Hardware Podcasts

178: Venture Capital Funding for Hardware Startups

Product Startup · 1 Jun 2023 · 20m

What this episode covers

Toph Day, CEO of Elevate Ventures, shares advice for hardware startups on navigating venture capital funding, emphasizing the importance of clean legal structures and avoiding complex SAFE agreements in favor of convertible notes. He discusses the necessity of building relationships with investors a year in advance and ensuring the firm invests in hard tech at the appropriate stage. Day also highlights the strategic value of partnerships over early hiring and the danger of feature creep, advocating for a 'narrow and deep' product focus to de-risk the development process.

Most relevant to

early-stage companies

Topics

Mentioned

Companies
Elevate Ventures, Mako Design + Invent, Under Armour, Fibu
Also
Rally

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