The Zano mini-drone, Europe’s biggest Kickstarter, shut down after receiving $3.4 million from more than 12,000 backers. The company behind the Lily camera drone, for example, raised $15 million in funding and received $34 million in pre-orders, but over promised on both features and ship-date estimates, ultimately leading to the company closing operations. Related: The 10 Costs You'll Pay to Bring Your Hardware Product to Marketīecause of this, it’s easy for hardware startups to fail. Hardware development requires extended periods of research and development - which, most importantly, calls for significant upfront investment to have the chance to experiment with something new and leave room for error. From idea, to proof-of-concept, to functional prototype, to public launch, to production and ongoing support, every step of the way has its own pitfalls. ![]() ![]() It’s no secret that creating new hardware products is hard.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |