the startups.com platform about startups.comCheck out the new Startups.com - A Comprehensive Startup University
Education
Planning
Mentors
Funding
Customers
Assistants
Clarity
Categories
Business
Sales & Marketing
Funding
Product & Design
Technology
Skills & Management
Industries
Other
Business
Career Advice
Branding
Financial Consulting
Customer Engagement
Strategy
Sectors
Getting Started
Human Resources
Business Development
Legal
Other
Sales & Marketing
Social Media Marketing
Search Engine Optimization
Public Relations
Branding
Publishing
Inbound Marketing
Email Marketing
Copywriting
Growth Strategy
Search Engine Marketing
Sales & Lead Generation
Advertising
Other
Funding
Crowdfunding
Kickstarter
Venture Capital
Finance
Bootstrapping
Nonprofit
Other
Product & Design
Identity
User Experience
Lean Startup
Product Management
Metrics & Analytics
Other
Technology
WordPress
Software Development
Mobile
Ruby
CRM
Innovation
Cloud
Other
Skills & Management
Productivity
Entrepreneurship
Public Speaking
Leadership
Coaching
Other
Industries
SaaS
E-commerce
Education
Real Estate
Restaurant & Retail
Marketplaces
Nonprofit
Other
Dashboard
Browse Search
Answers
Calls
Inbox
Sign Up Log In

Loading...

Share Answer

Menu
Hardware: Should hardware startups try to look for and acquire customers who will pre-order the product or should they just grow the hype before the launch?
DD
DD
Dragana Djuricic Mendel, MBA, MCS, technology commercialization; business growth path answered:

I agree with Armando and Shaun, customers bring you revenue, social media followers do now. I would go even further to say that social media followers represent a cost center, an expense, because you need to have a paid employee or a contractor to manage social media followers and keep the brand message consistent.
Businesses exist because they have paid customers. It's that simple. Regarding hardware startups, I just published a case study about FitBit vs Jawbone: http://www.anagard.com/blog/2015/05/06/case-study-bootstrap-vs-venture-funding/ In just three years FitBit took 70% market share for fitness trackers with only $83M in venture capital funding and yesterday they announced $100M IPO even though valuation is $1B. FitBit has to thank paying customers for the success. In contrast, Jawbone, their competitor raised $518M, took 19% market share and is in debt today -- epic fail.
Please call if you and your team need outside feedback.

Talk to Dragana Upvote • Share
•••
Share Report

Answer URL

Share Question

  • Share on Twitter
  • Share on LinkedIn
  • Share on Facebook
  • Share on Google+
  • Share by email
About
  • How it Works
  • Success Stories
Experts
  • Become an Expert
  • Find an Expert
Answers
  • Ask a Question
  • Recent Answers
Support
  • Help
  • Terms of Service
Follow

the startups.com platform

Startups Education
Startup Planning
Access Mentors
Secure Funding
Reach Customers
Virtual Assistants

Copyright © 2025 Startups.com. All rights reserved.