pam on Nostr: Arduino is an open source company that is highly successful esp in the makers and ...
Arduino is an open source company that is highly successful esp in the makers and educational communities. And they open source everything - hardware, software. There is a large number of arduino clones globally, much cheaper too and they are just as welcome to the arduino community and considered as part of the ecosystem. But people tend to go back to arduino to get their goods because not only is it at an affordable price, but there is brand loyalty, trust, support - that and it’s the real thing.
Would love to see more open source conversations on business-building and revenue-making in Nostr events.
I think the equation that might work is :
Build something so good + reach out to intended target market = people would love to pay for it.
At the early stages, people may be drawn to a product out of curiosity or because they connect with the founder's vision. Over a period of time, they start to remember the brand, and this familiarity builds trust. This is the same whether you have IP protection, open-source, or keep it as a trade secret.
But everything here is experimentation which is what makes it so special. Some call them developers but their are really open-source scientist testing out which hypothesis works. Nostr is like this big open-source laboratory and we get to watch it real time. Pretty amazing if you ask me.
Would love to see more open source conversations on business-building and revenue-making in Nostr events.
I think the equation that might work is :
Build something so good + reach out to intended target market = people would love to pay for it.
At the early stages, people may be drawn to a product out of curiosity or because they connect with the founder's vision. Over a period of time, they start to remember the brand, and this familiarity builds trust. This is the same whether you have IP protection, open-source, or keep it as a trade secret.
But everything here is experimentation which is what makes it so special. Some call them developers but their are really open-source scientist testing out which hypothesis works. Nostr is like this big open-source laboratory and we get to watch it real time. Pretty amazing if you ask me.