Tamayo: Scollar secured early $50,000 loan from California lender Working Solutions
Lisa Tamayo · EP 566: Scollar Founder Sold Company to AutoDesk in 08 Now Making $99 Smart Pet Collar with CEO Lisa Tamayo · Feb 10, 2017 · at 11:40
Lisa Tamayo, founder and CEO of smart pet collar company Scollar, explains non-dilutive microloan options used to capitalize the company.
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“We had working solutions, which is out here in California, working solutions. They gave us an early 50,000 dollar loan.”
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More from Lisa Tamayo
Tamayo: Scollar partnered with Spanner, the original Fitbit engineering team
“In fact, Nathan the Fitbit engineering team spanner is partnered with us on this particular product, the scholar mini.”
Tamayo: Hardware requires more caution because rapid iteration is too expensive
“Hardware is different than software. You know, it's more expensive. You can't, you know test and build and test and build. The software, the same way that you do with hardware, it's just more expensive. So you have to be much more careful with it.”
Tamayo: Scollar smart collar bill of materials costs $45 to $50
“Right now the bomb is about 45 to 50 depending on the different components.”
Tamayo: Scollar is launching its Kickstarter campaign on January 24
“In fact, we're getting ready to launch our Kickstarter campaign on January, 24th.”