How Christie Street is removing risk from the crowdfunded gadget

Christie StreetIf Kickstarter is the community college for crowdfunded projects, Christie Street is the Ivy League.

The product-focused funding platform has just funded its first project and lead inventor James Siminoff is feeling pretty good about its future.

“As far as first projects go, we were pretty aggressive,” Siminoff said of the DoorBot, which raised nearly $300,000.

Launched in December, Christie Street was born in part from Siminoff’s experiences with the POP, his multi-use gadget charger that was nearly killed by Apple before being given the green light.

That experience, along with the larger crowdfunding climate, convinced Siminoff that there was major potential for a funding platform that focused on products and products alone. Enter Christie Street, which Siminoff says is like a rich man’s Kickstarter.

“We’re weeding out 90 percent of products that don’t have what it takes to get made,” he said.

Read More at VentureBeat

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