First, far too many entrepreneurs focus too much on product development without thinking about building a brand.

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Houzz, which has about 60 employees, is focusing with the new funding on building out its team in engineering and product development.

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DailyCandy is holding a contest to identify three standout entrepreneurs and help in product development, brand-building and marketing to shape them to the DailyCandy standard of cool.

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Jesse said that they are using the funding for building the team and accelerating the development of the product.

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The partnership would also provide a return on investment for the American taxpayer by securing the long-term viability of Chrysler brands in the marketplace, sustaining future product and technology development for our country and building renewed consumer confidence, while preserving American jobs.

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"From that point on, we decided our product development and engineering teams needed to be completely focused on what we do best and that's building high-performance loudspeakers, " he noted.

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