How can you raise $11 million for a hardware startup?

Default Global Podcast: Navigating Global Expansion, Remote Teams, and International Talent

💰 Getting funding for hardware startups in 2024 is no walk in the park.
But Michael Corr, CEO of Duro Labs, shows it’s absolutely possible—even in a space most investors usually avoid.
In this episode of Default Global, we uncover Michael’s inspiring journey, from bootstrapping his startup to closing an impressive $11M seed round.
He explains how Duro Labs bridges software and hardware to streamline product development and supply chain management.
Michael shares practical strategies for grabbing investors’ attention, handling rejection, and proving traction—even in a niche market.
Plus, we discuss why now is the best time to dive into hardware, how 3D printing and COVID changed the investment landscape, and the factors driving innovation in the hardware space.

Key Takeaway:

1. How Duro Labs Raised $11M: From bootstrapping to securing funding for a hardware startup
2. Blending Software and Hardware: Centralizing data for better product development and supply chains.
3. Winning Over Investors: How to attract VCs, handle rejection, and show progress in niche markets.
4. Why Hardware is Hot in 2024: 3D printing, shifting investor views, and rising innovation.
5. Tactical Fundraising Advice: Build VC relationships, refine your pitch, and stay persistent.

If you're planning a funding round, fine-tuning your pitch, or exploring the hardware space, this episode offers real stories, practical tips, and insights to guide you forward.
Michael Corr on LinkedIn: https://www.linkedin.com/in/michaelgcorr/
Episode on YouTube: https://youtu.be/Ty0yM9jnzUM

Default Global Website: https://gogloby.io/podcast/
Youtube Channel: https://www.youtube.com/channel/UCM9SzxOhqqjOckcVG7XYKFA
Default Global LinkedIn: https://www.linkedin.com/company/default-global/
Vit Koval, Host Linkedin: https://www.linkedin.com/in/vitalykoval/