"Smart gun" maker gets another 14-million investment ahead of supposed 2023 launch :: 11/12/2022

I’m beginning to think that the easiest way to become a millionaire right now is to announce that you’re building a “smart gun” and you’re looking for investors. It seems like all you have to do is hope (don’t promise) to deliver a product somewhere in the next 12-to-18 months in order to secure cash, and once you’ve done that you can always push back your deadline.

At least that’s what the business model for most of the smart gun companies out there looks like to me, including the Colorado-based company Biofire, which announced this week that it’s received $14-million from investors in the hopes of bringing their biometric gun to market sometime next year.