When?

I started working on Thumtronics’ innovations in September of 2003. Since then, as my long-suffering family can attest, I have been obsessed by the challenge of developing and commercializing Thumtronics’ innovations.

Shipping an affordable, expressive Thummer is Thumtronics’ one and only mission at present. Only after it reaches a high enough level of sales to make Thumtronics profitable can we consider devoting additional resources to commercializing Thumtronics’ other innovations, such as the ThumMusic System, Dynamic Tuning, or Dynamically Tempered Timbres.

Currently, Thumtronics is raising capital to fund the final design & engineering work needed to get the Thummer to market. It is expected that the Thummer will reach the market within approximately nine months of this capital becoming available.

At the moment, I’m collecting quotes from credible folks in Austin and beyond about the market potential of the Thummer. Although everyone knows that disruptive innovations can make huge profits, investors usually approach a given potentially-disruptive innovation with great skepticism. Because disruptive innovations redefine the market, exploit new channels, and attract new customers, it’s very hard to prove that the disruptive product will actually sell – until it starts selling. The quotes that I’m gathering are intended to reduce this perceived market risk, by establishing that experts in the relevant fields believe that the Thummer will sell.

I expect to start approaching potential investors in a couple of weeks. It’s hard to predict how long the capital-raising process will take. One smart guy with money, and I’m done – but more likely, I’ll need to find a half-dozen, and they’ll all debate the valuation & term sheet, so it’ll take months.

So don’t expect to see any Thummer for sale until mid-2008, at the earliest.