[nandemo]

From http://news.ycombinator.com/item?id=4699862 (also at the front page right now):

> We funded the Lockitron guys back in the summer of '09—that's them at their YC interview. A year after YC, they were still figuring out their idea. They lived with the Wepay guys and one day the Wepays had a party for their investors. By that point the Lockitrons were working on a product to lock your door with an iPhone. They were able to impress one of the investors with their prototype, and he asked to have 40 installed in some startup offices he owned. The founders were psyched, but the commercial locks they needed to use cost $500 a pop. They didn't have $20,000 to fulfill an order that big. So they went around to the local locksmiths and scrapyards, buying broken locks for about $10 each. They fixed them themselves and were able to deliver on that order.