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Hardware Startups The Big Picture and Lessons Learned Greg Fisher Founder, BSG www.linkedin.com/in/ gregfisher

How to Run a Hardware Startup

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Page 1: How to Run a Hardware Startup

Hardware StartupsThe Big Picture and Lessons Learned

Greg Fisher Founder, BSG

www.linkedin.com/in/gregfisher

Page 2: How to Run a Hardware Startup

Hardware Startup =A startup whose aim is to take a

physical product to full scale production

Page 3: How to Run a Hardware Startup

Turnkey Manufacturing in China

for Hardware Startupswww.berkeleysg.com

Page 4: How to Run a Hardware Startup

Act as your Chief Operating Officer

www.berkeleysg.com

Page 5: How to Run a Hardware Startup

From DFM to Qualified Product

shipped to your Warehousewww.berkeleysg.com

Page 6: How to Run a Hardware Startup

Worked with 700+ Startups

www.berkeleysg.com

Page 7: How to Run a Hardware Startup

www.berkeleysg.com

Building a Global Hardware Community

Page 8: How to Run a Hardware Startup

www.berkeleysg.com

State of the Market

Page 9: How to Run a Hardware Startup

Global Leader InterestPresident Obama held the firstever White House Maker Faire in 2014

He aims to:

• Help makers launch new business to create jobs

• Expand the number of students to have opportunity to become makers

• Challenge Makers to tackle our most pressing problems

Page 10: How to Run a Hardware Startup

Global Leader Interest

Premier Li Keqiang of China visiting A maker space in Shenzen

He stressed the importance of Innovation on the development of theChinese Economy

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Major Players in HardwareIntel and Apple have been making big plays recently

in the Hardware and Wearable Tech Space

• Acquired Basis Science • Collaborated with with Opening

Ceremony and Fossil on multiple wearable devices

• Launched Curie its Wearable Platform

• Acquired Beats for $3 Billion

• Recently launched the Apple Watch

Page 12: How to Run a Hardware Startup

Hardware is a Growing Market Global Wearable's Revenue & Forecast ($bn)

Page 13: How to Run a Hardware Startup

Crowdfunding SpotlightCrowdfunding Dollars Raised Q1 2015

Page 14: How to Run a Hardware Startup

Crowdfunding Spotlight

Coolest Cooler raised $11 Million on Kickstarter

Prynt Case raised $1 Million on Kickstarter

Page 15: How to Run a Hardware Startup

www.berkeleysg.com

Hardware is Hard

Page 16: How to Run a Hardware Startup

Hardware is Hard

First, there is

IDEATION

Page 17: How to Run a Hardware Startup

Hardware is HardDesign

Engineering Prototyping

Funding Market Validation

ToolingManufacturingQuality Control

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Hardware is HardPackaging

SafetyDurability

Intellectual Property Certifications

ShippingFulfillmentBranding

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Hardware is HardDistribution

Retail

Customer Service

Returns

Page 20: How to Run a Hardware Startup

www.berkeleysg.com

The Bigger Picture

Page 21: How to Run a Hardware Startup

“Rework or redo only, there is no try”

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Hardware Startup SuccessMarketing

Design Funding

Manufacturing

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Build the Right Team

Page 24: How to Run a Hardware Startup

www.berkeleysg.com

Tools and Resources

Page 25: How to Run a Hardware Startup

Events for Hardware Startups

www.meetup.com/East-Bay-Hardware-Startup/

http://solidcon.com/internet-of-things-2015 http://www.hardwarecon.com/

Page 26: How to Run a Hardware Startup

Events for Hardware Startups

http://makercon.com/

www.wearableworld.com http://techcrunch.com/events/disrupt-sf-2015/

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Online Communities

www.hardwaremassive.com www.hf.cx

www.hacketser.iowww.hackaday.com

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Incubators and Accelerators

www.highway1.io

www.lemnoslabs.com www.haxlr8r.com

www.tandemcapital.com

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Crowdfunding

www.indiegogo.com

www.angelist.com www.kickstarter.com

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Distribution Channels

www.globalsourcesdirect.com

www.trycelery.com

www.tindie.com

www.grandst.com

Page 31: How to Run a Hardware Startup

www.shipwire.com

Fulfillment Houses

www.amazon.com/fulfillment

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www.berkeleysg.com

Hardware is Getting Easier

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The Bottle

Be Ready to Pivot

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Throw Motion

Complex ProductsTake Time

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Tappur Drumpants

Be prepared for manufacturing

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Modify Watches

Consider customizationAnd B2B

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Niche marketsAre great for startups

Brite Tap

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www.berkeleysg.com

The Hardware Revolution is Happening

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Hardware Massive

www.hardwaremassive.comSign up at

 Hardware Massive is an exciting new platform that allows everyone in the

hardware ecosystem to meet, learn and collaborate at events all around the world. Find a chapter near you on our chapters map or apply to start a chapter.

Page 40: How to Run a Hardware Startup

Thank You!Connect with me

Greg Fisherwww.linkedin.com/in/gregfisherbsg

Twitter: @berkeleysg