Misfit and Breathometer are two companies that crowdfunded with Indiegogo and are reaping the benefits. Indiegogo hosted a tent at SXSW and used Misfit and Breathometer as examples of how consumers can help a product take off. Misfit is best know for its wearable fitness device, the Shine, and Breathometer has developed a device that lets users monitor their blood alcohol content.

Disclosure: TheStreet's editorial policy prohibits staff editors, reporters and analysts from holding positions in any individual stocks.

If you liked this article you might like

Health Becomes a Big Focus at the NY Consumer Electronics Show

Health Becomes a Big Focus at the NY Consumer Electronics Show

Philip Morris Cuts Earnings Forecast, Acquires E-Cigarettes Maker

Philip Morris Cuts Earnings Forecast, Acquires E-Cigarettes Maker

Stock Trading Volume Expected to Drop During World Cup Match

Stock Trading Volume Expected to Drop During World Cup Match

Lennar Homes' Higher Prices Doesn't Scare Away Buyers

Lennar Homes' Higher Prices Doesn't Scare Away Buyers

Wearable Technology is Going To The Dogs With Voyce

Wearable Technology is Going To The Dogs With Voyce