Wednesday, July 11, 2012

Great Athletic Training Device on Kickstarter.com

Hello again everyone, and thanks for reading my blog!

I read an inspiring piece today in Triathlete Magazine, and I wanted to share it with all of you.

http://triathlon.competitor.com/2012/07/gear-tech/mio-to-launch-strapless-heart-rate-monitor_57233

Using Kickstarter (www.kickstarter.com) is an excellent method of raising funds for a new business opportunity without giving up equity in the business. 

Earlier this year we watched as a product called Pebble, a simple e-paper watch, raised over $10M on Kickstarter (http://www.kickstarter.com/projects/597507018/pebble-e-paper-watch-for-iphone-and-android?ref=live).  That's pretty impressive - maybe even too impressive when you think about how many of those watches need to be built and shipped in the three months following the closing of the project.

There are currently plans coming together to get the Moxy Muscle Oxygen Monitor into a Kickstarter project - most likely by this Fall.  Our goals is to raise enough funds to get the design ready for mass production. 

Thanks again for reading my blog!

Stu







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