Assertion certainty 4/5 debate potential 1/5

Mattisson: 7% of Minut Kickstarter video viewers bought the device

Nils Mattisson · From Apple to Raising $250k on Kickstarter For His New Hardware Company with Nils Mattison EP 230 · Apr 12, 2016 · at 7:53

Nils Mattisson, co-founder of smart home sensor company Minut, discusses their Kickstarter campaign performance and early demand validation.

0:00 / 0:04exact quote · 4.8s
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“About seven percent of the people who watched the video ended up purchasing the product.”

quote is from the automated transcript, cleaned for reading: filler sounds and stutters are removed, nothing is rephrased. names can be misheard (the analysis reads context, assessments check outside sources). how →

More from Nils Mattisson

Assertion Supported
Mattisson: Minut analyzes data on-device and transmits only metadata to the cloud
“Like, we make sure to make all the analysis on the device and only pass the metadata to the cloud so that there's no privacy issues.”
Nils Mattisson Apr 12, 2016 ▶ 4:39 From Apple to Raising $250k on Kickstarter For His New Hardware Company with Nils Mattison EP 230
Insight
Mattisson: Consumer hardware target pricing is 4x manufacturing cost
“Typically in a consumer hardware product, you try to sell it for about four times what it costs to make it. And that's like a rule of thumb that we're following.”
Nils Mattisson Apr 12, 2016 ▶ 9:19 From Apple to Raising $250k on Kickstarter For His New Hardware Company with Nils Mattison EP 230
Opinion
Mattisson: The environment for angel and VC investing has worsened
“The general atmosphere for angel investing has become worse. And of course, VC is even more so like, I mean, they're trying to be really fast with following the market.”
Nils Mattisson Apr 12, 2016 ▶ 14:17 From Apple to Raising $250k on Kickstarter For His New Hardware Company with Nils Mattison EP 230
Insight
Mattisson: Correlating sound with air pressure changes reliably detects broken windows
“So if you just drop a water glass and it breaks, it might give off a similar kind of sound, but it won't change the air pressure, which a breaking window will. So when you have these things happening at the same time, you can be fairly certain that, that the w…”
Nils Mattisson Apr 12, 2016 ▶ 6:01 From Apple to Raising $250k on Kickstarter For His New Hardware Company with Nils Mattison EP 230
Assertion Partly supported
Mattisson: Minut raised $300k from angels and $250k on Kickstarter
“We've raised about 300,000 dollars from angels, and then the quarter million from Kickstarter, and that's up until about now, we're taking about 200 K in another debt round.”
Nils Mattisson Apr 12, 2016 ▶ 13:30 From Apple to Raising $250k on Kickstarter For His New Hardware Company with Nils Mattison EP 230
Disclosure
Mattisson: Visa restrictions forced me to return to Sweden to launch Minut
“And unfortunately I wasn't able to stay in the U S with my visa. So I basically had to leave and I moved back and started the company here.”
Nils Mattisson Apr 12, 2016 ▶ 3:29 From Apple to Raising $250k on Kickstarter For His New Hardware Company with Nils Mattison EP 230
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