How Scout Alarm crowdfunded $160K — without Kickstarter or Indiegogo

Scout Alarm on iPhoneHassle-free home security sounds good, right? Perhaps $160,000 good, if you’re Scout Alarm … with none of that money going through crowdfunding sites like Kickstarter or Indiegogo.

In fact, Scout Alarm crowdsourced that cash all on its own.

The Scout Alarm is a $120 “next generation” alarm system that is designed for renters as well as home owners. It’s clean, simple, doesn’t require wires or a landline, and it comes with you to your new home when you move. In other words, a Scout representative told me, it’s the perfect system for urban dwellers who may not be living in the same home for decades on end.

Scout says that Kickstarter wouldn’t allow it on its service as its product was not far enough along in Scout Alarmpreproduction yet, so the company followed in the footsteps of Lockitron, which crowdfunded its keyless lock solution, then open-sourced the needed software. A month later, the company has 596 backers who have pledged $159,180 for the new alarm systems, which start shipping in August.

Read More at VentureBeat


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