Andreas Olofsson has a great article on eetimes.com titled Why I Won’t Do Another Kickstarter Campaign. The article digs in to what he learned from the Parallella hardware project that was launched on Kickstarter. The biggest problem he found was setting too low of a price which it made it impossible to fulfill the Kickstarter without finding outside funding. There’s some great advice for pricing that can help future hardware crowd-funding campaigns avoid a similar fate. Check out the article for all the details and lessons learned.
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One of the projects for a low cost Apple lightning connector I found from another manufacturer at CVS for one third of the cost and I was already supposed to get my Kickstarter project by about now. I’m not going to get my Kickstarter project for about another six weeks if at all. Buyer beware.
Startups And The Big Lie
What will happen if they don’t deliver and how to you force that conversation?
What people need to understand is that a Kickstarter is a startup and why a startup will fail. What is the health of the company you want a Kickstarter from if they don’t have money? Have they ever been in debt? Have they ever been bankrupt? The reason they are on Kickstarter is because they aren’t really established and companies that aren’t established can have troubles that would sink established companies.