Hardware Podcasts

124: Raising $1 Million for a Hardware Startup

Product Startup · 27 Apr 2022 · 37m

What this episode covers

Ryan Lewendon, Co-Founder and Partner at Giannuzzi Lewendon LLP, explains how hardware startups can successfully raise their first million-dollar funding round. He emphasizes the importance of distinguishing between a single profitability-focused round and a multi-round scaling strategy, advising founders to choose investors who understand the industry and structure deals using SAFE agreements or convertible notes to preserve equity. Lewendon also details how to execute on these funds by building human capital to fill operational weaknesses, securing supply chain agreements, and protecting intellectual property to create a competitive moat.

Most relevant to

early-stage companies

Topics

Mentioned

Companies
Giannuzzi Lewendon LLP, Oatley, Vital Proteins
Products
Vitamin Water, Smart Water, BodyArmor, Fever Tree
Also
SAFE, Convertible Note

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