November 23rd

November. Dear diary.

I had a morning session with HAX partner. Summary

Hardware rush started three years ago

hardware innovation has not kept up with software innovation

Valuations:

firbi 5.7

dji10B

mi 46B

go-pro

software ecosystem vs technical discovery landscape: boston robotics- right upper corner, mi - left down corner. The rest is sweet spot for accelerators - firbit, parrot, oculus, nest, square

If you are not doing something unique you will be commoditized (xiao-ized)

- you have to have technology or other killer advantage

- technology underneath the product is important

audio - kokoon

CE - print

smarthome - yeelink

pet tech - petronics

beauty - nail machine

Robots:

Make block

opentrons

scanning shelf - simbe

shirt printing - My idea

50% are repeat backers on kickstarter

recurring revenue is important

My thoughts:

Honest toy- cubelet, sphero, lego, frozen. User engagement study on girl robotics

Snakes, material that really moves.

Main obstacles - price, make block doing really well. you kickstart 1000 units, sell another 1000 in your shop.

Secret toy - if you code it right, it open up