The news about Logitech’s acquisition of TT Design Labs, a two-member startup that originated on the crowd -funding Kickstarter program, is generating feel-good vibes in the design and engineering community today.
TT Design Labs was founded by Zahra Tashakorinia and Derek Tarnow, two designers who developed TidyTilt — a little magnetic device which serves as an iPhone stand, mount and earbud-cord organizer.
The two entrepreneurs launched the company through Kickstarter, a requirement for their school project at the Institute of Design in Chicago. They had never designed a product for sale to the public nor launched a business. Kickstarter, a private for-profit company, provided them tools to raise capital. By early 2012, the pair had more than $223,000 from would-be customers who voted with their wallets via their Kickstarter campaign for TidyTilt.
Companies are looking at Kickstarter as a place to recruit talent. VCs are looking for companies to invest in. It will be interesting to see if Kickstarters will start more stand-alone companies or will it acquihires and VC investments for successful Kickstaters.
Have an amazing project to share? Join the SHOW-AND-TELL every Wednesday night at 7:30pm ET on Google+ Hangouts.
Join us every Wednesday night at 8pm ET for Ask an Engineer!
Learn resistor values with Mho’s Resistance or get the best electronics calculator for engineers “Circuit Playground” – Adafruit’s Apps!
Maker Business — TechShop is closed, files bankruptcy
Wearables — Get concrete solutions
Electronics — Are you grounded?
Biohacking — Learning to See with Sound
No comments yet.
Sorry, the comment form is closed at this time.