Let’s face it. We’re all getting tired of backing a cool hardware crowdfunding project, only to receive our actual piece of hardware more than a year later, if we ever receive it at all. That’s not the way it’s supposed to work. So then why do hardware startups today have such a hard time manufacturing and shipping their product today? The Hardware Industry Has a Problem Whenever you receive your crowdfunded project late, it most likely wasn’t the company’s fault. The hardware industry is broken. With prototyping, licensing, sourcing materials, finding a manufacturer that will accept your order quantity, creating
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There are a lot of traps that you can fall into while building a hardware company. Especially if you decide to go the crowdfunding route. With all of the recent campaigns that have successfully raised a large amount of money, only to crash and burn and not be able to ship their product, there are some things that you should know so you can avoid making the same mistakes that they did. In this post, we’re going to look into the drone company ZANO, who raised over $3 Million on Kickstarter only to never ship their final product. They made