How to compete on a smarter product in shoestring situation

Must register Zoom Webinar to join live session
https://us02web.zoom.us/j/86490452807

The pandemic has pushed some Silicon Valley start-ups back into the garage. An engineer at Cerebras Systems, a start-up in Los Altos that is building the world’s largest computer chip turned his living room into a hardware lab.

Hardware is still a brutal business for many startups. A study from CB Insights analyzed 400 failed hardware startups, and found that the top two reasons they fail are 1) lack of consumer demand and 2) a high burn rate.

A duct-taped Raspberry Pi prototype is not enough as a minimum viable product (MVP). You need to develop a prototype that appears almost production ready, is stable enough to garner reliable feedback, and demonstrates the core value of your product. You need to get this into the hands of your customer and start iterating your product before you burn through your capital. Let’s hear directly from hardware founders who have been able to deliver smarter products in a shoestring situation.

Monitor: Jacky Chen, CEO & Founder of Alphataba
Panelists:
Bakur Kvezereli, CEO & Founder of ZTractor
Paul Shvets, CEO & Founder of Bowlton Robotic Kitchens
Marcus Nageeb, CEO & Founder of Bounch
Art Shulenberger, CTO & Founder of EyeQ
Bess Ho, COO & Head of Products of Phorena

Agenda:
7:00 pm Networking
7:10 pm MC Announcement
7:15 pm Speaker Introduction
7:30 pm Discussion Panel
8:15 pm Q&A
8:30 pm Ending

Panelists:
https://www.linkedin.com/in/jacky-chen-05753268/
https://www.linkedin.com/in/paul-shvets/
https://www.linkedin.com/in/maryshulenberger/
https://www.linkedin.com/in/bakur-kvezereli/
https://www.linkedin.com/in/marcus-nageeb-687012a0/
https://www.linkedin.com/in/startup/

Bio:
https://github.com/bessho/SiliconValleyInternetBuilder/wiki/Innovation-Event-Series

Supporting Organizations:
IEEE Silico Valley Consumer Electronics
https://site.ieee.org/scv-ces/
IEEE Silicon Valley Startup SIG
https://site.ieee.org/scv-yp/startup-sig/
Silicon Valley China Wireless
http://svcwireless.org/
Hong Kong IoT Alliance
https://alliance.hkiota.org/

Sponsor:
InvestHK
https://www.investhk.gov.hk/en/home.html

Panel Monitor
Jacky Chen, CEO & Founder of Alphataba
Jacky Chen is a 2x founder and experienced product manager in manufacturing with over 8 years of deep expertise across different industries, such as healthcare, AR/VR, consumer electronics, and robotics. He joined Meritronics in 2013 and has led a combined portfolio worth over 50 million, inclusive of successful companies that have since IPO. With a great understanding of the challenges startups face, Jacky co-founded Paritron in 2015 to help hardware startups handle manufacturing operations. Jacky also co-founded Alphataba in 2020 with the goal to disrupt traditional manufacturing through a manufacturing-as-a-service model as well as launching a compact factory in Silicon Valley with SMT machineries and 3D printing for subscribed members.