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Seeing as their $25,000 Kickstarter project got $573,760 worth of pledges, I guess $58,000 is not too much of a setback.
by Joeboy 12y ago
Seeing as their $25,000 Kickstarter project got $573,760 worth of pledges, I guess $58,000 is not too much of a setback.
- bitJericho 12y agoUh well that does mean they have more people they have to ship product to, ie, more expenses. They're not making 550k in profits...
- Joeboy 12y agoIndeed, but unless the economics of their project are weird, it means it's easier for them find the money to rectify the problem. Not every project would be able to do that.
- double0jimb0 12y agoMaybe, but a one time charge that is 10% of your entire budget and hits at the very very end of a months/years long financial burn down plan. That's a full semi-truck broadside type hit. I'd guess those funds are coming from future order inventory or bank loans.