I'm developing an electronics product which will cost around $60,000 to design.
I would like distributors to pre-order a certain quantity and leave funds in an escrow account. Is this do-able? It seems like a good idea, but I haven't heard much about it online.
If I get funds in an escrow account, that will attract investors on my side and allow me to make the product.
This makes it sound like I committed a crime. Startups often can`t afford the $ to work with and receive multiple designs from one or more firms.I don`t think there is anything wrong with asking designers to compete for business. Small companies and even large often do business development work for free or on spec if you will. Why? Well, of course in hopes of it paying off in a long term relationship.My logo contest resulted in $ for a firm. Any by the way, I may give that firm more $ for additional design work.