Browse Case Studies

Rob Burke founded MindTalk Technology to create communication devices built into mouth guards that let users hear through vibrations transmitted via their jawbone and teeth. The company has soft commitments for 5,000 units and is working with professional teams like the Dallas Cowboys and Dallas Stars. Rob is raising $1.7 million on a convertible note with 6% interest, having already secured $100,000 in soft commitments.

Noah Rasheta built iStabilizer, a smartphone and tablet accessories company, after struggling to film his young son at the park with his iPhone 3GS. Starting with a universal smartphone tripod adapter costing $1 to make and retailing for $19.95, he grew the business from $60-70K in first-year revenue to $400-500K after landing a Walmart deal. Today the company has 15 SKUs and generates significant revenue from major retailers like AT&T Wireless ($600K annually) and Walmart ($400K annually), with 75% of revenue from retail partnerships and 25% from online sales.

Lab Sensor Solutions, founded by Jari Bolander and four co-founders, provides a sensor-as-a-service platform to track temperature and location of clinical samples during transport to prevent spoilage and medical errors. After two years of development and graduating from 500 Startups Batch 14, they launched sales in January-February 2014, raising a $420k friends-and-family seed round and acquiring three lab customers with 125 deployed sensors generating $3,000 MRR. With 7 trials underway and 22 more in immediate pipeline representing ~1,700 additional sensors, they're disrupting a legacy healthcare industry by leveraging the Affordable Care Act's shift toward value-based care.

GoPro was founded by Nick Woodman, a surfer who created the camera to capture first-person action footage from his own adventures. Working with marketing strategist Ron Lynch, GoPro employed an innovative TV advertising strategy using cheap remnant time slots ($100-$500 per 30-second spot) on niche sports channels, paired with a contest mechanism that drove users to gopro.com for data capture. This approach generated a 2.5x media efficiency ratio, ultimately scaling the company from $600k in annual revenue to $500M+ in just five years, eventually reaching a $7.8B market cap at IPO.

Hand Ground is a premium manual coffee grinder co-founded by Daniel Vitello that raised $309,000 in pre-sales on Kickstarter in 30 days through a strategic pre-launch campaign. The company built an Instagram following of 5,000 people before launch, then executed a viral referral campaign in December that leveraged direct messaging and a lottery-style rewards system to drive email signups. Post-Kickstarter, Hand Ground continues to generate daily sales through a link embedded on their Kickstarter page, while focusing on product development and manufacturing partnerships in China.

BestSelf is a beautifully designed undated journal that helps people set 13-week goals and build daily habits through a structured framework. The founders, Catherine and Alan, validated their concept on Kickstarter (raising $322,696 and selling 10,000+ units) before launching their Shopify store on January 1, 2016, generating $16,721.43 in sales within 12 days. With 70% profit margins and a highly engaged email list of 19,355 subscribers, they're scaling rapidly with virtual support while maintaining their primary focus on the physical product.

At Minute, founded by Nils Madison (formerly at Apple's exploratory design group), makes a sensor called Point that monitors homes using sound and environmental data analysis instead of cameras, preserving privacy. The company raised $300,000 from angel investors including notable figures like Hampus Jacobson and Sean O'Sullivan, plus $250,000 from a successful Kickstarter campaign that achieved a 7% conversion rate. They've sold 4,000 units at $99 with plans to scale production while iterating on early feedback.

Hold Your Hunches is a patented line of fashion leggings with integrated compression and shapewear, created by mothers Aaron Bickley and Jenny Greer. After building to $300K in two years through direct-to-consumer online sales, they appeared on Shark Tank Season 5 and became the first company to score a deal with both Lori and Barbara, resulting in a massive spike. They grew to $1.5M in revenue in 2014, with 90% still from direct online sales and 15% from their new Amazon store launched in April 2014.

Cellink is a Swedish bioprinting company founded in 2015 by Eric Gattonholm and Hector Martinez that manufactures affordable 3D bioprinters and provides custom tissue printing services. They've sold 40 bioprinters at $5,000 each with 87% gross margins, and project $4 million in total 2016 revenue by combining printer sales with high-margin services for cosmetic and pharmaceutical testing. The company aims to democratize bioprinting technology globally while working toward their long-term vision of bioprinting functional human organs for transplantation.

