The Ledger
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Migicovsky: Early hardware startups cannot pay contractors enough to care like founders
“Some of the most painful moments of my early career were, ah, not having full-time co-founders, and having to work with contractors or consultants who, honestly, like, you can't pay someone enough to care. I mean, firstly because you probably don't have that m…”
Migicovsky: Pebble might have succeeded by operating as a frugal, hits-driven business
“I don't think we ever Reached escape velocity to a hit with any of our later products, and I think if we had built a more frugal organization, if we were able to build products cheaper, and then launch them and test to see if they were successful, and if they …”
Migicovsky: Pebble spent its entire post-YC $250k funding round on inventory
“We raised a bit of money about 250,000 dollars including this kind of large check that we got from, ah, one investor. And I took all that money and invested in inventory, because I thought at the time the biggest constraint on us growing was we didn't have a r…”
Migicovsky: Pebble sold around 1,500 watches before launching Kickstarter
“Most people don't know this, but when we launched our Kickstarter campaign, we had already made and sold around 1500 of our first watch.”
Eric Migicovsky pitched Pebble at CES in coffee shops without a booth
“I remember that when I was working on Pebble we actually went to CES, which is this large consumer electronics show in Vegas. We didn't have a booth. We just went in gorilla style. We just like randomly started setting up in setting up meetings with potential …”
Migicovsky: Pebble Recruited Seven College Friends in Days Post-Kickstarter
“Right after we kind of hit on Kickstarter, we were only two people at the company. Two full-time people and two interns, and so we had, like, nobody, and all of a sudden we needed to hire people, and we could have spent, you know, three to six months hiring a …”
Migicovsky: Seven of Pebble's first 10 watches broke apart during shipping
“We screwed up everything you could possibly screw up. In the first 10 watches we had a lot of problems, but we had a problem with RF. We couldn't get the signal out of the watch, because it's like a Faraday cage sitting on your wrist. And so we said, well, may…”