I'm really intrigued by the concept of using crowdfunding for new product ideas. This method is a fresh and innovative way to generate venture capital for the development of new products during these challenging economic times. Hats off to Scanadu for using this technique so successfully.
Until very recently, almost all successful crowd funding camapigns were consumer electronics based. It was as if everyone in Silicon Valley was either starting a new company or giving money to help out their friends or both.
Things have expanded over the last few years. Start up denim companies have been funded with well over $500k. Movies are being produced (Veronica Mars fans rejoice!).
It follows the "Maker" trend. People want to be a part of something.
Fifty-six-year-old Pasquale Russo has been doing metalwork for more than 30 years in a tiny southern Italy village. Many craftsmen like him brought with them fabrication skills when they came from the Old World to America.
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