Hardware is Hard — 5 Practical Tips For Startups To Raise Successfully

You had a great idea. You built a great team. You know that hardware is a significant part of the product but also provides defensibility. Then why are you still hearing too many polite declines from potential investors? Here are five practical tips to cross this fundraising chasm. 1) Your Weakness Is Your Strength Most VCs shy away from hardware because it is harder to scale: i) you have to manufacture ii) you have to distribute iii) you have to get it quite right the first time unlike software where it is much easier to push a fix or update…...