Building Hardware Startups From Zero To IPO
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The document discusses the journey of hardware startups from prototype to IPO, highlighting the challenges and timelines involved, often averaging over eight years. It emphasizes the advantages of modern tools, crowdfunding, and strategic acceleration programs like those offered by HAX in Shenzhen, which facilitates faster market entry. The text also critiques traditional funding methods in Silicon Valley and argues that startups can thrive outside of it with the right resources and partnerships.
Building Hardware Startups From Zero To IPO
- 1. IPO Benjamin Joffe HOW HARDWARE STARTUPS GO FROM PROTOTYPE TO IPO ZEROto with the HAX TEAM
- 3. $300M Under Management #2 Global Seed Investor >500 Startups Portfolio HARDWARE BIOTECH SOCIAL/MOBILE Most active early stage VC #1 in hardware #1 life sciences #1 in female-lead startups
- 5. MASSIVE IMPACT ON THE PHYSICAL WORLD AND THE HUMAN BODY
- 8. BEFORE
- 9. FITBIT : 8 YEARS GOPRO: 12 YEARS >8YEARSTOIPO
- 11. 1 2 3 4 5 6 7 8 YEARSOFDANGER TECH FUNDING FOUNDERS COMPETITORS TIMING COSTS DISTRIBUTION
- 12. TOO SLOW, TOO EXPENSIVE, TOO SILICON VALLEY? $10M+$20M Kickstarter + $15M VC Fire Sale PEBBLE
- 13. $15M VC + $34M pre-orders TOO SLOW, TOO EXPENSIVE, TOO SILICON VALLEY? Now Bankrupt LILY
- 15. First R&D (Japan) (not for sale) 1986 Segway (USA) $5,000 2001 Ninebot (China) $330 2016 30YEARSFROMLABTOMASSMARKET
- 19. HOW?
- 22. FULL-STACK ACCELERATOR Today Incorporation Market fit Production Launch Distribution Growth Financing Liquidity VERTICAL ACCELERATORS 2010 Incorporation Market fit Production Launch ACCELERATORS 2005 Incorporation Market fit INCUBATORS 2000 Incorporation MULTI-STAGE ACCELERATION
- 23. SEED GROWTH O TO 1 1 TO N SHENZHEN PrototypetoLaunch SANFRANCISCO ProducttoScale
- 25. “It's easier to start a company outside the Valley than in it” Sergey Brin, Google
- 26. EXPENSIVE NO SUPPLY CHAIN LOW FACTORY KNOW-HOW FEW HARDWARE INVESTORS THEPROBLEMINSILICONVALLEY
- 28. Shenzhen, The Silicon Valley For Hardware A WEEK IN SHENZHEN IS LIKE A MONTH ANYWHERE ELSE
- 29. MEETTRAINERBOT
- 30. PINGPONGROBOT
- 31. TEAM 10 INVESTMENT $5,000,000 0 TO SHIP 4 YEARS WHATDOYOUNEED?
- 33. WHATITTOOK TEAM 10 TEAM 2 INVESTMENT $2,000,000 0 TO SHIP 4 YEARS INVESTMENT $100,000 0 TO SHIP 18 MONTHS CROWDFUNDING $250,000
- 35. 3MONTHSPRIOR
- 36. MADE FROM ILLINOIS “Cheaper than China” FARFROMTHEVALLEY
- 38. 3 MONTHS IN SHENZHENMEETVOLTERA
- 39. “We saved a year of burn and time-to-market” Nils Mattisson Ex-Apple Founder, MINUT
- 42. HOWABOUTFUNDING?
- 44. >80 CAMPAIGNS 11 IN WORLD’S TOP 100 #1 INVESTOR IN CROWDFUNDED HARDWARE
- 48. (B2Bisstillhard)
- 50. MEETOCTOPUSWATCH
- 54. ABETTEROPTION? VC MONEY IS EXPENSIVE BANKS ILL EQUIPPED PUBLIC DEMAND
- 56. >$10M IN SALES NYSE / TSX / OTHER RTO / REG A+ / DIRECT LISTING IPO=FINANCING≠EXIT