Do you want BuboFlash to help you learning these things? Or do you want to add or correct something? Click here to log in or create user.



After raising $375k (all amounts in USD) in seed funding from several high-profile Silicon Valley angel investors for an innovative e-paper display “Pebble” watch that enables users to interact with their Android or iOS device through a wrist interface, inventor-entrepreneur Eric Migicovsky required an additional $100k for tooling equipment to move from his pro- totype to a small production run. Despite having production experience with a previous watch he created for the Blackberry, experience raising seed capital, pedigree through his affiliation with a high-profile incubator (Y-Combinator), and being located in a region with a high concentration of angel investors, he could not find a willing backer. On April 11, 2012, he turned to crowdfunding, with the goal of raising capital in small amounts from many people through the Kickstarter online platform. He thus launched a campaign to raise $100k, promising contributors a watch for every $120 (approximately) they pledged. To his surprise, he raised the required capital in two hours. After 37 days, he closed his campaign, having raised more than $10M from 68,929 people and committed to producing 85,000 watches with expected delivery by September that year
If you want to change selection, open document below and click on "Move attachment"

pdf

owner: supersrdjan - (no access) - w19133.pdf, p3


Summary

statusnot read reprioritisations
last reprioritisation on suggested re-reading day
started reading on finished reading on

Details



Discussion

Do you want to join discussion? Click here to log in or create user.