Bootstrapping a Hardware Startup – different than a bootstraped software startup

Oct 19, 2017 · Austin, United States of America

Building a hardware startup has long been referred to as “HARD”.

That’s not because it is a hardware product, it’s because there are many point in the initial progress of the company that can cause failure. It is also that you don’t become a real company until you are shipping the product. And you will spend a lot of money to get there.
Come learn about the biggest issues and how to avoid them.

Some of what you will learn is:

Where does the money come from, the blunt reality!

What is your MVP (minimum valuable product), it is different for every product. And no formula or system will prove it, you have to trust your gut. Do you realy want to do the minimum?

When is it time to build a prototype, is the initial design done? Are you on the 4th or 5th try and you think you need one more.

Feature Creep, the killer of getting to market, and maybe the death of the company.

Investors are still banks; they want their money back and more. PLUS they think they own the whole company.

Don’t sell your product till you have the final design and know what you are going to manufacture.

Don’t buy tee shirts! You have to show up to find the answer.

Speaker

Drew Vigen

Multi disciplined in electrical engineering for both high voltage building structures to electronic/embedded circuit design. Diverse background started in engineering, to electrical contracting to electronics manufacturing, to systems contracting and then back again to electronics manufacturing.

Event organizers
  • Austin Hardware Startup Meetup

    We're a group for all things hardware startups. The purpose of this group is to bring together folks interested in building businesses around physical technology products - to grow the Austin hardware community, raise awareness of hardware startups and resources, and learn from each other and those who have done it before. We meet monthly at Capital Factory on 3rd Thursdays at 6:30pm. The format of the meetup usually has a featured speaker accompanied by hardware startup demos or pitches about anything har

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