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I can't think of a better example for buyer-beware. The crowd-funding idea is new and exciting, and a lot of people are jumping in on ideas they want to see com
by dclowd9901 14y ago
I can't think of a better example for buyer-beware. The crowd-funding idea is new and exciting, and a lot of people are jumping in on ideas they want to see come to fruition, without properly vetting those behind those ideas.
We will probably see some money come out of crowdfunding, but only the mindless money that was being thrown at it before that shouldn't have been. This product shouldn't have been funded, and likely, in the future, a product with similar prospects won't be. That's a good thing.
- veyron 14y agoThis product should have been funded, clearly. You are saying it shouldn't have been because the execution didn't match the (perfectly reasonable) hype. One problem highlighted by this situation is the lack of an advisor. There should be an advisor (essentially a board member) associated with sufficiently large projects to make sure that things progress (and to give the inventor the ability to communicate changes without it blowing up like this).