$1.7M+ crowdfunding haul puts ChessUp in attack position for production, hiring top talent
May 6, 2021 | Austin Barnes
The makers of ChessUp are at a million-dollar advantage after the close of their first crowdfunding campaign.
“It’s what we dreamed about and hoped for,” Jeff Wigh, CEO and one of three co-founders behind Bryght Labs, maker of ChessUp, said of the company’s first Kickstarter campaign and its $1.703 million close late last month.
Becoming the crowdfunding platform’s most-funded chess project of all time has primed the startup to aggressively scale its efforts — with no blocked moves in sight.
“What this means is way more content and features – especially in the app,” Wigh continued, detailing plans to expand the capabilities of its strategy-first, connected chess board.
Click here to learn more about ChessUp and its commitment to advancing STEM exposure.
“For example we are adding a chess lessons library to complement our over-the-board experience. … We can do a lot of awesome things to augment the board,” he said. “We used to think we needed to partner with a chess content site — now we want to become one.”
The company publicly debuted ChessUp and launched its Kickstarter effort in March. Supporters of the campaign are expected to receive the product in November, despite an integrated circuit (IC) shortage, Wigh explained.
“It would have been a much bigger problem if we had a smaller campaign,” he said, noting the company can place a bigger order and pay with cash, making the materials easier to access and obtain.
Click here to pre-order ChessUp on Indiegogo.
The cash injection helps further cement the venture as the real deal for Wigh and his team, giving them a sizable customer base and allowing them to refine the product at a much earlier stage, he explained.
“The ChessUp board is our advantage over web [and mobile app] chess platforms,” he said. “The lesson content was formerly our weak spot — but now it will be our strength. We can [become] a complete chess platform and it is a big, big opportunity.”
And to seize such opportunities, the company will need to expand its team sooner than it expected, Wigh added.
“I think the biggest risk for a hardware product is getting the right talent in house to finish the product,” he said of the startup’s current needs, which include customer support, digital marketing, and sales roles. Hardware-focused roles in mobile app development and UI/UX design are also available.
Interested in a role or summer internship with Bryght Labs? Contact info@bryghtlabs.com.
“With the big campaign, people who are considering joining our team are much more comfortable,” Wigh continued. “We have the money and the demand risks covered, which in turn covers the risk for the talent we want to attract.”
2021 Startups to Watch
stats here
Related Posts on Startland News
Former Sprint COO LeMay dishes on KC capital, failure
There are few people in Kansas City more connected into the area’s investor, corporate and startup community than FarmLink CEO Ron LeMay. Also now managing director of Kansas City-based OpenAir Equity Partners, LeMay frequently sees the successes and failures of the metro area’s capital landscape. The former Sprint COO recently spoke with dozens of Kansas…
RFP365 partners with Kansas City, raises $950K
On the heels of a six-figure raise, area tech firm RFP365 recently landed the City of Kansas City as a client for its software that eases the request for proposal process. The company’s deal with Kansas City was born from the city’s “Innovation Partnership” program, which affords entrepreneurs the opportunity to “test drive” their technologies…
Study: Gov should take long-term approach to grow new businesses
A recent study by the Ewing Marion Kauffman Foundation reports that while governments have long supported entrepreneurship, new business creation is waning. The study — Guidelines for Local and State Governments to Promote Entrepreneurship — found that new businesses comprised about 8 percent of all U.S. businesses in 2011, down from roughly 15 percent in the…
Kansas City’s Innovation Partnership program to expand
Kansas City’s program to streamline the integration of technologies into City Hall is set to expand in hopes of attracting more entrepreneurial participation. The City of Fountain’s Innovation Partnership program plans to ramp up marketing and resources to welcome more companies hoping to test drive their technologies with the city, said Ashley Hand, Kansas City’s…
