Meet the 22-year-old college dropout who wants to power every future self-driving car
Austin Russell Luminar
Austin Russell Luminar

(Luminar)

There's a race to the bottom in making self-driving cars more affordable than ever, but Austin Russell has been running an entirely different race.

The 22-year-old college dropout has been sitting quietly for the last five years and watching as manufacturers rush to create cheaper versions of Lidar, a laser-based radar system that's a key component in self-driving cars since it allows cars t0 "see" the road.

Russell, now the CEO of self-driving car technology startup Luminar, decided to skip working on a cheap system, instead spending the last five years with cofounder Jason Eichenholz putting together a Lidar system they hope is better than the rest.

“There’s a reason we’ve been in stealth so long," Russell said. "If we announced our plans five years ago, everybody would be doing this.”

Comes down to seconds

Just four piers down from San Francisco's famous seals at Fisherman's Wharf is an empty cruise terminal filled with a smattering of fake deer, mannequins, and tires strategically stationed at points on the floor.

Luminar warehouse
Luminar warehouse

(Fake deer and abandoned tires litter the floors of an empty cruise terminal where Luminar does its range testing.Biz Carson/Business Insider)

At one end of the warehouse, Luminar has installed its Lidar device into a car, pointed at its target: A blackboard as tall as an SUV, sitting next to a "200 meter" sign.

This had been Russell's target to hit before publicly debuting his five-year-old startup, Luminar. 200 meters is longer than most Lidar systems for self-driving cars can see, and seeing dark black objects reliably at that distance is even harder.

During a press demonstration at the pier, Russell and Eichenholz's system zoomed in on the black billboard in the distance. The Lidar was even able to pick up the pigeon walking in the middle of the fake deer on the floor, nearly 100 meters away from the car.

Russell was a kid of barely legal driving age when he decided to conquer self-driving cars. He'd been a tinkerer most of his life.

He memorized the periodic table by two, transformed a Nintendo game handset by the sixth grade, and made a holographic keyboard in high school. In 2012, Russell founded Luminar and soon after started doing independent research at the Beckman Laser Institute.

When he got to Stanford University in 2013, venture capitalist Peter Thiel paid the then-18-year-old Russell $100,000 to drop out of school. His Thiel fellowship bio said he had a "passion for developing innovative optoelectronic technologies". For Russell, being innovative meant having the patience to build a better Lidar that would not only advance an industry, but do it in a field that could save people's lives.