• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia
Drones

This Teenage Entrepreneur Raised $2.8 Million for His Drone Startup In-Between High School Classes

By
Laura Entis
Laura Entis
Down Arrow Button Icon
By
Laura Entis
Laura Entis
Down Arrow Button Icon
July 20, 2016, 9:01 AM ET

George Matus graduated from high school in May, but his schedule is crazier than ever. While most of his former classmates are catching up on sleep after the marathon that is senior year, Matus is lucky if he averages six hours a night.

As the 18-year-old has learned, sleep is a luxury when you’re the founder and chief executive of an early-stage startup. In the weeks since school ended, it’s been a race to get everything ready — from building a website to ironing out a warranty policy — before the public unveiling of his company.

It’s time: Teal, which sells commercial drones, launches today. The company’s first product, a battery-operated, camera-equipped unmanned aerial vehicle (UAV) that reaches speeds of 70 mph, is available for pre-order (the product, which costs $1,299, will ship in early 2017). It’s an important milestone for Matus, if only one of many. In the past year or so alone, he’s raised $2.8 million in seed funding, received $100,000 from Peter Thiel’s foundation to skip college, competed in the ABC show BattleBots (in which contestants face off via fighting robots) and built a team of 15 employees and contract workers — all while juggling classes.

“It’s been a steep learning curve,” Matus says of pitching venture capitalists and managing workers who, in some cases, are decades older. Luckily, the product part is intuitive. Matus has been building and flying drones for more than a third of his life. The obsession began at age 11, when he moved with his family from San Diego to Salt Lake City (the family’s new home came with a sprawling backyard, the perfect launching pad for DIY aircraft).

Related: We May Never Learn Tony Robbins’ Best-Kept Secret

After happening upon a forum on how to fix aircrafts and RC planes, the hobby quickly spiralled into a full-blown obsession.

“I fell in love,” he says.

He experimented, finding communities of fellow hobbyists online. Early on, he bought a helicopter and modified the device so it could fly upside down. Thrilled with the result, he videotaped the aircraft in action, posting the footage on YouTube. HorizonHobby, the company that made the helicopter, was less than pleased. “They told me to take it down — basically a cease and desist,” says Matus.

The order came with a job offer, however: the company wanted to hire him as a part-time test pilot. Still in middle-school, he’d scored his first drone-related job. There, he built prototypes, including “a helicopter that could fly for two hours,” and a drone that could fly over 100 miles per hour. After his homework, each evening was spent flying his creations in the mountains behind his house.

By 16, he knew the drone market well enough to recognize the gaps. “I built a wish list of everything I wanted in a drone,” he says, which included a more compact, fast and stable model. With the help of Mark Harris, a venture capitalist who happened to be on Matus’ high school board, he began raising a seed round to build it himself.

 

 

Teal is the byproduct of that. The company’s drone comes with a camera, and three built-in apps (command and control, follow-me mode and gaming).

Now that he’s done with school — as a Thiel Fellow, he won’t attend college — Matus’ day-to-day is all drone all the time. This makes him happy. Drones still give him an immense sense of comfort. When I ask him what he does to relax, his answer is immediate: Viewing the world through a drone’s point of view, via goggles that project footage from the aircraft’s camera.

When you slide them on, he explains, “it’s essentially like you’re sitting in a movie theater and the screen is right in front of you and you can see exactly what the drone see.” His voice, level until now, becomes more animated. “You can fly two miles away if you want. You can roll and flip and fly through clouds. It can be an out of body experience. You fly around yourself and you see yourself standing there — it’s like Inception.”

Related: Startup Lessons From a First-Time Entrepreneur Who Raised $25 Million

Based on this response, it’s easy to see why Matus believes that in the future, most people will own drones, just like most people own smartphones. Drones bring him so much joy — why wouldn’t everyone want one? And the appeal will only increase as unmanned aircrafts become smaller, more powerful and easy to use, he says. Five, 10 years from now, he predicts every soccer mom will own a drone, enabling hoards of parents to capture their kids’ progression up and down the field and monitor their homes at night. Drones will serve as personalized videographers and security guards. More generally, as Matus writes in the company’s press release, they’ll help “us do our work more easily and live our lives better.”

