All in + Entrepreneurship
Above anything, raising money through ICO instead of via VCs really put a question mark, IMHO, on the founders' ability to convince, which to me is the key quality of a good founder.
While I do not have any insider information, it seems to me that the company treated manufacturer just like that, a manufacturer. Usually if a company chooses an EMS partner properly and has honest and frank collaboration, this kind of surprise won't happen, let alone switching manufacturers.
However, in the case of banking, startups are NOT doing better than traditional banks.
AI startups that depend on users giving them data have a classical chicken-egg problem that most platform startups. e.g., e-commerce, sharing economy, etc, are faced with.
As 2017 kicked off for the Hardware Club as usual with a grand firework at CES in Las Vegas and a following week in Bay Area, we've done some heat check with our private network. Here are some thoughts for the investment trends in hardwares for 2017.
Unlike the lean-startup world where pure-play VCs dominate almost all early-stage investments, we have seen quite some corporate investors stepping into early stage investments in the hardware field. Usual suspects are large manufacturing firms such as Foxconn or Flextronics, as well as some consumer electronics brands.
I believe that a more complete hardware investment eco-system will take form in the next 2 to 3 years. However, before that happens, a hardware founder should, like any founder, really think carefully over all funding options. A dollar is never just a dollar. There could be a lot of good things and bad things coming with it.