The company has also seen triple the number of people enrolled in the last 12 months.
Despite product delays, the startup has raised a total of $33 million in about eight months.
With platforms like Kickstarter and Indiegogo, you can quickly see if the idea is something the market wants before investing large amounts of time, capital, and energy.
With a little strategy, you can raise capital and brand awareness -- fast.
A seasoned investor provides tips for startups to dodge the challenges created by the increasing availability of seed funding.
Raising capital can go much more smoothly when you come to the table prepared.
The availability of capital for entrepreneurs is not the issue anymore, but rather how to access these funds from the angels, VCs or the crowd.
Creating a MAP will take no more than an hour of your time every month and will keep the lines of communication open, ensuring relationships with investors remain strong, and ultimately helping early-stage startups succeed.
You need to seek an amount that is just right, based on your real needs, and consistent with the capabilities and interests of the investors you are addressing.
Check out which little-known startups and sectors landed major funding in 2014.
The Microsoft founder is joining other successful business leaders in supporting the Unitus Seed Fund. Here's why.
Few entrepreneurs are self funded, all the rest need to jump through hoops and negotiate a web of rules.
Encountering a rejection from an angel investor, friend or crowdfunder can be disheartening. But it just may be a signal to try new approaches.
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© 2015 Entrepreneur Media, Inc.