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Self-Proclaimed Kickstarter Reject Creates Open Source Crowdfunding Website

To fund their hardware project, the founders wrote their source crowdfunding platform, which is now open sourced.

Written by Dan Marom

Nov 20, 2012

After Kickstarter released stringent rules governing hardware projects, startup company Lockitron decided it was time to take action. To fund their hardware project, the founders wrote their source crowdfunding platform, which is now open sourced. According to their website, selfstarter.us, to get started, “all you need is a great product.”

Lockitron is their own first success story; since being rejected by Kickstarter, the wireless door lock raised more than 1000% of their funding goal.

For more information on SelfStarter, visit www.selfstarter.us

About Author

About Author

Dan Marom

Dan Marom is an acclaimed author and leading thought leader in the crowdfunding field. In 2010, he co-authored a pioneering book on crowdfunding titled The CrowdFunding Revolution (with Kevin Lawton). A second edition was published by McGraw-Hill in 2012. As a Ph.D. candidate in Finance at the Hebrew University of Jerusalem, Israel, Dan’s research focuses on crowdfunding and entrepreneurial finance.Dan has been highly engaged in various R&D and management assignments for several years as a technologist and Founder & CEO of a startup company. He currently serves as a strategic consultant to some of the leading Israeli companies and public organizations. Living in Tel Aviv, Israel, Dan holds a Masters in Business Administration (Cum Laude), and a Bachelor of Science in Electrical Engineering.

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