Crowdfunding is not free cash
The most common misconception I hear from founders: "We will launch on Kickstarter and the backers will come."
Hardware is the CAC. Subscription is the Profit
Most hardware founders think subscriptions are an "ownership tax" that customers hate. They're right to worry,
This will kill your hardware startup
You just launched your consumer product, and everything looks great. Sales are growing, CAC is decreasing, and you just wired
Build in China
If I were a hardware founder building a new electronics product today, in what country would I start mass production?
Why contracting Foxconn will destroy your startup
The size of your key suppliers is crucial for your hardware startup. Suppliers of the wrong size will literally kill
I do not offer discounts
Discounts are bad. Mostly. Here’s why.
First, discounts create a habit in your customers to delay the next purchase