The Hardware Revolution Will Be Crowdfunded

Matt Witheiler | VentureBeat | July 20, 2013

Just a quick look at any of the crowdfunding platforms shows that the concept of funding projects via the web is impacting a huge number of industries. Whether it’s film, print, music or philanthropy, crowdfunding has enabled consumer capital to flow into initiatives easier than ever before. Of all the categories being touched by crowdfunding, the concept has the largest potential to impact the nearly $800 billion consumer electronics space.

Why hardware + crowdfunding = success

I spent seven years in the hardware industry, first as an entrepreneur and later at a large technology company. It’s through this lens that the true impact of crowdfunding becomes clear to me.