Hardware Podcasts

175: Raising Hardware Funding via an Angel Investor

Product Startup · 11 May 2023 · 20m

What this episode covers

Larry Richenstein, CEO of WePower Technologies and a New York Angels Network investor, explains that hardware angel investors require a working prototype to de-risk investments, as ideas alone are insufficient. He advises founders to find hardware-specific investors, integrate software elements for recurring revenue, and use crowdfunding to validate niche markets and avoid premature equity dilution. Richenstein also details his own venture, WePower Technologies, which develops energy-harvesting technology called GEMs to eliminate batteries in IoT devices.

Most relevant to

early-stage companies

Topics

Mentioned

Companies
WePower Technologies, Mako Design + Invent, Lone Star, Unwired
Products
GEMs
Also
New York Angels

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