This document summarizes a presentation about the synergies between open source hardware and open source software. It discusses how both are based on principles of openness and sharing. While hardware has additional challenges like costs of components and tooling, communities like OSHUG are helping support open source hardware projects. The presentation then discusses how open standards and communities can help the Internet of Things reach its full potential, though many standards still need to be developed around protocols, APIs, semantics, discoverability and data access.