Crowdfunding Hardware With a Helping Hand From GE

The Mimo Baby Suit is one of eight products raising money on Dragon Innovation's new crowdfunding site. Photograph courtesy of Rest Devices Inc

One of the biggest headaches on crowdfunding sites such as Kickstarter and Indiegogo is vaporware: hardware projects that never materialize or arrive much later than their creators promised. It happens when creators don’t have a grip on the cost or complexity of manufacturing. CNNMoney found last year that 42 of the 50 Kickstarter projects that raised the most money didn’t ship on time.

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