This webcast will discuss how it's possible to start an open hardware business in the US completely by bootstrapping and crowdfunding and postpone (or avoid the need altogether) outside investment. We'll discuss our own experience from multiple crowdfunding campaigns - and how through using in-house manufacturing we were able to achieve profitability in a matter of a few years.
We will cover:
How to use crowdfunding to launch a business, and not go broke in the process
Understand the true costs of your product and how to budget for manufacturing, and set the price for your product
How it's possible to manufacture domestically and still compete in a global market
How you can have much better control over your costs with in-house manufacturing
Pitfalls associated with manufacturing (in-house manufacturing is not for the faint of heart)
How to manage cash flow in a small startup hardware business
How to sell products after your crowdfunding campaign is over
About Ken Burns
Ken is the Founder and President of TinyCircuits which started as a side project in a spare bedroom of his house in 2011. He oversees the ovarial operations of the company (occasionally) still gets to do some engineering.
Ken as 15+ years in electronic product development and management, and is a 1998 graduate of the University of Akron with a BSEE and MSEE.
