Kyle
When inventor Jamie Siminoff turned to Kickstarter for his latest invention he started realizing how flawed the Kickstarter model really was for inventors creating great products. Often times he noticed that inventors weren’t thinking the entire process through.
In an interview at CES 2013 with nibletz.com Siminoff told us that inventors sometimes go to Kickstarter with a great idea and a funding goal that barely covers cost. Their ideas get quickly validated by folks who oversubscribe on their project, but at the end of the day they go in the hole by netting down less than it costs to even make a product.
Other inventors may take a prototype product to Kickstarter that they had made at one factory but don’t take into consideration the factories that they may actually use when trying t scale a product up.
That’s why he created ChristieStreet, a crowdfunding site that is about inventors and their products. ChristieStreet uses a familiar crowdsourcing model once projects go live, however the team at ChristieStreet vets out the product answering questions like those above. Siminoff has real discussions with inventors before letting their projects go live, and even offers advice to young entrepreneurs with a great idea, on how to make the idea even greater and less costly.
To that end there are currently just three projects on ChristieStreet and each one has it’s own “cool” and “wow” factor. Â Right now there’s a wireless doorbell with camera that allows the user to view who’s at the door on their smartphone. They also have a bluetooth product that’s a headset with cool shapes like a skull and crossbones. The final project right now is a Powerbag type backpack on steroids complete with the capability of charging three devices at once, one of them being a laptop.
Siminoff says anyone with an actual invention can apply to ChristieStreet. In fact, in the video interview below he says how easy it is to get the product submitted and looked at. Siminoff and his team have seen their share of winners but also their share of products that most likely won’t make it out of the lab.
Check out our video interview from CES 2013 below.