Demand for consumer drones is indeed growing — The Federal Aviation Administration predicts the number of units sold annually will more than double by 2020, up from 1.9 billion to 4.3 billion — but not all Americans share this mindset. The devices are already raising privacy and safety concerns, and the thought of a near-reality where New Yorkers moves through the city accompanied by their own, tiny buzzing aircraft makes me shiver. And while the rules governing consumer drone use are relatively lax — recreational drones under 55 pounds are fine as long as they’re registered, fly under 400 feet, steer clear of airports, stadiums and, somewhat vaguely, “groups of people” — it’s possible the FAA will tighten the regulations as UAVs become more widespread.

But for Matus a drone’s appeal, one he believes extends from developers, to racers, to average consumers , is too obvious for these concerns to carry much weight. His company grew out of his desire to build his dream drone; the ultimate goal, he says, is for more people to discover the beauty of flight. When I ask him to choose a high-point from the last 12 months, he doesn’t describe closing his seed round or winning the Thiel Fellowship. Instead, he recounts a quiet, overcast afternoon spent with his drone. “The clouds were super low, and I went up close to the base of the mountains and was actually flying through the clouds, down the cliffs,” he says. “It was serene. You could see the details of the clouds as I was flying through them — it was amazing.”

About the Author
By Laura Entis
See full bioRight Arrow Button Icon

Latest in

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • Future 50
  • World’s Most Admired Companies
  • See All Rankings
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Fortune
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Fortune
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in

In the age of AI anxiety, the 100 Best Companies to Work For are betting on their people
NewslettersCEO Daily
In the age of AI anxiety, the 100 Best Companies to Work For are betting on their people
By Diane BradyApril 2, 2026
2 minutes ago
Gen Z fled San Francisco for Texas and Florida. Now they’re turning ‘welcomer cities’ into the next big tech towns
Real EstateGen Z
Gen Z fled San Francisco for Texas and Florida. Now they’re turning ‘welcomer cities’ into the next big tech towns
By Sydney LakeApril 2, 2026
42 minutes ago
The tax escape map: Billionaires are bolting for Florida from the West Coast and taking billions in tax revenue with them
Real EstateBillionaires
The tax escape map: Billionaires are bolting for Florida from the West Coast and taking billions in tax revenue with them
By Marco Quiroz-GutierrezApril 2, 2026
1 hour ago
Current ARM mortgage rates report for April 2, 2026
Personal FinanceReal Estate
Current ARM mortgage rates report for April 2, 2026
By Glen Luke FlanaganApril 2, 2026
1 hour ago
Current refi mortgage rates report for April 2, 2026
Personal FinanceReal Estate
Current refi mortgage rates report for April 2, 2026
By Glen Luke FlanaganApril 2, 2026
1 hour ago
Mortgage rates today, April 2, 2026
Personal Financemortgages
Mortgage rates today, April 2, 2026
By Glen Luke FlanaganApril 2, 2026
1 hour ago

Most Popular

Two-thirds of parents say their adult Gen Z kids still rely on them financially  for support—even though it's putting them under strain
Success
Two-thirds of parents say their adult Gen Z kids still rely on them financially  for support—even though it's putting them under strain
By Fortune EditorsMarch 31, 2026
2 days ago
Jerome Powell says the $39 trillion national debt is ‘not unsustainable,’ but warns the trajectory ‘will not end well’
Economy
Jerome Powell says the $39 trillion national debt is ‘not unsustainable,’ but warns the trajectory ‘will not end well’
By Fortune EditorsMarch 30, 2026
2 days ago
Current price of gold as of April 1, 2026
Personal Finance
Current price of gold as of April 1, 2026
By Fortune EditorsApril 1, 2026
19 hours ago
Current price of oil as of April 1, 2026
Personal Finance
Current price of oil as of April 1, 2026
By Fortune EditorsApril 1, 2026
20 hours ago
A man used AI to call 3,000 Irish bartenders to track the cost of Guinness. Now pubs are lowering their prices to compete
AI
A man used AI to call 3,000 Irish bartenders to track the cost of Guinness. Now pubs are lowering their prices to compete
By Fortune EditorsMarch 30, 2026
3 days ago
Hiring just hit a level not seen since the economy was ‘closed down literally’ during COVID, top economist says
Economy
Hiring just hit a level not seen since the economy was ‘closed down literally’ during COVID, top economist says
By Fortune EditorsMarch 31, 2026
2 days ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.