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Boston is becoming the center for hardware tech thanks to Bolt

11/2/2015

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In his BostInno article "How Ben Einstein and Bolt are making Boston the center of hardware tech," writer Dylan Martin says that Boston-based VC firm for early-stage hardware startups Bolt has invested in 26 companies and raised around $40 million. Bolt provides:
  • Seed funding
  • Engineering and product design support through a staff of engineers, designers, marketers, and operations staff
  • Office space, conference rooms, and a prototyping lab with 3D printers, a laser cutter, a CNC machine, and an environmental test chamber.

Hardware startups are getting more and more profitable
​Bolt managing partner and co-founder Ben Einstein predicts that the latest hardware companies, such as FitBit and GoPro, can be more profitable than software companies. The success of these companies may encourage more investment in hardware startups. Last year alone, the amount of funding into their hardware startups "increased from under $500 million to nearly $3.5 billion."
"The average investor doesn't understand that hardware startups are a thing and can be profitable."
- Ben Einstein, Bolt managing partner and co-founder

Why the increase?
  • Companies use contract manufacturers instead of building their own plants.
  • Smartphones have caused components costs to decrease over the years.
  • The physicality of products also makes investing money easier. 
  • Hardware startups build in recurring revenue models. such as coffee pods, monthly fees, or ebooks.
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​Grinding Wheel Industry
   Abrasive wheel inserts
   Cup wheel (spider) bushings
   Disc wheel inserts
   Reducing adapter bushings
   Reusable adapter kits
   Safety backs
   Throw-away mounting flanges
   Threaded hex inserts

Wire Rope Industry
   Fractional sheave gauges
   Metric sheave gauges
   How to use a sheave gauge
Customize
About
Contact
Donahue Industries



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Donahue Industries, Inc. is a full service international metal stamping manufacturer in Massachusetts specializing in parts for the grinding wheel and wire rope industries. 

Donahue Industries, Inc.
5 Industrial Drive
Shrewsbury, MA  01545-5835

Phone: (001) 508-845-6501
Fax: (001) 508-842-7665
sales@donahueindustries.com