His house burned down. He used the insurance money to buildPopSockets.
Doesaconsumer hardwarecompany need to get on theVC treadmill tosucceed?Eleven years and 290 million products sold across 115 countries later,PopSocketshas proven thatthe bootstrapped, low-dilution path moreviablethan the industry gives it credit for.The global consumer hardware brand was built on less than $500k, no institutional capital, and a philosophy professors determination. Watch as founder and former CEO []