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Memory on Hand Surpasses Their $10K Kickstarter Goal in Less Than 2 Weeks & Decides To Double It

Less than two weeks ago, Boston-based Memory on Hand launched their first Kickstarter, asking for $10,000. Well, they’ve already passed that goal and have set a new one: $20,000. With 24 days still on the clock, the team’s excited and optimistic, hoping they’ll exceed their doubled expectations.

Initially, the team was focusing on the production of their two and four gigabyte USB flash drive wristbands. If they reach their new $20,000 goal, however, founder Andrew Kitzenberg says they’ll produce eight gigabyte Memory on Hand bands in every color and style, allowing current backers to change their pledge to reflect the additional storage space.

This is quite the accomplishment for a product that began as a class project during Kitzenberg’s senior year at Babson College. Although attending trade shows and receiving positive feedback has helped Kitzenberg validate the product’s viability, seeing this Kickstarter take off so quickly has provided “constant fuel and momentum,” and he admits it’s incredible to have this encouragement, “especially being early in the business.”

Memory on Hand’s garnered 128 backers on Kickstarter, and people have already been commenting with congratulations, saying they “can’t wait to see the new wrist bands.” Currently, the team’s working on still getting the word out. While Kitzenberg thinks Kickstarter has been a great platform to support the project, he’s realized it takes a lot of effort to promote products still.

Last week, another local company hit their Kickstarter goal: Gotham Bicycle Defense Industries. In just 25 hours, they raised $18,000, proving that Kickstarter might be the way to go for companies looking to spend their time building and selling products as opposed to looking for investors, trying to raise capital.

Have a product you’re looking to get out there? It appears to be a lucky month on Kickstarter. Perhaps now is the time you should consider registering.

from BostInno http://bostinno.com/2012/02/21/memory-on-hand-surpasses-their-10k-kickstarter...