Hardware Podcasts

065: Hardware Funding from Seed Financing to Millions

Product Startup · 2 Mar 2021 · 54m

What this episode covers

Jeffery Potvin, founder of the Open People Network (OPN), explains the hardware funding lifecycle from pre-seed to Series C, emphasizing that investors require tangible products rather than just ideas. He details how founders should de-risk ventures by securing domain-expert angel investors, utilizing crowdfunding platforms like Kickstarter and Indiegogo, and leveraging government matching funds to validate market demand before seeking venture capital. Potvin highlights specific case studies, including Rise (formerly Access) and Jamstack, illustrating how strategic use of debt financing, Regulation A+ offerings, and iterative product phases (from 500 to 50,000+ units) enables rapid scaling and successful Series A/B rounds.

Most relevant to

early-stage companies and companies scaling up

Topics

Mentioned

Companies
Open People Network, Flow Water
Products
Kickstarter, Indiegogo, Rise, Jamstack

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