
In his first blog posting as the company’s new CEO, Lloyd likened the build-out of Hyperloop with his days of building the Internet while he was at Cisco. (And just maybe Lloyd will prove F. Scott Fitzgerald wrong in regards to there being no second acts in America.)
Lloyd spent 21 years at Cisco, including the past three as one of two presidents alongside COO Gary Moore. He was a key consigliere to former CEO John Chambers and was rumored to be in the running to replace Chambers when he retired. Instead, Cisco’s board picked Chuck Robbins as its new CEO in June.
Hyperloop was originally the brainchild put forth by entrepreneur Elon Musk, who called it the fifth mode of transportation. The design includes using pressurized capsules that ride that on an air cushion driven by induction motors and air compressors.
With Musk’s blessing, Brogan BamBrogan and Shervin Pishevar co-founded Hyperloop last year. The technical team, led by CTO BamBrogan, is working on a two-mile test loop that it hopes to show to enterprise partners and governments by the end of next year or early 2017. Hyperloop hopes to have the system commercially viable by 2020.
Hyperloop has 50 full-time employees occupying more than 55,000 square feet at the company’s three-acre, three-building campus in the downtown Los Angeles arts district. It also has a long list of job openings on its website.