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NP

Nirav Patel

05/20/25

@ EO

For consumer hardware startups, having a critical fundraising roadmap is essential to reach escape velocity and ensure long-term success.

Video

E

From Apple to Oculus-Now Taking On Consumer Hardware | Nirav Patel, Framework

@ EO

From Apple to Oculus-Now Taking On Consumer Hardware | Nirav Patel, Framework

05/20/25

Related Takeaways

YC

Y Combinator Cast

01/27/22

@ Y Combinator

Crowdfunding can create significant challenges for hardware startups, as many founders lack a clear understanding of costs and timelines, leading to unmet expectations.

YC

Y Combinator Cast

04/12/24

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To fund hardware companies, it's essential to secure customer purchase orders and not rely solely on venture capital funding.

JF

Jared Friedman

09/20/19

@ Y Combinator

Most hard-tech companies will need to raise money from investors, so it's crucial to develop a smart fundraising plan that breaks down the total amount needed into smaller, achievable milestones.

YC

Y Combinator Cast

04/12/24

@ Y Combinator

Unlike software companies, hard tech founders often have a concrete vision of the future that they need to prove before running out of resources.

YC

Y Combinator Cast

04/12/24

@ Y Combinator

Hard tech founders must build a financial viability plan and demonstrate they can achieve technical milestones, even on a smaller scale.

GF

Gregg Favalora

06/12/13

@ Harvard Innovation Labs

It's essential to understand at least one market where real customers will pay for your product, and you need more funding than you initially think, especially for hardware development.

JF

Jared Friedman

09/20/19

@ Y Combinator

Successful hard-tech founders focus on minimizing the size of each fundraising step, making it easier to achieve milestones necessary for raising the next round of funding.

YC

Y Combinator Cast

01/27/22

@ Y Combinator

The best practice for hardware startups is to launch crowdfunding campaigns only after they have developed and tested their product, to avoid creating a negative reputation.

GF

Gregg Favalora

06/12/13

@ Harvard Innovation Labs

Many startups fail because they don't adequately map out the flow of money in their target market, which is essential for securing funding and sustaining operations.