Entrepreneur Success Story – Why Not You?

23 Dec

This is a great story and inspiration to all that aspire to build their own product and company.  I’ve been following this story since I read about it in the Economist back in October.  2 friends came up with an idea, build it on the cheap using partners to quickly prototype the product and then raised over $100K from angel investors in a few weeks.  It’s now in production to popular reviews and available for purchase on-line.

What do I love about the story?

  • 2 friends with complimentary talents to turn an idea into a product
  • They came up with a great idea that they then EXECUTED on
  • They quickly (and cheaply) built the protype using outside help
  • They used KickStarter to find angel investors via the internet
  • They are selling direct on the internet so cost of sales is low

It’s easy to come up with a good idea.  Well, certainly easier than actually executing on the idea.  So my congratulations to these 2 friends who were able to build and launch a consumer product with minimal resources and in rapid time.

What is it?  It’s a tripod for your iPhone4.  Simple, elegant and handy.

What’s your New Year’s Resolution?  Shouldn’t it be to execute on your idea?

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