One of my favorite things about the audio biz is that anyone with a dream and a garage can get in. Accumulate the knowledge to design a speaker or an amp, gather the tools and materials to build it, muster the courage and social skills to sell it, and you’ve got yourself an audio company! (Unfortunately, a few would-be entrepreneurs skip that all-important first step.)
There’s no better current example of this phenomenon than John DeVore, founder, president, and chief designer of DeVore Fidelity. DeVore was a musician and high-end stereo salesman in new York City who’d nurtured a hobby of building his own speakers. When he finally got to the point where he was satisfied with his designs, he started to produce and sell them. His company now builds speakers in the old Brooklyn Navy Yard, which has become a hotbed of artisanal manufacturing.