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One thing that consistently strikes me as a problem with Kickstarter is that the investment is open ended. In this case, they received 15x the funding they were
by leoedin 11y ago
One thing that consistently strikes me as a problem with Kickstarter is that the investment is open ended. In this case, they received 15x the funding they were initially asking for. In some ways, this is good (it spreads your NRCs) but it also can lead to the scope of a manufacturing project dramatically increasing. Giving an inexperienced team millions of dollars and expecting their project to go smoothly is asking for trouble.
- aikah 11y agoThere is absolutely no proof the product they advertised ever existed, there was never a single prototype made. So yeah cost of manufacturing is tricky, but for that you need something to manufacture at first place. This stuff never flied . Edit : the sub mysteriously 'disappeared' from HN's homepage ...
- dragonwriter 11y agoThat's not a problem with Kickstarter so much as using Kickstarter as a pre-order system by having the product output be the main backer reward.