Montgomery: Perks-based crowdfunding fits hardware and games better than equity
Josh Montgomery · 1164 Want Your Own Alexa, Without Amazon Influence? Mycroft Raises $8m For Opensource Voice Stack · Oct 1, 2018 · at 17:32
Josh Montgomery, founder of Mycroft, compares the dynamics of rewards-based and equity-based crowdfunding.
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“If you're building a hardware product or a video game, I think that perks based crowdfunding is probably a better fit because it does have a much, much broader audience.”
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“In the voice market, it's not the first inning of the game. It is literally the first at bat. This technology is so early. It You could think of voice technology like computer technology in the late 19 seventies.”
Montgomery: Mycroft actively discourages general consumers from using its product
“We actively discourage general consumers from adopting our technology today. That'll change next year.”
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“For example, we found full-time employees at Cisco systems that are spending their entire day working on the Mycroft stack so that they can bring that technology into the parent company.”
Montgomery: Major Open Source Communities Thrive on Corporate-Paid Full-Time Developers
“And that's really how the bigger open source communities thrive is with full-time developers who are paid by whatever XYZ corporation to develop the technology going forward.”
Montgomery: Mycroft Targets Any Business Competing with Apple, Amazon, or Google
“So we want our target is any business that views Apple, Amazon, and Google as a potential competitor. And given that Google's making self-driving cars and Amazon is launching spaceships, that's a really broad category of businesses.”