amirhirsch
Joined 15 years ago
Joined 15 years ago
"By how much?"
"2⁻¹⁸² off the exponent."
"Go back to bed."
I have thought that there is a big opportunity financing components by optioning the sale of overstocked parts ahead of time. For a consumer electronics product that had heavy Q4 sales, my annual sales were entirely dependent on how many chips I could order by October 19, but then I'd have excess stock every January because things are sold in reels of varying sizes.
I’ve been making hardware for 20 years. My highest-volume product was Flybrix, a LEGO drone kit manufactured by Seeed and UniPrecision in China and by Sparqtron in Fremont, California. I’d be happy to work with you on a v2 reboot: Flybrix Swarmz, because every American high school needs a drone swarm.
Beyond that, I’ve worked with many domestic suppliers and built ITAR-controlled products as well. Even without owning the production capacity, if you can offer Net 90 on fabrication and extend credit for components--beyond existing DigiKey, Arrow, Mouser, and vendor credit lines--then I can build products and get paid without putting all the capital at risk upfront.
Factoring is expensive, especially against a purchase order rather than an invoice, and I don’t know of anyone offering working-capital credit based solely on an SBIR award.
Credit is what makes the spice flow.
Founder at Flybrix, Dir. DSP at General Radar, Founding Engineer at hCaptcha, Zigfu YC S11
amirhirsch.com