Woosh is a screen and device cleaning product company founded in 2012 by Jason Greenspan that pivoted from car cleaning products after discovering their formula worked exceptionally well on electronics. The company achieved over 200-300% year-over-year growth, reaching $5-10 million in projected 2016 revenue through primarily wholesale distribution across retailers like Apple Store and Staples, with the product available in multiple form factors including a $10 spray-and-cloth combo.

Bohemian Guitars manufactures functional electric guitars from reclaimed and recycled materials, selling at $250 retail (33% below market average) with a $55 production cost. Founded in 2012 by Adam Lee and his brother, the company grew from $16,000 first-year revenue to over $1 million in 2015 with 5,000+ units shipped, leveraging crowdfunding campaigns on Kickstarter and Indiegogo to validate products and raise capital. The company now has 100+ SKUs, operates in 50 countries with rockstars like Hozier using their guitars, and generates $5,000/month from a string subscription service.

Vertigris is a Silicon Valley-based IoT hardware and SaaS company founded by Mark Chung and two co-founders that helps commercial buildings monitor and optimize electricity usage. They install magnetic sensor clamps on electrical panels paired with an iPhone-like gateway device, then provide recurring software services for energy management and predictive analytics. With 300 customers generating approximately $260k MRR ($3.12M ARR) and a goal to reach $5M revenue in 2017 (4x growth from $1.2M in 2016), they've raised $16M in venture capital and leverage Verizon's 900-person sales team as their primary growth channel.

Forever Labs is a Y Combinator-backed longevity company that stores patients' stem cells via a 15-minute outpatient bone marrow aspiration procedure for $2,500 upfront plus $250/year in storage fees (or $7,000 lifetime). Founded in 2015 by Steven Klausenitzer and Dr. Mark Katakowski, the company has nearly 200 paying customers across nine states with credentialed physicians from top universities (Harvard, Stanford, Yale, etc.), generating ~$45k/month in recurring revenue from storage fees and referrals.

BioWave is a medical device company founded by Brad Smith in 2007 that uses electrical signal technology to provide FDA-cleared, non-opioid pain relief. The company sells professional-grade devices ($3,500) to sports teams and hospitals, consumer home units ($895), and recurring revenue through disposable gel pads ($15 per pair) and high-margin percutaneous needle electrodes ($150 per pair). With 16 employees, 90+ pro sports teams as customers, presence in 34 VA hospitals, and a growing network of 70+ distributors, BioWave is projected to cross $5 million in annual revenue.

GasSend is a hardware and SaaS company founded by Jennifer Reina in 2016 that helps manage propane distribution in Latin America. The company sells IoT devices that measure propane levels and provide marketplace access to suppliers with transparency ratings, while generating recurring revenue through a SaaS dashboard ($20/month for B2B, $1 per transaction for residential). After 2.5 years, GasSend has sold 2,200 devices, generated $100,000 in annual revenue, and is raising $1M at a $6M post-money valuation to scale manufacturing and expand into four Latin American countries.

TeleSense is an IoT hardware + software company founded in 2014 that monitors grain storage to reduce spoilage (30-50% reduction) in a $14B annual spoilage market. The company has 8 paid customers generating approximately $2k/month in recurring SaaS revenue, with a pricing model of $5k upfront ($4k hardware, $1k annual software subscription) that will eventually flip to free hardware and $4k+ annual software subscriptions. Founder Naeem Zafari, a serial entrepreneur with an Oracle acquisition in his background, raised $6.5M from major strategic investors including Maersk, McDonald's, and Rabobank.

Armbrust American is a US-based surgical mask and PPE manufacturer founded by Lloyd Armbrust in May 2020, reaching $10 million in revenue within six months during the COVID-19 pandemic. Lloyd raised $5 million in a weekend to build a vertically integrated manufacturing operation from polypropylene pellets to finished masks, achieving peak production of 1 million masks per day with a unit cost of 5 cents. The company pioneered a royalty-based investor structure and direct-to-consumer sales model that cuts out traditional middlemen in manufacturing distribution.