Liz Gannes

Recent Posts by Liz Gannes

Not Just Toys: LittleBits Raises $11.1M to Expand Amateur Electronics Products

LittleBits, which has sold hundreds of thousands of modular electronics kits that snap together with magnets, has raised $11.1 million in Series B funding led by True Ventures and Foundry Group. The company has offered increasingly complex, powerful and robotic tools, including its latest, an audio synth kit. “It’s been very easy to put ourselves in the bucket of toys, but we set out to change the face of electronics,” said CEO and founder Ayah Bdeir.

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Just as the atom bomb was the weapon that was supposed to render war obsolete, the Internet seems like capitalism’s ultimate feat of self-destructive genius, an economic doomsday device rendering it impossible for anyone to ever make a profit off anything again. It’s especially hopeless for those whose work is easily digitized and accessed free of charge.

— Author Tim Kreider on not getting paid for one’s work