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Introduction
Outline
What is a Hard Tech Company?
Market vs Technical risk
Why start a hard-tech company?
Story about Boom
Startup School
How much of YC's advice applies to hard-tech founders?
Two biggest problems specific to hard-tech
Heavy MVP
Boom - Do things that don't cost money
Solute
AirX - Launch a simplified version
Notable Labs - Bootstrap with a service
Astranis - Start with a proof of concept
Ginkgo Bioworks - Sell it before you make it
How do you prove people will want your product if it is not built yet?
Pre Sales
Advice about LOIs
Fundraising for Hard-tech and Biotech companies
A better fundraising plan
AI companies
Hard to get LOIs
How do you prove that your idea is going to work?
Find founder and early employees for Hard-tech companies
So $15,000 thousand dollars let you manufacture, was it the first 100 units?
What happens if I have to move my business to Mountain View? Its gonna interrupt my production process
Hardest part in the whole journey with Pebble?
But now that you've done it do you think it's possible now?
It's often people get really creative with no money but forget once raised money
Advise on right time to do crowdfunding campaign, is a real product required and should it align with the campaign?
In the first route, delivery of product within six months is unknown. Should I use crowdfunding platform only if I know I can deliver?
Sometimes there's a group (Facebook, Subreddits) before the early adopters on Kickstarter
What do you encourage startups accomplish by demo day?
Sales and talking to users gives more confidence that your on the right track
Advice to scientist in Ph.Ds. at school who want to make the jump and commercialize their product. What should they consider?
Q2 - Bunch of software engineers, we have an idea that includes software and hardware, how do we get started on the hardware?
Q7 - How do you do hiring, especially when you're scaling?
Q8 - For some project problems, they can be solved exclusively by software, how do you know when to involve hardware in it?
Q9 - How do we demo really complex product or how do we convey it to people?
Q10 - Why hardware companies need financing?