Ep. 23 - Making Money with Open Source Hardware
Stephen Oz and Lucian Chea of Opulo discuss various business models for open source hardware, contrasting the high costs of physical production with software. They explore revenue streams including selling assembled units or kits, crowdfunding via Kickstarter and Crowd Supply, and raising capital through SAFE notes or venture capital. The hosts also detail alternative monetization strategies such as licensing designs to manufacturers, selling affiliate links for bill-of-materials components, and securing government grants like the NSF POSE grant.