How Crowdfunded Hardware Makers Hit It Big In 2012
Lemnos Labs is featured in the WSJ:
“Crowdfunding pioneers Indiegogo and Kickstarter opened up their fundraising platforms in 2008 and 2009 respectively, but 2012 may be the first year that tech investors and entrepreneurs took crowdfunding very seriously. Hardware projects especially grew into full-fledged businesses after humble beginnings.
A San Francisco-based incubator for early-stage hardware startups, Lemnos Labs, reports that today a majority of its portfolio companies use crowdfunding to make money. More importantly, they use crowdfunding to see if there’s real demand for the products they’ve imagined and prototyped, says Lemnos founding partner Jeremy Conrad.”