Crowdfunding Consultants for Hardware Startups

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By Joshua Brustein, Crowdfunding sites such as Kickstarter and Indiegogo have changed how hardware entrepreneurs raise money. Since Kickstarter’s 2009 debut, donors there have pledged $90 million to 3,087 tech projects. But cash in hand doesn’t guarantee a successful product launch. Pebble, which raised more than $10 million on Kickstarter for its smartwatch, began to ship watches to stores before some donors got theirs, causing a minor furor. Max Gunawan, whose shapable lamp, Lumio, has sold a few thousand copies, says, “There are so many times when I feel like I’m going to fail because I’m all alone.” He’s raised about $600,000 on Kickstarter.

Companies such as HWTrek and Dragon Innovation, which has advised Pebble, say crowdfunding in isolation is foolish. They’re hawking design and production advice as a package along with crowdfunding. Whichever crowdfunder they choose, hardware startups need to think more about next steps before asking for cash, says Cyril Ebersweiler, founder of Shenzhen-based accelerator Haxlr8r. “Being ready to deliver pre-Kickstarter is becoming more critical,” says Ebersweiler, who takes a 6 percent stake in clients in exchange for help navigating Chinese manufacturing.


ForbesHow Crowdfunding Can Supercharge Your Campaign In 2016ForbesThey say that there are about 7.45 billion people living in this world right now. Imagine that if you could get each of these seven-and-a-half billion people to contribute one cent to your project, well, you know what I [...]

How Crowdfunding Has Changed the Startup Game - Singularity HUBSingularity HubThe development of innovative technology — from virtual reality headsets to space exploration to solar-powered roadways — is no longer the province of ...and more » [...]

Crowdfund InsiderWhen It Comes to Retail Crowdfunding, SAFEty FirstCrowdfund InsiderOn September 22nd, Crowdfund Insider published a post summarizing the arguments presented in our new essay entitled “Crowdfunding and the Not-So-Safe SAFE“ (forthcoming in Virginia Law Review Online). [...]

The GuardianCrowdfunding: the new buzzword for academics needing research moneyThe GuardianArchaeologist Dr David Petts, from Durham University, has also used crowdfunding, raising almost £25,000 to fund a project on Lindisfarne, off the Northumberland coast. The dig, in June, led to [...]

The Daily DotHey buckaroos, Chuck Tingle and Zoe Quinn are crowdfunding a ...The Daily DotErotic ebook legend Chuck Tingle and game developer Zoe Quinn are almost ready to unleash the biggest tingler of them all. The two have teamed up for a full ...and more » [...]

Bitcoinist.netVulture Capital Hits Crowdfunding Minimum for 'Listen Carefully'Bitcoinist.netHowever, in light of achieving its minimum crowdfunding goal, Hedley Productions has decided to move up the start date for Listen Carefully's filming from its late 2017 estimate [...]

“Beyond the Void” Announces New Crowdfunding VenturenewsBTCRTS-MOBA (multiplayer online battle arena) game Beyond the Void has joined forces with crowdfunding platform OpenLedger to build a new funding series for what is being touted as the “world's first MOBA game ICO.” The crow [...]

ThinkAdvisorSEC Approves Intrastate Crowdfunding RulesThinkAdvisorAs SEC Chairwoman Mary Jo White explained in her Wednesday remarks, the agency over the last few years has adopted “several important” new rules to facilitate capital raising by smaller issuers, including new provisions [...]

BloombergCouples Desperate For Children Turn to Crowdfunding FertilityBloombergCrowdfunding has become a popular mechanism for many couples who can't afford the high costs of IVF, or adoption and surrogacy. “It's not an easy thing to share publicly,” says Crystal Barrett, 33 [...]

CNNMoneyDorothy's fading red slippers saved by $300000 in crowdfundingCNNMoneyThe ruby red slippers worn by Judy Garland in the beloved 1939 film "The Wizard of Oz" are set to undergo a major conservation effort following a successful crowdfunding campaign. The Smithson [...]

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