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Atmrix

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EM

Eric Migicovsky

10/13/18

@ Y Combinator

Crowdfunding can be useful at the early stage to raise funds for a working prototype, especially for hardware engineers with limited resources.

Video

YC

A Conversation on Hard Tech with Eric Migicovsky

@ Y Combinator

A Conversation on Hard Tech with Eric Migicovsky

10/13/18

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

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.

YC

Y Combinator Cast

01/27/22

@ Y Combinator

Raising money through crowdfunding can lead to negative public perception if a product fails to deliver, making it a risky strategy for hardware companies.

GM

Gaurav Misra

03/27/25

@ Lenny's Podcast

Prototyping allows for rapid testing and feedback, which is crucial for understanding product dynamics before scaling with engineering resources.

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.

EM

Eric Migicovsky

10/13/18

@ Y Combinator

When starting a hardware project, find an off-the-shelf product that closely resembles what you want to build to save time and resources during prototyping.

MK

Mike Krieger

03/26/25

@ EO

Prototyping is crucial; instead of spending months on a project before showing it to anyone, build prototypes and share them throughout the design process to gather feedback early.

EM

Eric Migicovsky

10/13/18

@ Y Combinator

For hardware projects, consider starting with software solutions to validate ideas before investing in physical products.

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.